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Financial
Distress signals
Property profile

108 Cherry St Salisbury, MD 21801

FOR SALE
Other commercial real estate
Property ID
US40-0132919
9,100 SF 0.38 ac lot Built 2015
Last sale Feb 2019 · $360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Industrial property located in Salisbury, Maryland, featuring a combined warehouse and office layout. The facility totals 39,000 square feet and is equipped with a professionally installed low-voltage cable plant throughout, supporting communications and monitoring/entertainment systems including telephone, data, CCTV, Wi‑Fi, and audio-visual capabilities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$490
Tax billed · 2023
Assessed value$49k
Effective rate1.00%

Value estimate

· Oct 2026
$870k
$783k – $957k
Submarket $/SF estimate$741k
NOI build-up
Gross scheduled income$351k
Vacancy & credit loss−$35k
Operating expenses−$95k
NOI · 18.58% cap applied$221k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$164/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$81 – $333

Cap rate analysis

How does the asset earn?
18.58%
$221k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, ...
General categoryINDUSTRIAL
JurisdictionWICOMICO

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center9.7
Tailor Shop9.3
Furniture Store8.2

Location

108 Cherry St Salisbury, MD 21801
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
313 Lk, Salisbury, MD 21801 $227,000 Jan 2025 7,320 SF
404 Ml, Salisbury, MD 21801-4243 $200,000 Jul 2024 12,349 SF
2214 Zion, Salisbury, MD 21801-2229 $100,000 May 2024 2,016 SF
1724 Salisbury, Salisbury, MD 21801-3312 $140,000 Jun 2022 1,563 SF
1504 Northwood, Salisbury, MD 21801 $3,125,900 Oct 2021 5,516 SF
1500 Pemberton, Salisbury, MD 21801-2545 $625,000 Mar 2020 2,672 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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