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    Property profile & analytics

    1305 Mulberry St Salem, IN 47167-9433

    • Retail space
    • 6,283 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Feb 13, 2025
    Location Intelligence
    Property ID
    US31-1321528
    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

    • Tracy's Bar and Grill / Bar & Grill
    • Totally Baked Sweets, LLC / Bakery

    Property Details for 1305 Mulberry St

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    6,283 SF
    Property type
    Retail space
    APN
    88-24-18-332-002.000-022
    APU
    882418332002000022

    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
    -86.1196
    Latitude
    38.6093
    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
    $2,970
    $21,000
    $78,000
    $99,000
    -
    $21,000
    $78,000
    $99,000

    Comparable in this City

    • Value Estimation by Request
      2,730 SF

      106 Water St

      RETAIL STORES (PERSONAL SERVICES) • 2,730 SF
      106 Water St, Salem, IN 47167-1738
      View Details
    • Value Estimation by Request
      2,168 SF

      106 Water St

      RETAIL STORES (PERSONAL SERVICES) • 2,168 SF
      106 Water St, Salem, IN 47167-1736
      View Details
    • Value Estimation
      $860,000
      8,968 SF

      308 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,968 SF
      308 Main St, Salem, IN 47167-1322
      View Details
    • Value Estimation
      $330,000
      1,500 SF

      9945 Garrison Holw Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      9945 Garrison Holw Rd, Salem, IN 47167-6160
      View Details
    • Value Estimation
      $270,000
      3,632 SF

      1012 Hackberry St

      RETAIL STORES (PERSONAL SERVICES) • 3,632 SF
      1012 Hackberry St, Salem, IN 47167-9601
      View Details
    • Value Estimation by Request
      5,312 SF

      1180 Lk Salinda Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,312 SF
      1180 Lk Salinda Rd, Salem, IN 47167-9320
      View Details

    Similar Nearby for Sale

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      High-Traffic Salem Retail Building

      Prime Salem location, 3548 sq ft, 1.14 acres.
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    • $120,000
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      High-Traffic Salem Retail Space

      Prime commercial space, high visibility, excellent location.
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      Prime Salem Commercial Building

      Spacious building, ample parking, great location.
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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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