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    Kelly Jeter, Salisbury, MD

    License ID: 666318
    SVN |Miller Commercial Real Estate
    Years of Experience
    4

    Service Locations

    Contact details

    Phone:
    (410) 543-2440

    Property Types

    • Land

    Performance

    Listings
    39
    Total transactions
    6
    Total transactions amount
    $7M
    Price range
    $778k - 1.8M
    Average price
    $1.2M

    Listings

    For Sale (30)

    View map
    • $747,350
      149.47 Acres

      149.47 Acres of Agricultural Land

      149.47 acres of agricultural land in Wicomico County, Maryland.
      Bob Smith Rd, Parsonsburg, MD 21849
      View Details
    • Contact for pricing
      13,400 SF

      Warehouse/Office Space in Northwood Park

      13,400 SF warehouse/office unit available in July 2025.
      2020-2040 Shipley Dr, Salisbury, MD 21801
      View Details
    • $6,500,000
      21 SF

      21.15 Acres Redevelopment Opportunity

      21.15 acres with redevelopment potential in West Ocean City, Maryland.
      12741 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $350,000
      9,308 SF

      Freestanding Warehouse on Parsons Rd

      9,308 SF warehouse with loading dock and fenced yard.
      1123 Parsons Rd, Salisbury, MD 21801
      View Details
    • Contact for pricing
      16 SF

      Salisbury Land Parcel For Sale

      16.62 acre parcel zoned Mixed Use Non-Residential in Salisbury.
      John Deere Dr, Salisbury, MD 21804
      View Details
    • $100,000
      14 SF

      Commercial Parcels Near Route 13

      Commercial land ripe for development with access to public utilities.
      404 Seashore Hwy & Tatman Farm Rd, Bridgeville, DE 19933
      View Details
    • Contact for pricing
      52,432 SF

      Retail Plaza in Salisbury Development

      Retail space available in Salisbury's growing development area.
      501-801 E Naylor Mill Rd, Salisbury, MD 21804
      View Details
    • Contact for pricing
      1 SF

      Commercial Land on US Route 13

      1.08 acre commercial land with high visibility and access.
      8976 Ocean Hwy, Westover, MD 21871
      View Details
    • $225,000
      1 SF

      North Salisbury Retail Pad Site

      Retail pad site in North Salisbury corridor, over an acre.
      East North Pointe Dr, Salisbury, MD 21804
      View Details
    • $175,000
      2 SF

      Industrial Land in Northwood Park

      2.19 acres of I-2 Heavy Industrial land for sale.
      Leonard Ln, Salisbury, MD 21801
      View Details
    • Contact for pricing
      81,765 SF

      Mixed-Use Complex with Highway Frontage

      Office, flex, and warehouse spaces available in Salisbury, Maryland.
      799 North Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $990,000
      16 SF

      16.5 Acres Heavy Industrial Land

      16.5 acres of industrial land for sale in Cambridge, MD.
      Church Creek Rd, Cambridge, MD 21613
      View Details
    • $30,000
      4 SF

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      1630 Westwood Dr, Salisbury, MD 21801
      View Details
    • Contact for pricing
      8,525 SF

      New Salisbury Retail/Office Development

      New retail/office development with pad site and high-speed internet.
      1485 Still Meadow Blvd, Salisbury, MD 21804
      View Details
    • Contact for pricing
      285 SF

      Federalsburg Farmland Lease Opportunity

      Farmland portfolio available for lease in Federalsburg, Maryland.
      Tillable Farmland For Lease 0 |, Federalsburg, MD 21632
      View Details
    • $2,900,000
      37,800 SF

      Harrington Industrial Facility on 9.1 Acres

      37,800 SF industrial facility on 9.1 acres for sale.
      53 Cluckey Dr, Harrington, DE 19952
      View Details
    • $1,495,000
      27,465 SF

