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    Property profile & analytics

    115 Division St Salisbury, MD 21801-4928

    • Office buildings
    • 7,680 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1027186
    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

    • Salisbury Pride Parade and Festival / Festival
    • Downtown Salisbury Visitor Center / Tourist Information Center
    • Maryland Folk Festival / Festival
    • Daily Times / News Service / E-Commerce Service

    Property Details for 115 Division St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.32 lot acres
    Property size
    7,680 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    05-026172
    APU
    5026172

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6002
    Latitude
    38.3643
    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
    $7,281
    $0.00
    $0.00
    $729,900
    -
    $124,800
    $606,500
    $731,300

    Comparable in this City

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      9,072 SF

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    • Value Estimation by Request
      1,204 SF

      1308 Division St

      OFFICE BUILDING • 1,204 SF
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      1,050 SF

      2312 Allen Dr

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      512 SF

      114 Baptist St

      OFFICE BUILDING • 512 SF
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      300 Main St

      OFFICE BUILDING • 2,052 SF
      300 Main St, Salisbury, MD 21801-4925
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      4,696 SF

      602 Salisbury Blvd

      OFFICE BUILDING • 4,696 SF
      602 Salisbury Blvd, Salisbury, MD 21801-4154
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      17,000 SF

      Professional Office Space For Sale

      Custom office space available in Salisbury, Maryland for sale.
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    • $218,000

      Two-Story Building Near Downtown

      Two-story building with separate entries, close to downtown.
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    • $990,000
      0.19 Acres

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    Similar Nearby for Lease

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      224 Main St, Salisbury, MD 21801
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    • $2,377 /Mo

      Office Space in Salisbury, MD

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    • $700 /Mo
      15,214 SF

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      Conveniently located office space with ample parking and renovation potential.
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    • $450 /Mo

      Downtown Office Space For Lease

      Single office in shared building with communal amenities, available now.
      200 E Church St E, Salisbury, MD 21801
      View Details
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    115 Division St
    Salisbury, MD 21801-4928
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    Realmo Value Estimation

    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.

    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.

    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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