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    Property profile & analytics

    116 Ward St Salisbury, MD 21804-5031

    • Drive through restaurants
    • 2,625 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-0125235
    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

    • Arby's / Fast Food Restaurant / American Restaurant
    • Arbys Regional Offices / Corporate Office

    Property Details for 116 Ward St

    Year built
    1983
    Construction
    BRICK
    Lot size
    0.75 lot acres
    Property size
    2,625 SF
    Zone code
    GC
    Property type
    Drive through restaurants
    APN
    05-022843
    APU
    5022843

    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
    -75.5914
    Latitude
    38.3669
    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
    $5,628
    $0.00
    $0.00
    $564,167
    -
    $452,700
    $112,600
    $565,300

    Comparable in this City

    • Value Estimation by Request
      3,899 SF

      298 Tilghman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,899 SF
      298 Tilghman Rd, Salisbury, MD 21804-1921
      View Details
    • Value Estimation by Request
      1,755 SF

      301 Carroll St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,755 SF
      301 Carroll St, Salisbury, MD 21804-5505
      View Details
    • Value Estimation
      $2,770,000
      2,785 SF

      31942 Summer Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,785 SF
      31942 Summer Dr, Salisbury, MD 21804-1678
      View Details
    • Value Estimation
      $430,000
      1,575 SF

      1025 Eastern Shr Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,575 SF
      1025 Eastern Shr Dr, Salisbury, MD 21804-6463
      View Details
    • Value Estimation by Request
      2,202 SF

      294 Tilghman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,202 SF
      294 Tilghman Rd, Salisbury, MD 21804
      View Details
    • Value Estimation by Request
      2,730 SF

      307 Tilghman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,730 SF
      307 Tilghman Rd, Salisbury, MD 21804-1920
      View Details

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    Similar Nearby for Lease

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      3,200 SF

      Turn Key Drive Thru Opportunity

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    • $15 SF/Yr

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      Freestanding Retail/Office Building on Route 13

      Prime retail/office space with drive-through, high visibility, and ample parking.
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    • $1,467 /Mo
      162,043 SF

      Retail Space in Salisbury, MD

      1,600 sq ft retail space in a desirable location.
      720 E College Ave, Salisbury, MD 21804
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    Property Visit Statistics

    • Visits by month
      16.2k
    • Visitors by month
      10.9k
    • Avg Time on site
      13 min
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    116 Ward St
    Salisbury, MD 21804-5031
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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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