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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Apartment buildings
105 Winterborn Ln Salisbury, MD 21804-2037
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1029697
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD
Total area
6,223 SF
Lot
15.2 ac (662,112 SF)
Zoning code
LI
APN
13-005516
UPID
US40-1029697
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
-
The Willows at Salisbury Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.76M
Owner & transaction history
Salisbury Lihtc LLC · 3 yrs held
Salisbury Lihtc LLC
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
LI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,495,000
ML approach
$4,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $4.70M (Apr 12 2023)
Last sale anchor
$4.70M
Apr 12 2023
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
$765 / 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
$25,587
Tax year 2023
Assessed value
$2,565,100
Assessed 2023
Previous assessed
$2,565,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,064,000
Assessed improvement
$1,501,100
Land market value
$1,064,000
Improvement market value
$1,501,100
Total market value
$2,565,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
HEAT PUMP
Buildings
17
Stories
1
Units
96
Total area
6,223 SF
Lot
15.2 ac (662,112 SF)
Zoning code
LI
APN
13-005516
UPID
US40-1029697
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Salisbury, MD
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
17
Units
96
Lot
15.2 ac
Current owner
From public records · entity-resolved
Salisbury Lihtc LLC
Entity
Mailing address
5 POWELL LN, COLLINGSWOOD, NJ 08108-1945
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Federal Home Loan Mortgage Cor
—
Deed
related
$8,310,000
Dec 23, 2025
—
Salisbury Lihtc LLC
—
Deed
related
$8,310,000 · Wilmington Trust NA
Apr 12, 2023
$4,700,000
Salisbury Lihtc LLC
Salisbury Commons Limited Partnersh
Deed
—
Apr 20, 2020
—
Salisbury Commons
—
Deed
related
$2,186,535 · Private Individual
Oct 8, 2002
—
Salisbury Commons LP
Chandler,gary L
Grant Deed
$600,000 · Lend Lease Real Estate Inv INC
—
—
Salisbury Commons LP
—
Deed Of Trust
related
$2,890,000 · Massachusetts Mutual Life Ins
—
—
Salisbury Commons
—
Deed Of Trust
related
$2,186,535 · Private Individual
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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