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    Property profile & analytics

    S-sd Of State Rd 56th E Sd Ml St St St Salem, IN 47167

    • Retail space
    • 1,950 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US31-3003120
    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

    • Retail space

    Property Details for S-sd Of State Rd 56th E Sd Ml St St St

    Year built
    1961
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.25 lot acres
    Property size
    1,950 SF
    Property type
    Retail space
    APN
    88-24-17-331-038.000-022
    APU
    882417331038000022

    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
    -86.1037
    Latitude
    38.6081
    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
    $2,244
    $32,700
    $42,100
    $74,800
    -
    $32,700
    $42,100
    $74,800

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      6049 Washington School Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,360 SF
      6049 Washington School Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      1,100 SF

      101 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      101 Jackson St, Salem, IN 47167-1031
      View Details
    • Value Estimation
      $435,000
      2,205 SF

      Ss Sd S Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 2,205 SF
      Ss Sd S Jackson St, Salem, IN 47167
      View Details
    • Value Estimation
      $485,000
      6,980 SF

      811 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,980 SF
      811 Main St, Salem, IN 47167-1043
      View Details
    • Value Estimation
      $440,000
      6,000 SF

      400 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      400 Main St, Salem, IN 47167-1324
      View Details
    • Value Estimation
      $500,000
      9,301 SF

      1100 Mulberry St

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      1100 Mulberry St, Salem, IN 47167-1530
      View Details

    Similar Nearby for Sale

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      Prime Salem location, 3548 sq ft, 1.14 acres.
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    • $120,000
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      High-Traffic Salem Retail Space

      Prime commercial space, high visibility, excellent location.
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      Prime Downtown Retail Space, Huge Potential
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    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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