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    Property profile & analytics

    6916 Old 56 Salem, IN 47167

    • Manufacturing properties
    • 84,000 SF
    • 80.00 lot acres
    OFF-MARKET
    Value Estimation
    $1,160,000
    Last Sale
    Aug 31, 2020
    Location Intelligence
    Property ID
    US31-1979619
    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

    • Manufacturing properties

    Property Details for 6916 Old 56

    Year built
    2001
    Construction
    TYPE NOT SPECIFIED
    Lot size
    80.00 lot acres
    Property size
    84,000 SF
    Property type
    Manufacturing properties
    APN
    88-35-32-000-015.001-005
    APU
    883532000015001005

    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
    -85.9798
    Latitude
    38.652
    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
    $37,039
    $579,800
    $1,331,900
    $1,911,700
    -
    $579,800
    $1,331,900
    $1,911,700

    Comparable in this City

    • Value Estimation by Request
      237,887 SF

      198 Imperial Dr

      MANUFACTURING (LIGHT) • 237,887 SF
      198 Imperial Dr, Salem, IN 47167-6604
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    • Value Estimation
      $960,000
      50,201 SF

      201 Jeans Dr

      MANUFACTURING (LIGHT) • 50,201 SF
      201 Jeans Dr, Salem, IN 47167-9200
      View Details
    • Value Estimation by Request
      332,808 SF

      200 Kimball Blvd

      MANUFACTURING (LIGHT) • 332,808 SF
      200 Kimball Blvd, Salem, IN 47167-9682
      View Details
    • Value Estimation
      $645,000
      17,280 SF

      5882 Becks Ml Rd

      MANUFACTURING (LIGHT) • 17,280 SF
      5882 Becks Ml Rd, Salem, IN 47167-8148
      View Details
    • Value Estimation
      $215,000
      7,808 SF

      1302 Hackberry St

      MANUFACTURING (LIGHT) • 7,808 SF
      1302 Hackberry St, Salem, IN 47167-9604
      View Details
    • Value Estimation
      $470,000
      9,414 SF

      3967 Sullivan Ln

      MANUFACTURING (LIGHT) • 9,414 SF
      3967 Sullivan Ln, Salem, IN 47167-7724
      View Details

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    6916 Old 56
    Salem, IN 47167
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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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