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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
1001 Mt Hermon Rd, Salisbury, MD 21804-5161
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0220669
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
BRICK
Total area
5,260 SF
Lot
0.82 ac (35,632 SF)
Zoning code
LB-I
APN
05-092469
UPID
US40-0220669
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
-
Peninsula Home Care Home Health Care Service
-
Bendler Realty Corporation Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.01M
Owner & transaction history
Phc Building LLC · 11 yrs held
Phc Building LLC
since 2015
5 recorded transactions
Zoning & alternative use
LB-I · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+70.1%
Industrial (general)
$1.1M
+21.3%
Retail stores
$960,000
+9.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +70% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,060,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$850,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10%
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
$192 / 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
$5,889
Tax year 2023
Assessed value
$590,333
Assessed 2023
Previous assessed
$579,100
+1.9% YoY
Effective rate
1.00%
On assessed value
Land market value
$146,200
Improvement market value
$466,600
Total market value
$612,800
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
5,260 SF
Lot
0.82 ac (35,632 SF)
Zoning code
LB-I
APN
05-092469
UPID
US40-0220669
Jurisdiction
WICOMICO
Zoning & alternative use
LB-I · Salisbury, MD
Zoning LB-I · permitted uses
LB-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
OFFICE BUILDING Current
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1984
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Phc Building LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2459 WILKINSON BLVD STE #120, CHARLOTTE, NC 28208-5669
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
The Phc Building LLC
—
Deed
related
$515,000 · First Shore Federal Savings & Loan Assoc
Jun 21, 2018
—
Phc Building LLC
—
Deed
related
$550,000 · Branch Bk&tr
Apr 15, 2015
$545,000
Phc Building LLC
Bendler Randall C
Grant Deed
—
Feb 6, 2002
$524,000
Randall C Bendler Trustee
Williams,j B & Kristen M
Grant Deed
$424,000 · J B & Kristen M Williams
—
—
Phc Building LLC
—
Deed Of Trust
related
$550,000 · Branch Bk&tr
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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