Property profile

1205 Parsons Rd Salisbury, MD 21801

OFF-MARKET
Drive through restaurants
Property ID
US40-0472835
3,838 SF 1.44 ac lot Built 2002
Entity Owned 25-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,838 SF
Lot 1.44 ac (62,726 SF)
Zoning code NB
APN 09-012524
UPID US40-0472835

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 Take-out & Catering
  • Restaurant

Location

1205 Parsons Rd Salisbury, MD 21801-8462
Salisbury metro Census 10300 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2001
1 recorded transaction
2001
$700,000

Zoning & alternative use

NB · Salisbury, MD
Zoning description

The purpose of the neighborhood business district is to provide areas along major roads or intersections in residential neighborhoods for clustering of limited business and service uses, the areas are exposed to large am…

General category COMMERCIAL

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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