Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 Cedar Xing Salisbury, MD 21804

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $11,950,000

    Student housing portfolio near Salisbury University with assumable debt.

    Lot size:
    0.08 Acres

    Property Features for 101 Cedar Xing

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    William Rinnier
    Source: Elliman

    Listing Agent: William Rinnier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Student Housing Portfolio For Sale

    Cedar Crossing is a student housing portfolio comprised of 58 individual units with a total of 228 bedrooms. Constructed in 1999, the wood-frame buildings feature vinyl siding and asphalt shingles. Interior finishes include vinyl wood, carpet, and vinyl tile flooring. Each unit is equipped with a complete kitchen including a refrigerator, dishwasher, and stove, as well as laminate and cultured marble countertops in the kitchens and bathrooms. Washers and dryers are included in all units. The properties are located within walking distance of the Salisbury University campus and across the street from the football stadium and other sports fields. There is potential to add amenities. The current rental rates are lower than most competitors. Addresses include 101-207 Cedar Crossing Rd.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5974343
    Latitude
    38.3436446

    Nearby Similar for Sale

    • $1,500,000
      2,544 SF

      Exceptional Horse Farm with Income

      Meticulously maintained horse farm with strong income-generating potential.
      31191 Johnson Rd, Salisbury, MD 21804
      View Details
    • $330,000
      1,736 SF

      Salisbury Duplex in Historic District

      Duplex in Salisbury's historic district, ideal for investment.
      231 Newton St, Salisbury, MD 21801
      View Details
    • $550,000
      0.08 Acres

      Salisbury MD NNN Investment Opportunity

      Single-tenant NNN investment property leased to Amedisys (Homecall).
      1205 Pemberton Dr, Salisbury, MD 21801
      View Details
    • $3,250,000
      2.02 Acres

      Retail Facility in Salisbury, MD

      14,800 SF retail building on 2.02 acres for sale.
      1316 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $275,000
      0.07 Acres

      Downtown Salisbury Retail/Office Space

      Retail/office space in downtown Salisbury, previously a medical office.
      224 Main St, Salisbury, MD 21801
      View Details
    • $990,000
      0.19 Acres

      Historic Office Building on Plaza

      Two-story, 12,700 sq ft office building in downtown Salisbury.
      201 W Main St, Salisbury, MD 21801
      View Details
    • $300,000

      Medical/Professional Office Near Hospital

      2,062 SF office space in Salisbury, MD for sale.
      145 E Carroll St, Salisbury, MD 21801
      View Details
    • $199,900

      Medical/Professional Office For Sale

      1,125 sqft medical/professional office in The Milford Professional Center.
      106 Milford St, Salisbury, MD 21804
      View Details
    • $175,000

      Turnkey Office Space For Sale

      Well-maintained office unit with modern renovations and flexible occupancy.
      560 Riverside Drive Ext, Salisbury, MD 21801
      View Details
    • $289,990

      Spacious Townhome with Updated Features

      End-unit townhome with modern updates and maintenance-free living.
      224 Canal Park Dr, Salisbury, MD 21804
      View Details
    • $264,990
      2,692 SF

      Spacious Townhome in Waterside Landing

      Three-bedroom townhome with finished basement, maintenance-free living, and pond views.
      224 Canal Park Dr, Salisbury, MD 21804
      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

    FAQs

    What type of property is this?
    Apartment building - Student housing portfolio near Salisbury University with assumable debt.
    Where is this apartment building located?
    The property is located at 101 Cedar Xing Salisbury, MD.
    What is the asking price?
    The asking price for this property is $11,950,000.
    What are key features of this property?
    This property features: - Prime location within walking distance to Salisbury University campus and across the street from the football stadium and sports fields.; - Attractive assumable debt is available.; - Portfolio of 58 units with a total of 228 bedrooms.
    (410) 742-8151
    Request Owner's contact information
    101 Cedar Xing Salisbury, MD 21804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Cedar Xing
    Salisbury, MD 21804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    101 Cedar Xing Salisbury, MD 21804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Rinnier
    (410) 742-8151
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.