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Property profile & analytics
OFF-MARKET
Distribution properties
109 Salisbury Blvd, Salisbury, MD 21801-4934
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1108868
Property summary
AI-generated overview
This 1,785-square-foot freestanding warehouse building in Wicomico County, Maryland, presents a unique opportunity for lease or purchase. Built in 1940, this single-story structure is zoned GC and offers a single tenancy. Previously used as a tire shop and automotive garage, the property boasts two convenient garage bay doors and a dedicated office space. Located on busy Route 13, directly across from the vibrant downtown Salisbury area, this property benefits from exceptionally high vehicular and pedestrian traffic counts. The asking lease rate is $2,200 per month gross, AS-IS. The owner is open to build-to-suit options to meet specific tenant needs. Alternatively, the property is available for purchase at $650,000. This prime Salisbury location offers a significant value-add investment opportunity for savvy entrepreneurs and investors alike. Its proximity to downtown Salisbury ensures excellent visibility and accessibility. Serious inquiries are encouraged.
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
1940
Construction
BRICK
Total area
1,785 SF
Lot
0.88 ac (38,148 SF)
Zoning code
GC
APN
05-008875
UPID
US40-1108868
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
-
M D Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
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
Nishith Brahmbhatt · 1 yrs held
Nishith Brahmbhatt
since 2025
5 recorded transactions
Zoning & alternative use
GC · 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
$2,272
Tax year 2023
Assessed value
$227,733
Assessed 2023
Previous assessed
$227,300
+0.2% YoY
Effective rate
1.00%
On assessed value
Land market value
$220,300
Improvement market value
$8,300
Total market value
$228,600
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
1,785 SF
Lot
0.88 ac (38,148 SF)
Zoning code
GC
APN
05-008875
UPID
US40-1108868
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MD
Zoning GC · permitted uses
GC · 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
1940
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Nishith Brahmbhatt
Individual
Free & Clear · 1 yrs held
Mailing address
9135 CLUBHOUSE DR, DELMAR, MD 21875-2364
Ownership since
2025
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 13, 2025
—
Nishith Brahmbhatt
Yogeshkumar K Barot
Deed
—
Sep 23, 2014
$220,000
Om Namah Shiva INC
Phoebus,barbara A
Grant Deed
—
Jul 28, 2006
—
Michael W Phoebus
Phoebus,barbara A
Quit Claim Deed
related
—
—
—
Barbara Phoebus
—
Deed Of Trust
related
$250,000 · First Mariner Bank
—
—
Barbara Phoebus
—
Deed Of Trust
related
$220,000 · Carrollton 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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