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    Property profile & analytics

    Selma, IN 47383

    • Commercial real estate
    • 4,880 SF
    • 4.13 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Last Sale
    Aug 21, 2023
    Location Intelligence
    Property ID
    US31-2415876
    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

    • Commercial real estate

    Property Details

    Year built
    1988
    Construction
    WOOD
    Lot size
    4.13 lot acres
    Property size
    4,880 SF
    Property type
    Commercial real estate
    APN
    18-16-04-200-007.000-020
    APU
    181604200007000020

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Delaware
    State
    Indiana
    Longitude
    -85.2787
    Latitude
    40.133
    CBSA code
    34620
    CBSA name
    MUNCIE, 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
    $2,528
    $45,000
    $101,500
    $146,500
    -
    $45,000
    $101,500
    $146,500

    Comparable in this City

    • Value Estimation by Request
      128 SF

      Cr 200n

      COMMERCIAL (GENERAL) • 128 SF
      Cr 200n, Selma, IN 47383
      View Details
    • Value Estimation by Request
      912 SF

      Nn Cr 563rd Ee

      COMMERCIAL (GENERAL) • 912 SF
      Nn Cr 563rd Ee, Selma, IN 47383
      View Details
    • Value Estimation by Request

      3011 Whitney Rd

      Land
      3011 Whitney Rd, Selma, IN 47383
      View Details
    • Value Estimation by Request
      12,680 SF

      10201 Jackson St

      COMMERCIAL (GENERAL) • 12,680 SF
      10201 Jackson St, Selma, IN 47383-9540
      View Details
    • Value Estimation by Request
      0.42 Acres

      10200 Adj E Cr 100n

      COMMERCIAL (GENERAL) • 0.42 Acres
      10200 Adj E Cr 100n, Selma, IN 47383
      View Details
    • Value Estimation by Request
      3,069 SF

      Ss Cr 560th Ee

      COMMERCIAL (GENERAL) • 3,069 SF
      Ss Cr 560th Ee, Selma, IN 47383
      View Details

    Similar Nearby for Sale

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      5.83 Acres

      Selma, IN Residential Land

      5.83-acre residential land parcel in rural Selma, Indiana.
      2510 S Whitney Rd, Selma, IN 47383
      View Details
    • $375,000
      7.56 Acres

      Unique Selma Property with Acreage

      7+ acre property with historical cabin and event venue.
      3011 S Whitney Rd, Selma, IN 47383
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    • $189,900
      696 SF

      Selma Duplex with Income Potential

      Investment opportunity: duplex plus single-family home in Selma, Indiana.
      314 S Un St, Selma, IN 47383
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    • $149,900
      0.18 Acres

      Downtown Selma Retail Opportunity

      Turn-key salon or convert to suit your business needs.
      305 S Albany St, Selma, IN 47383
      View Details
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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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