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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Strip malls
104 Cedar Ln, Fruitland, MD 21826-1753
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-0060971
Property summary
AI-generated overview
This exceptional retail or restaurant space is ideally situated at 104 W Cedar Lane, Unit 400, in Fruitland, Maryland. Boasting a highly visible location just off Route 13 (Salisbury Boulevard - Ocean Highway) and W Cedar Lane, this property benefits from significant daily traffic and excellent exposure to potential customers. The space is currently configured for retail or restaurant use, making it an attractive opportunity for a variety of businesses. The annual lease rate is $21,000, plus NNN charges. Further details regarding the specific square footage and any included amenities are available upon request. This prime location offers unparalleled access to a thriving community and presents a unique chance to establish or expand a successful business. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property's strategic placement ensures high visibility and accessibility, making it an ideal location for a business seeking strong foot traffic and convenient access for customers. Don't miss out on this chance to secure a prominent retail space in a desirable location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Total area
6,502 SF
Lot
0.85 ac (37,027 SF)
Zoning code
C4
APN
16-015431
UPID
US40-0060971
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
-
Salon Image Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$775k
Owner & transaction history
Cedar Crossing LLC · 9 yrs held
Cedar Crossing LLC
since 2017
5 recorded transactions
Zoning & alternative use
C4 · Fruitland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+43.2%
Restaurant
$1.1M
+32.4%
Office building
$1.0M
+28.4%
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 Fruitland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruitland 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
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Current use
MEDICAL BUILDING
$1,135,000
Change: +43% · Conversion: Difficult
RESTAURANT
$1,050,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,015,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$950,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$720,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$119 / 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
$6,497
Tax year 2023
Assessed value
$651,367
Assessed 2023
Previous assessed
$650,633
+0.1% YoY
Effective rate
1.00%
On assessed value
Land market value
$160,800
Improvement market value
$491,300
Total market value
$652,100
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2012
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
6,502 SF
Lot
0.85 ac (37,027 SF)
Zoning code
C4
APN
16-015431
UPID
US40-0060971
Jurisdiction
WICOMICO
Zoning & alternative use
C4 · Fruitland, MD
Zoning C4 · permitted uses
C4 · Fruitland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fruitland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$790,000
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$775,000
INDUSTRIAL (GENERAL)
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2012
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Cedar Crossing LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1147 S SALISBURY BLVD STE #8, SALISBURY, MD 21801-6865
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2017
$1,100,000
Cedar Crossing LLC
Temco Investments LLC
Deed
—
May 9, 2012
$72,600
Temco Invs LLC
Davis,wilson E
Grant Deed
—
Jun 30, 2005
$380,000
Wilson E Davis
Mezick,newton C & Lillian H
Grant Deed
$372,800 · Hebron Savings Bank
—
—
Temco Invs LLC
—
Deed Of Trust
related
$1,088,000 · Hebron Savings Bank
—
—
Temco Invs LLC
—
Deed Of Trust
related
$156,000 · Hebron Savings Bank
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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