Property profile

119 College Ave Salisbury, MD 21804

OFF-MARKET
Community centers
Property ID
US40-1524111
7,800 SF 1.06 ac lot Built 1998
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,800 SF
Lot 1.06 ac (46,174 SF)
Zoning code GC
APN 13-023301
UPID US40-1524111

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Post Office Logistics Service
  • Medical Clinic
  • Restaurant

Location

119 College Ave Salisbury, MD 21804-6924
Salisbury metro Census 500 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.00M

Owner & transaction history

since 2023
Last sale
$14.2M
4 recorded transactions
2023
$14.2M
2022
Price N/A
2015
$8.5M
2013
$3.5M

Zoning & alternative use

GC · Salisbury, MD
Zoning description

The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate p…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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