Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Elizabeth St Salem, IN 47167-2109
    Back to Search
    Property profile & analytics

    103 Elizabeth St, Salem, IN 47167-2109

    View on Map
    • Specialty properties
    • 888 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 23, 2021
    $5,000
    Property ID
    US31-0398338
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 103 Elizabeth St

    Year built
    1923
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property type
    Specialty properties
    APN
    88-24-17-442-090.000-022
    APU
    882417442090000022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 23, 2021 $5,000 Washington County Helping Hands INC City Of Salem Indiana Of Washington Warranty Deed —
    Oct 31, 2017 $5,000 The City Of Salem Indiana Robert D Sabens JR Warranty Deed —
    Aug 17, 2010 $38,000 Robert D Sabens JR Opal Knight Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.0952
    Latitude
    38.606
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    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
    $0.00
    $10,800
    $3,300
    $14,100
    -
    $10,800
    $3,300
    $14,100

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      Es N Jay St

      CHARITABLE ORGANIZATION
      Es N Jay St, Salem, IN 47167
      View Details
    • Value Estimation by Request
      1.00 Acre

      N-side Cox Fry Rd

      CHARITABLE ORGANIZATION
      N-side Cox Fry Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      35.20 Acres

      Es Zink Rd

      CHARITABLE ORGANIZATION
      Es Zink Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      2.59 Acres

      Of Small St

      CHARITABLE ORGANIZATION
      Of Small St, Salem, IN 47167
      View Details
    • Value Estimation by Request
      18.50 Acres

      Nn Of N Cox Fry Rd

      CHARITABLE ORGANIZATION
      Nn Of N Cox Fry Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      6,634 SF

      106 Shelby St

      FUNERAL HOME
      106 Shelby St, Salem, IN 47167-1418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,246 SF

      Commercial Building with Parking

      Versatile commercial building with parking, suitable for various businesses.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • Contact for pricing

      Versatile Commercial Property with Acreage

      Large commercial property with multiple buildings and ample parking.
      206 W Walnut St, Salem, IN 47167
      View Details
    • $199,900
      0.61 Acres

      Commercial Building with Parking Space

      Versatile commercial building suitable for various business ventures.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • $199,900
      10,246 SF

      Spacious Commercial Building with Parking

      Large commercial building suitable for various business ventures.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • Contact for pricing

      Regional Event Facility For Sale

      First-class event facility with excellent commercial kitchen and ample parking.
      1500 E Rc Morris Dr, Salem, IN 47167
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,156 SF

      Retail Building Near Walmart

      2,156 SF retail building with ample parking and accessibility.
      1315 East Hackberry St, Salem, IN 47167
      View Details
    • Contact for pricing
      8,450 SF

      Retail Space Available For Rent

      Retail property with 8,450 square feet available for lease.
      601 S Main St, Salem, IN 47167
      View Details
    • Contact for pricing

      Corner Site Near Retailers

      Corner commercial land available for lease near major retailers.
      Coral St, Salem, IN 47167
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space Available For Rent

      8,000 sqft retail space available for lease.
      1323 E Hackberry St, Salem, IN 47167
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 Elizabeth St
    Salem, IN 47167-2109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 Elizabeth St, Salem, IN, 47167
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!