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Property profile & analytics
OFF-MARKET
Turn key restaurants
403 Main St, Salem, IN 47167-1350
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1846819
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
WOOD
Total area
4,800 SF
Lot
0.7 ac (30,492 SF)
APN
88-24-20-221-009.001-022
UPID
US31-1846819
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Convenient Care of Washington Hospital
-
Seymour Orthopedic & Rehab: Laitinen David W MD Physician
-
El Caminos Take-out & Catering Catering Service
-
Seymour Orthopedic & Rehab: Ollo Jeffrey A MD Physician
-
Schimmelpfenni Robert W MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eig Salem LLC · 10 yrs held
Eig Salem LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,465
Tax year 2023
Assessed value
$315,500
Assessed 2023
Previous assessed
$315,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$45,700
Assessed improvement
$269,800
Land market value
$45,700
Improvement market value
$269,800
Total market value
$315,500
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.7 ac (30,492 SF)
APN
88-24-20-221-009.001-022
UPID
US31-1846819
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Eig Salem LLC
Entity
Free & Clear · 10 yrs held
Mailing address
747 MIDDLE NCK RD STE #100, GREAT NECK, NY 11024-1950
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
—
Salem Shopping Center LLC
—
Deed
related
$2,400,000 · United Bank & Trust
Mar 9, 2016
—
Eig Salem LLC
Kentuckiana Real Estate Holdings LLC
Quit Claim Deed
—
Mar 30, 2015
—
Kentuckiana Real Estate Holdings Ll
Your Community Bank
Quit Claim Deed
related
—
Mar 25, 2015
—
Your Community Bank
Melas LLC
Deed In Lieu Of Foreclosure
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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