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Property profile & analytics
OFF-MARKET Estimated value $840,000
Strip malls

2420 Salisbury Blvd Salisbury, MD 21801-2189

22,500 SF 2.69 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US40-0935315
Property summary
AI-generated overview

This 1,600 square foot retail or professional space is situated in the vibrant Lotus Plaza Shopping Center on North Route 13 in Salisbury, Maryland. Currently set up as a hair salon, the space features a large open area at the front, a central section with plumbing for two shampoo bowls, two private offices, a storage closet, and a private bathroom. All existing fixtures, furniture, and equipment (FF&E) will be removed prior to occupancy, providing a blank canvas for your business. The property is located in a Class A shopping center with strong national and local tenants including Jersey Mike's Subs, ATI Physical Therapy, Cricket Mobile, and H&R Block, ensuring high visibility and foot traffic. The center benefits from its proximity to the Salisbury Mall, a major retail destination with consistently high traffic counts exceeding 35,000 vehicles per day. Furthermore, the property's location is less than a quarter-mile from the Salisbury Bypass, providing excellent access and convenient commuting for customers and employees. The property sits on a 2.69-acre lot. This prime location offers an exceptional opportunity for a variety of businesses seeking high visibility and convenient access in a thriving retail environment. The space is available immediately.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction BRICK
Total area 22,500 SF
Lot 2.69 ac (117,176 SF)
APN 05-034876
UPID US40-0935315
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
Current use
Occupant on record · Public records
  • Katie Gilbert Physician
  • H&R Block Tax Preparation
  • Arlo Scarlett Salon Hair Salon
  • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
  • Lendmark Financial Services LLC Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$913k
Blend (final) Blend
$840k
Owner & transaction history
Lotus Plaza LLC · 5 yrs held
Lotus Plaza LLC
since 2020
4 recorded transactions
2026
Price N/A
2020
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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