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Property profile & analytics
FOR LEASE
Strip malls
200 Cypress St Salisbury, MD 21801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2288424
For Lease
1 / 4
$3,500,000
200 Cypress St, Salisbury, MD 21801
View Listing →
Property summary
AI-generated overview
This exceptional 9,577-square-foot warehouse in Salisbury, Maryland, offers multiple divisible units ranging from 1,177 to 6,000 contiguous square feet. Currently fully vacant and available November 1, 2024, this standalone building boasts ample parking for 15+ vehicles. The property features six offices, a conference room, a kitchenette, and two restrooms. Its strategic location just off US Route 50 ensures easy access to major transportation routes. The building enjoys a highly desirable location directly across from the Twilley Shopping Center and within minutes of the Wicomico Convention Center, Wicomico High School, the Salisbury Zoo, and the upcoming "Old Mall" multi-family redevelopment project. Proximity to downtown Salisbury and numerous restaurants and businesses in East Salisbury adds to its appeal. This is a Modified Gross Lease
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
BRICK
Total area
8,007 SF
Lot
14.15 ac (616,374 SF)
Zoning code
GC
APN
09-053905
UPID
US40-2288424
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Opportunity Street LLC · 2 yrs held
Opportunity Street LLC
since 2024
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$2,295,000
6.5%
$2,120,000
7%
$1,965,000
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Jan 4 2024)
Last sale anchor
$3.50M
Jan 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$437 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,919
Tax year 2023
Assessed value
$2,798,900
Assessed 2023
Previous assessed
$2,798,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$574,000
Assessed improvement
$2,224,900
Land market value
$574,000
Improvement market value
$2,224,900
Total market value
$2,798,900
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Units
8
Total area
8,007 SF
Lot
14.15 ac (616,374 SF)
Zoning code
GC
APN
09-053905
UPID
US40-2288424
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MD
Zoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Units
8
Lot
14.15 ac
Current owner
From public records · entity-resolved
Opportunity Street LLC
Entity
Mailing address
150 W MARKET ST STE #101, SALISBURY, MD 21801-5138
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$3,500,000
Opportunity Street LLC
Sms Real Estate LLC
Deed
$3,797,130 · Hebron Savings Bank
Nov 19, 2003
$1,845,000
Sms Real Estate LLC
Dp 4 LLC
Grant Deed
$2,240,000 · Wilmington Trust Co
—
—
Sms Real Estate LLC
—
Deed Of Trust
related
$2,200,000 · M & T Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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