      Salisbury Manufacturing and Distribution Warehouse

      27,465 SF warehouse on 4 acres in Salisbury, MD.
      818 Brown St, Salisbury, MD 21804
      View Details
    • $1,085,400

      Westwood Commerce Park Land Opportunity

      Land available in Westwood Commerce Park with flexible lot sizes.
      West Rd, Salisbury, MD 21801
      View Details
    • $428,700

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      Naylor Mill Rd, Salisbury, MD 21804
      View Details
    • $936,000

      Westwood Commerce Park Land Opportunity

      Flexible commercial land lots available in Westwood Commerce Park.
      1876 International Dr, Salisbury, MD
      View Details
    • $310,500

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes in established Westwood Commerce Park.
      1885 International Dr, Salisbury, MD
      View Details
    • $513,000

      Commercial Land in Westwood Commerce

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      1824 International Dr, Salisbury, MD
      View Details
    • $296,250

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      1795 Westwood Dr, Salisbury, MD 21801
      View Details
    • $262,200

      Commercial Land in Westwood Commerce

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      28594 Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • Contact for pricing

      Prime Land Development Opportunity

      Highly visible lots with flexible subdivision options available.
      John Deere Dr, Salisbury, MD 21804
      View Details
    • $525,200

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      1865 West Rd, Salisbury, MD 21801
      View Details
    • $262,200

      Commercial Land in Westwood Commerce

      Flexible commercial land opportunity in Salisbury's Westwood Commerce Park.
      1813 International Dr, Salisbury, MD
      View Details
    • $255,300

      Commercial Land in Westwood Commerce

      Flexible commercial land lots with city utilities and build-to-suit options.
      1863 International Dr, Salisbury, MD
      View Details
    • $197,250

      Westwood Commerce Park Land Opportunity

      Flexible lot sizes with city utilities in Westwood Commerce Park.
      1945 Exchange Ct, Salisbury, MD
      View Details
    • $2,900,000

      Harrington Industrial Facility on 9.1 Acres

      36,000 SF industrial facility with expansion potential in Delaware.
      53 Cluckey Dr, Harrington, DE 19952
      View Details

    For Lease (9)

    View map
    • $2,377 /Mo

      Office Space in Salisbury, MD

      2,387 SF office space available for lease in Salisbury.
      601 E Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • $12 SF/Yr

      Salisbury Commercial Space For Lease

      3,000 SF commercial space in Mill Pond Village Plaza.
      801 E Naylor Mill Rd, Salisbury, MD 21804
      View Details
    • $1,771 /Mo
      2,500 SF

      Office/Manufacturing Space For Lease

      2,500 SF office/manufacturing space available for lease.
      2040 Shipley Dr, Salisbury, MD 21801
      View Details
    • $1,500 /Mo
      3,800 SF

      Office/Retail Space on Snow Hill

      Office/retail space available for lease on Snow Hill Road.
      606 Snow Hill Rd, Salisbury, MD 21804
      View Details
    • $4 SF/Yr
      1,914 SF

      Salisbury Flex Space Available

      Flex space in Salisbury, MD, with convenient access to Route 13.
      622 Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • $11 SF/Yr
      3,000 SF

      Retail and Office Space Available

      Retail/office space in bustling plaza near Route 13 and mall.
      701 E Naylor Mill Rd, Salisbury, MD 21804
      View Details
    • $20 SF/Yr
      3,000 SF

      Retail Pad Site with Drive-Thru

      Retail pad site with drive-thru potential in Salisbury, MD.
      504 Coventry Ln, Salisbury, MD
      View Details
    • $7 SF/Yr

      Warehouse/Distribution Space Available

      13,400 SF office/warehouse unit for lease in Salisbury, MD.
      2030 Shipley Dr, Salisbury, MD 21801
      View Details
    • $718 /Mo

      Warehouse Space with Overhead Doors

      1,914 SF warehouse space with two grade-level doors.
      620 Naylor Mill Rd, Salisbury, MD 21801
      View Details

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    Kelly Jeter, Salisbury, MD
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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