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    Property profile & analytics

    104 Cedar Ln Fruitland, MD 21826

    • Strip malls
    • 6,502 SF
    • 0.85 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0060971
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Salon Image / Hair Salon

    Property Details for 104 Cedar Ln

    Year built
    2012
    Lot size
    0.85 lot acres
    Property size
    6,502 SF
    Zone code
    C4
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-015431
    APU
    16015431

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $773,000
      Market price range: $176k - $1.34M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.615
    Latitude
    38.3296
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,497
    $0.00
    $0.00
    $651,367
    -
    $160,800
    $491,300
    $652,100

    Comparable in this City

    • Value Estimation by Request
      31,266 SF

      409 Fruitland Blvd

      Community centers • 31,266 SF
      409 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Value Estimation
      $7,890,000
      85,540 SF

      404 Fruitland Blvd

      MINI-MALL • 85,540 SF
      404 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Value Estimation
      $4,290,000
      31,200 SF

      411 Fruitland Blvd

      MINI-MALL • 31,200 SF
      411 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Value Estimation by Request
      288 SF

      102 Fruitland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 288 SF
      102 Fruitland Blvd, Fruitland, MD 21826-1719
      View Details
    • Value Estimation by Request
      1,800 SF

      213 Fruitland Blvd

      RESTAURANT • 1,800 SF
      213 Fruitland Blvd, Fruitland, MD 21826-1716
      View Details
    • Value Estimation
      $720,000
      12,000 SF

      743 Camden Ave

      AUTO REPAIR, GARAGE • 12,000 SF
      743 Camden Ave, Fruitland, MD 21826-1807
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fruitland Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      104 Cedar Ln, Fruitland, MD 21826
      View Details
    • Contact for pricing
      4.78 Acres

      Fruitland Commercial Land & Buildings

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      Land with Warehouse Buildings

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    • $349,000
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      Development Land Near Route 13

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      Land in Holly Hill Community

      Spacious 0.57-acre lot in desirable Fruitland neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      93,575 SF

      Fruitland Plaza Retail Center

      Prime Fruitland, MD retail space. Multiple suites available.
      206 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • $12 SF/Yr

      Retail Space in Fruitland Plaza

      Retail space available in Fruitland Plaza Shopping Center.
      206 N Fruitland Blvd, Fruitland, MD 21826
      View Details
    • $30,000

      Land and Warehouses in Fruitland

      Land with warehouses available for sale or lease in Fruitland.
      225 Moonglow Rd, Fruitland, MD 21826
      View Details
    • $30,000

      Land with Warehouse Buildings

      Land with warehouse buildings available for sale or lease.
      225 Moonglow Rd, Fruitland, MD 21826
      View Details
    • $2,200 /Mo

      Industrial Property For Rent

      Industrial property available for rent in Fruitland, Maryland.
      28422 Old Eden Rd, Fruitland, MD 21826
      View Details
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    Fruitland, MD 21826
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    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
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