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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Warehouses
510 Ww Rd, Salisbury, MD 21801-3550
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0220438
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,700 SF
Lot
16.21 ac (706,108 SF)
Zoning code
I
APN
09-003290
UPID
US40-0220438
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
-
Eagle Recycling LLC Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.30M
Owner & transaction history
Dynamic Development LLC · 3 yrs held
Dynamic Development LLC
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
I · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+31.7%
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
$1,705,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,580,000
Current use
COMMERCIAL (GENERAL)
$2,085,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.30M (Sep 9 2022)
Last sale anchor
$1.30M
Sep 9 2022
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
$102 / 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
$7,863
Tax year 2023
Assessed value
$788,300
Assessed 2023
Previous assessed
$788,133
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$786,300
Assessed improvement
$2,000
Land market value
$786,300
Improvement market value
$2,000
Total market value
$788,300
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
20
Stories
1
Units
22
Total area
12,700 SF
Lot
16.21 ac (706,108 SF)
Zoning code
I
APN
09-003290
UPID
US40-0220438
Jurisdiction
WICOMICO
Zoning & alternative use
I · Salisbury, MD
Zoning I · permitted uses
I · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
20
Units
22
Lot
16.21 ac
Current owner
From public records · entity-resolved
Dynamic Development LLC
Entity
Mailing address
318 W CARROLL ST STE 2B, SALISBURY, MD 21801-5305
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
$1,300,000
Dynamic Development LLC
Fermin C Cobian
Deed
$1,000,000 · Agricultural Life & Labor Research
Sep 17, 2002
$200,000
Fermin C Cobian
Mountaire Farms INC
Grant Deed
$300,000 · Farmers Bank Of Willards
—
—
Fermin C Cobian
—
Deed Of Trust
related
$108,240 · Farmers Bank Of Willards
—
—
Fermin C Cobian
—
Deed Of Trust
related
$200,000 · Farmers Bank Of Willards
—
—
Fermin C Cobian
—
Deed Of Trust
related
$94,509
—
—
Fermin C Cobian
—
Deed Of Trust
related
$100,000 · Farmers Bank Of Willards
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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