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    Property profile & analytics

    103 Cherry St Salem, IA 52649-7715

    • Retail space
    • 2,088 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-1176209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 103 Cherry St

    Year built
    1910
    Lot size
    0.17 lot acres
    Property size
    2,088 SF
    Property type
    Retail space
    APN
    460102410700500
    APU
    460102410700500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Henry
    State
    Iowa
    Longitude
    -91.6217
    Latitude
    40.855

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $60
    $3,150
    $100
    $3,250
    -
    $3,150
    $100
    $3,250

    Comparable in this City

    • Value Estimation
      $380,000
      4,800 SF

      3021 Hwy 218

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      3021 Hwy 218, Salem, IA 52649-9449
      View Details
    • Value Estimation by Request
      1,340 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,340 SF
      109 Main St, Salem, IA 52649
      View Details
    • Value Estimation by Request
      527 SF

      113 Main St

      BARBER, HAIR SALON • 527 SF
      113 Main St, Salem, IA 52649-7704
      View Details
    • Value Estimation
      $370,000
      2,280 SF

      3164 Hwy 218

      CONVENIENCE STORE • 2,280 SF
      3164 Hwy 218, Salem, IA 52649-9457
      View Details
    • Value Estimation by Request
      1,744 SF

      102 Jackson St

      CAR WASH - SELF-SERVE • 1,744 SF
      102 Jackson St, Salem, IA 52649-7745
      View Details
    • Value Estimation by Request
      2,784 SF

      101 Cherry St

      BAR, TAVERN • 2,784 SF
      101 Cherry St, Salem, IA 52649-9708
      View Details
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    103 Cherry St
    Salem, IA 52649-7715
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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