New search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
1304 Division St, Salisbury, MD 21804-6999
Entity Owned
Free & Clear
Property ID
US40-0667768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
4,000 SF
Lot
0.54 ac (23,309 SF)
Zoning code
CU
APN
13-058784
UPID
US40-0667768
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
-
Sage Title Group Title Company
-
Edward Jones - Financial Advisor: Sarah L Edwards, CFP® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$675k
Owner & transaction history
Sublime LLC
Sublime LLC
since 2025
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
CU · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$730,000
+9.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$665,000
Current use
RETAIL STORES
$730,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$650,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $640k (Jun 23 2025)
Last sale anchor
$640k
Jun 23 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
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
$4,175
Tax year 2023
Assessed value
$418,500
Assessed 2023
Previous assessed
$366,300
+14.3% YoY
Effective rate
1.00%
On assessed value
Land market value
$86,600
Improvement market value
$384,100
Total market value
$470,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
4,000 SF
Lot
0.54 ac (23,309 SF)
Zoning code
CU
APN
13-058784
UPID
US40-0667768
Jurisdiction
WICOMICO
Zoning & alternative use
CU · Salisbury, MD
Zoning CU · permitted uses
CU · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$665,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$650,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Sublime LLC
Entity
Free & Clear · 0 yrs held
Mailing address
216 W DORCHESTER AVE STE #2, CAMBRIDGE, MD 21613-2472
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
$640,000
Sublime LLC
South Division Professional Offices
Deed
—
Jan 13, 2025
$235,000
Jean Renald Janvier
Norma Lee Crockett
Deed
$230,743 · Cmg Mortgage INC
Aug 26, 2024
$307,500
Mohammed Arif
Michael J Koontz
Deed
$276,750 · Prosperity Home Mortgage LLC
Aug 19, 2024
$12,500
Noe Manrique Parra
William V Nutter SR.
Deed
—
Jul 26, 2024
$375,000
Janak Dhakal
Robert L Fuller
Deed
$254,865 · Kwik Mortgage Corp
Jun 23, 2021
—
Joan Elizabeth Simpson
Joan Elizabeth Simpson
Deed
related
—
Apr 18, 2019
$500,000
South Division Professional Offices
Devreco LLC
Deed
$350,000 · Provident State Bank INC
Apr 3, 2017
$315,000
Devreco LLC
Wheatley,kay W
Grant Deed
$378,000 · Farmers Bk/willards
Aug 12, 2008
—
Kay W Wheatley
Wheatley,robert C
Quit Claim Deed
related
—
—
—
Robert C Wheatley
—
Deed Of Trust
related
$120,000 · Bank Of Delmarva NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1304 Division St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
