Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Snow Hill Rd Salisbury, MD 21804
    Back to Search
    Property profile & analytics

    Snow Hill Rd Salisbury, MD 21804

    View on Map
    • Land
    • 7.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Snow Hill Rd

    Lot size
    7.50 lot acres
    Property type
    Land

    Description

    This exceptional 7.5-acre commercial land parcel presents a remarkable development opportunity in Salisbury, Maryland. Located at 0 Snow Hill Rd, 21804, this property boasts 270 yards of frontage on highly trafficked Route 12 (Snow Hill Road), ensuring exceptional visibility for any commercial venture. The site benefits from convenient access points via both Johnson Road and Route 12. Further enhancing its appeal, a new traffic light is currently under installation at the Robins Avenue intersection, directly in front of the property, promising increased accessibility and visibility. The property is serviced by public water and sewer, and features shared on-site storm water management, simplifying development logistics. Zoned for General Commercial use, this land is ready for immediate development. With already strong traffic counts, the property's value is poised to increase significantly with the imminent construction of a 220-unit multifamily project just east of Marley Manor and a nearby Assisted Living/Retirement Community. The potential buildable square footage is estimated at 370,260 square feet. This is a rare opportunity to acquire a strategically located, well-connected commercial development site in a thriving Maryland market. The asking price is $1,700,000, representing a land value of $200,000 per acre. Don't miss this chance to secure a prime location for your next commercial project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5462
    Latitude
    38.3192

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      Beaglin Park Dr

      Land • 0.92 Acres
      0 Beaglin Park Dr, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      0.74 Acres

      6500 Deer Pointe Dr

      Individual retail properties • 10,000 SF
      6500 Deer Pointe Dr, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      16.62 Acres

      John Deere Dr

      Land • 16.62 Acres
      0 John Deere Dr, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      1.41 Acres

      Rt. 50 - Ocean Gtwy

      Land • 1.41 Acres
      0 Rt. 50 - Ocean Gtwy, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      2.60 Acres

      Moore Vw Business Park - Summer Dr

      Land • 2.60 Acres
      0 Moore Vw Business Park - Summer Dr, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      55.01 Acres

      30365 Zion Rd

      Land • 55.01 Acres
      30365 Zion Rd, Salisbury, MD 21804
      View Details

    Similar Nearby for Sale

    • $49,999

      Land Available in Salisbury, MD

      Land for sale on Beaglin Park Drive in Salisbury.
      119 Beaglin Park Dr, Salisbury, MD 21804
      View Details
    • Contact for pricing

      Commercial Pad Sites Near Route 50

      Commercial pad sites available near Route 50 in Salisbury, MD.
      307 Civic Ave, Salisbury, MD 21804
      View Details

    Similar Nearby for Lease

    • $525 /Mo

      Fenced Commercial Lot in Salisbury

      Fenced commercial land for rent, ideal for various business uses.
      908 Upshur St, Salisbury, MD 21804
      View Details
    • $3 SF/Yr
      1,600 SF

      College Ave Shoppes Retail Space

      Prime Salisbury retail space, 1600 sq ft.
      720 E College Ave - Unit D | Salisbury, MD 21804, Salisbury, MD 21804
      View Details
    • Contact for pricing

      Renovated Office Space Available Now

      Newly renovated office space featuring an open layout and suites.
      224 Phillip Morris Dr, Salisbury, MD 21804
      View Details
    • Contact for pricing

      Salisbury Office Building For Rent

      Office building in Salisbury, MD, near medical and educational facilities.
      400 Snow Hill Rd, Salisbury, MD 21804
      View Details
    Request Owner's contact information
    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.
    Snow Hill Rd
    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
    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

    Thank You for Inquiry
    Snow Hill Rd, Salisbury, MD, 21804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!