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    Property profile & analytics

    300 Water St Salem, IN 47167-1342

    • Warehouses
    • 15,037 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Location Intelligence
    Property ID
    US31-1433044
    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

    • Salem Lumber & Feed / Lumber Store
    • Mid-Southern Savings Bank Fsb / Bank
    • FedEx Drop Box / Mailing Service

    Property Details for 300 Water St

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.60 lot acres
    Property size
    15,037 SF
    Property type
    Warehouses
    APN
    88-24-17-334-113.000-022
    APU
    882417334113000022

    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
    -86.1017
    Latitude
    38.6034
    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
    $2,757
    $18,000
    $73,900
    $91,900
    -
    $18,000
    $73,900
    $91,900

    Comparable in this City

    • Value Estimation
      $820,000
      21,070 SF

      5170 State Rd 56

      WAREHOUSE, STORAGE • 21,070 SF
      5170 State Rd 56, Salem, IN 47167-8441
      View Details
    • Value Estimation
      $440,000
      18,870 SF

      Side Natalie Ct Ct

      STORAGE YARD, OPEN STORAGE • 18,870 SF
      Side Natalie Ct Ct, Salem, IN 47167
      View Details
    • Value Estimation
      $420,000
      9,604 SF

      215 Tarr Ave

      STORAGE YARD, OPEN STORAGE • 9,604 SF
      215 Tarr Ave, Salem, IN 47167
      View Details
    • Value Estimation
      $450,000
      6,400 SF

      End Of Small St

      STORAGE YARD, OPEN STORAGE • 6,400 SF
      End Of Small St, Salem, IN 47167
      View Details
    • Value Estimation by Request
      6,731 SF

      301 Water St

      STORAGE YARD, OPEN STORAGE • 6,731 SF
      301 Water St, Salem, IN 47167-1341
      View Details
    • Value Estimation by Request
      288 SF

      Cox Fry Rd

      STORAGE YARD, OPEN STORAGE • 288 SF
      Cox Fry Rd, Salem, IN 47167
      View Details

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      Prime Salem Commercial Building

      Spacious building, ample parking, great location.
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    300 Water St
    Salem, IN 47167-1342
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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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