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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Outlet malls
1005 Snow Hl Rd Salisbury, MD 21804-2397
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1853998
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Total area
8,320 SF
Lot
1.05 ac (45,738 SF)
Zoning code
GC
APN
08-047294
UPID
US40-1853998
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.23M
Owner & transaction history
Fd Retail Properties LLC · 9 yrs held
Fd Retail Properties LLC
since 2017
2 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.4M
+55.4%
Industrial (general)
$1.7M
+10.8%
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%
$2,925,000
6.5%
$2,700,000
7%
$2,505,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,515,000
Current use
AUTO REPAIR, GARAGE
$2,355,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,680,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$1,385,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,350,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$268 / 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
$18,922
Tax year 2023
Assessed value
$1,896,900
Assessed 2023
Previous assessed
$1,936,700
-2.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$353,500
Assessed improvement
$1,543,400
Land market value
$353,500
Improvement market value
$1,543,400
Total market value
$1,896,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,320 SF
Lot
1.05 ac (45,738 SF)
Zoning code
GC
APN
08-047294
UPID
US40-1853998
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MDZoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of the potential impact of these types of activities, special landscaping and screening requirements are established for certain use
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2016
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Fd Retail Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
10401 MONROE RD, MATTHEWS, NC 28105-5349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2017
$2,027,664
Fd Retail Properties LLC
Hres Investments 11 LLC
Grant Deed
—
Sep 18, 2015
$355,000
Hres Investments 11 LLC
Jwc Johnson Road LLC
Grant Deed
$1,624,000 · Bank Of Tampa
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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