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    Property profile & analytics

    1302 Mulberry St Salem, IN 47167-9433

    • Turn key restaurants
    • 2,628 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US31-2294403
    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

    • Nices Family Diner / Family Restaurant / Breakfast Restaurant

    Property Details for 1302 Mulberry St

    Year built
    1952
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.16 lot acres
    Property size
    2,628 SF
    Property type
    Turn key restaurants
    APN
    88-24-18-332-011.000-022
    APU
    882418332011000022

    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
    Washington
    State
    Indiana
    Longitude
    -86.1192
    Latitude
    38.6086
    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
    $2,862
    $40,800
    $54,600
    $95,400
    -
    $40,800
    $54,600
    $95,400

    Comparable in this City

    • Value Estimation
      $435,000
      832 SF

      604 Main St

      RESTAURANT • 832 SF
      604 Main St, Salem, IN 47167-1040
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    • Value Estimation by Request
      5,179 SF

      2310 Quarry Rd

      RESTAURANT • 5,179 SF
      2310 Quarry Rd, Salem, IN 47167-8907
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    • Value Estimation
      $355,000
      2,700 SF

      1115 Mulberry St

      RESTAURANT • 2,700 SF
      1115 Mulberry St, Salem, IN 47167
      View Details
    • Value Estimation
      $330,000
      1.26 Acres

      1303 Hackberry St

      RESTAURANT • 1.26 Acres
      1303 Hackberry St, Salem, IN 47167-9604
      View Details
    • Value Estimation
      $315,000
      0.47 Acres

      502 Main St

      RESTAURANT • 0.47 Acres
      502 Main St, Salem, IN 47167-1128
      View Details
    • Value Estimation
      $475,000
      5,920 SF

      3025 Mt Tabor Rd

      RESTAURANT • 5,920 SF
      3025 Mt Tabor Rd, Salem, IN 47167-5857
      View Details

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    Salem, IN 47167-9433
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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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