Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    331 Civic Ave, Unit A-B Salisbury, MD 21804

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Restaurant with indoor and outdoor space, includes all FF&E.

    Property Features for 331 Civic Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Brandon Ziska
    Source: Exitrealty

    Listing Agency: Coldwell Banker Realty Listing Agent: Brandon Ziska

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

    Learn more

    Overview

    Seafood Restaurant with Outdoor Space

    This property features a 10,000-square-foot indoor restaurant space, currently operating as Reign Shaking Seafood Restaurant. The interior includes a large bar, a state-of-the-art sound and lighting system, and a stage with an entertainment area. The sale encompasses all furniture, fixtures, and equipment (FF&E) present at the time of sale. The seller invested nearly $800,000 in the buildout. Additionally, there is approximately 5,000 square feet of fenced outdoor space, featuring around 3,000 square feet of concrete pad and seating for over 50 patrons, suitable for outdoor events. Updates have been made to the HVAC system, and all new kitchen equipment was installed at the lease commencement. The interior finishing's include granite, tile, and custom indoor seating. This location is suitable for an entertainment venue.
    Location Intelligence

    Current Use by Public Records

    Reign Restaurant and Bar Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.573712
    Latitude
    38.367029

    Nearby Similar for Sale

    • $380,000
      0.07 Acres

      Prime Medical/Professional Office Space

      Well-located corner unit with ample natural light and recent upgrades.
      560 Riverside Drive Ext, 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
    • $199,900
      980 SF

      High-Visibility Salisbury Office Building

      Well-positioned office building with high traffic and flexible zoning.
      111 Naylor St, Salisbury, MD 21804
      View Details
    • $2,950,000
      14,800 SF

      Retail/Office Facility in Salisbury, MD

      14,800 SF retail/office facility on 2.02 acres for sale.
      1316 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $250,000
      0.07 Acres

      Downtown Salisbury Retail/Office Space

      Retail or office space in downtown Salisbury, Maryland.
      224 Main St, Salisbury, MD 21801
      View Details
    • $300,000
      1,832 SF

      Remodeled Victorian Duplex: Income Ready

      Income-producing Salisbury duplex with updated units and furnishings.
      810 N Division St, Salisbury, MD 21801
      View Details
    • New
      $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
    • $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
    • $312,000
      0.35 Acres

      Multi-Family Home in Salisbury, MD

      Multi-family home with ample parking in Salisbury, Maryland.
      208 W Isabella 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
    • $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
    • $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

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with indoor and outdoor space, includes all FF&E.
    Where is this conventional restaurant located?
    The property is located at 331 Civic Ave, Unit A-B Salisbury, MD.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Fully Equipped Restaurant: Includes all Furniture, Fixtures, and Equipment (FF&E).; - Substantial Buildout Investment: Seller invested nearly $800k.; - Large Indoor Space: 10,000 sq ft with a large bar, state-of-the-art sound & lighting system, and stage.
    (410) 742-8151
    Request Owner's contact information
    331 Civic Ave, Unit A-B 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.
    331 Civic Ave, Unit A-B
    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
    331 Civic Ave, Unit A-B 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
    Brandon Ziska
    (410) 742-8151 (443) 880-1273 (410) 543-4545
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!