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    Property profile & analytics

    911 Shelby St Salem, IN 47167-2304

    • Medical offices
    • 93,312 SF
    • 5.40 lot acres
    OFF-MARKET
    Value Estimation
    $940,000
    Location Intelligence
    Property ID
    US31-2099998
    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

    • St. Vincent Salem Hospital - Cardiology Clinic / Pediatrician / Medical Clinic
    • Norton Heart Specialists / Medical Clinic / Cardiologist
    • Mallori Wisuri Hathaway / Physician Assistant
    • Baptist Health Medical Group Cardiology / Medical Clinic / Cardiologist
    • Nephrology Associates of Kentuckiana, PSC / Medical Clinic

    Property Details for 911 Shelby St

    Year built
    1968
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.40 lot acres
    Property size
    93,312 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    88-24-17-222-003.001-022
    APU
    882417222003001022

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,040,000
      6.5%
      $1,045,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,090,000
      Geo Method
      $1,145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,225,000
      Retail
      $1,260,000
      Mixed-Use
      $1,045,000
      Hospitality
      $1,050,000
      Educational
      $1,115,000
      Residential Income
      $1,020,000
      Energy
      $1,165,000
      Income-Based Land
      $1,115,000
      Food Service
      $950,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.107
    Latitude
    38.6133
    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
    $49,287
    $108,000
    $1,534,900
    $1,642,900
    -
    $108,000
    $1,534,900
    $1,642,900

    Comparable in this City

    • Value Estimation by Request
      7,670 SF

      1025 Jim Day Rd

      MEDICAL BUILDING • 7,670 SF
      1025 Jim Day Rd, Salem, IN 47167-7217
      View Details
    • Value Estimation
      $375,000
      3,572 SF

      3751 State Rd 60

      MEDICAL BUILDING • 3,572 SF
      3751 State Rd 60, Salem, IN 47167-6487
      View Details
    • Value Estimation
      $570,000
      9,300 SF

      1101 Jim Day Rd

      MEDICAL BUILDING • 9,300 SF
      1101 Jim Day Rd, Salem, IN 47167-5200
      View Details
    • Value Estimation
      $385,000
      2,892 SF

      304 Market St

      MEDICAL BUILDING • 2,892 SF
      304 Market St, Salem, IN 47167-2120
      View Details
    • Value Estimation
      $385,000
      2,813 SF

      804 Jackson St

      MEDICAL BUILDING • 2,813 SF
      804 Jackson St, Salem, IN 47167-1200
      View Details
    • Value Estimation by Request
      1,344 SF

      505 Homer St Ste, Unit 101

      MEDICAL BUILDING • 1,344 SF
      505 Homer St Ste, Salem, IN 47167-1698
      View Details

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    911 Shelby St
    Salem, IN 47167-2304
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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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