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Property profile & analytics
FOR LEASE
Retail space
107 W Main St, Salisbury, MD 21801
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-2307806
For Lease
1 / 2
$2,495/Mo
107 W Main St, Salisbury, MD 21801
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1892
Construction
BRICK
Total area
1,512 SF
Lot
0.06 ac (2,621 SF)
Zoning code
CBD
APN
09-055371
UPID
US40-2307806
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
-
Denis P Casey Pa Law Firm
-
Tony Weeg Photography (Bike/Boat/Book/etc) Store Photography Service
-
Blackwater Apothecary Metaphysical Supply Store
-
Insta Junk Removal & Demolition LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Center City Investments LLC · 6 yrs held
Center City Investments LLC
since 2020
Last sale
$239,600
2 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,274
Tax year 2023
Assessed value
$228,000
Assessed 2023
Previous assessed
$216,500
+5.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$39,300
Assessed improvement
$188,700
Land market value
$39,300
Improvement market value
$188,700
Total market value
$228,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1892
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
1,512 SF
Lot
0.06 ac (2,621 SF)
Zoning code
CBD
APN
09-055371
UPID
US40-2307806
Jurisdiction
WICOMICO
Zoning & alternative use
CBD · Salisbury, MD
Zoning CBD · permitted uses
CBD · 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
1892
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Center City Investments LLC
Entity
Mailing address
PO BOX 405, SALISBURY, MD 21803-0405
Ownership since
2020
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
Apr 22, 2020
$239,600
Center City Investments LLC
Purnell Realty
Deed
$960,200 · Hebron Savings Bank
Sep 21, 2006
$4,000
Center City Invesments LLC
Purnell John R
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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