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    Property profile & analytics

    209 Water St Salem, IN 47167-1339

    • Auto shops
    • 17,204 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Jun 01, 2023
    Location Intelligence
    Property ID
    US31-1569411
    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

    • Hughes Tire Service / Tire Shop / Auto Electrical Service

    Property Details for 209 Water St

    Year built
    1943
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    17,204 SF
    Property type
    Auto shops
    APN
    88-24-17-334-074.000-022
    APU
    882417334074000022

    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
    -86.1024
    Latitude
    38.6041
    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
    $3,147
    $21,900
    $83,000
    $104,900
    -
    $21,900
    $83,000
    $104,900

    Comparable in this City

    • Value Estimation by Request
      7,680 SF

      1400 Mulberry St

      AUTO REPAIR, GARAGE • 7,680 SF
      1400 Mulberry St, Salem, IN 47167-9434
      View Details
    • Value Estimation by Request
      6,400 SF

      38 Public Sq

      AUTO REPAIR, GARAGE • 6,400 SF
      38 Public Sq, Salem, IN 47167-2036
      View Details
    • Value Estimation by Request
      768 SF

      Ss Poplar St

      AUTO REPAIR, GARAGE • 768 SF
      Ss Poplar St, Salem, IN 47167
      View Details
    • Value Estimation
      $2,905,000
      3,264 SF

      1304 Jackson St

      AUTO REPAIR, GARAGE • 3,264 SF
      1304 Jackson St, Salem, IN 47167-9794
      View Details
    • Value Estimation by Request
      5,845 SF

      201 Water St

      AUTO REPAIR, GARAGE • 5,845 SF
      201 Water St, Salem, IN 47167-1339
      View Details
    • Value Estimation by Request
      2,640 SF

      Poplar St

      AUTO REPAIR, GARAGE • 2,640 SF
      Poplar St, Salem, IN 47167
      View Details

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    Salem, IN 47167-1339
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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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