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    Property profile & analytics

    3 Main St North Salem, IN 46165-9529

    • Grocery and convenience stores
    • 3,500 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US31-0273719
    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

    • Hunt Brothers Pizza / Pizza Restaurant
    • Sunoco / Gas Station / Convenience Store
    • Mobil / Gas Station
    • The Hat Don / Convenience Store

    Property Details for 3 Main St

    Year built
    1965
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.17 lot acres
    Property size
    3,500 SF
    Property type
    Grocery and convenience stores
    APN
    32-05-04-220-004.000-008
    APU
    320504220004000008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $335,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $295,000
      Mixed-Use
      $370,000
      Hospitality
      $370,000
      Educational
      $370,000
      Residential Income
      $310,000
      Energy
      $340,000
      Income-Based Land
      $345,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    North Salem
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.6423
    Latitude
    39.8594
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $3,320
    $12,500
    $71,200
    $83,700
    -
    $12,500
    $71,200
    $83,700

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      3 Pearl

      CONVENIENCE STORE (W/FUEL PUMP) • 0.17 Acres
      3 Pearl, North Salem, IN 46165
      View Details
    • Value Estimation by Request
      1,080 SF

      Air Lots

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      Air Lots, North Salem, IN 46165
      View Details
    • Value Estimation by Request
      1,200 SF

      14 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      14 Pearl St, North Salem, IN 46165-9550
      View Details
    • Value Estimation by Request
      2,332 SF

      17 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 2,332 SF
      17 Pearl St, North Salem, IN 46165
      View Details
    • Value Estimation by Request
      1,032 SF

      11 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 1,032 SF
      11 Pearl St, North Salem, IN 46165-9550
      View Details
    • Value Estimation
      $305,000
      13,308 SF

      207 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 13,308 SF
      207 Pearl St, North Salem, IN 46165-9552
      View Details
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    3 Main St
    North Salem, IN 46165-9529
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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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