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Property profile & analytics
FOR LEASE
Strip malls
1305 S Division St B Salisbury, MD 21804
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-2360552
For Lease
1 / 8
$2,427/Mo
1305 S Division St,Unit B, Salisbury, MD 21804
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1953
Construction
BRICK
Total area
6,833 SF
Lot
0.07 ac (2,912 SF)
APN
13-011354
UPID
US40-2360552
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Kenpo333 LLC · 4 yrs held
Kenpo333 LLC
since 2022
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+90.0%
Medical building
$1.2M
+51.4%
Restaurant
$1.2M
+45.7%
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
$2,345,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$1,960,000
6.5%
$1,805,000
7%
$1,680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,545,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$1,230,000
Change: +51% · Conversion: Difficult
RESTAURANT
$1,185,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±10% · vs last sale $1.79M (Jan 19 2022)
Last sale anchor
$1.79M
Jan 19 2022
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
$271 / 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
$1,307
Tax year 2023
Assessed value
$131,000
Assessed 2023
Previous assessed
$131,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$91,700
Assessed improvement
$39,300
Land market value
$91,700
Improvement market value
$39,300
Total market value
$131,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1953
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
4
Total area
6,833 SF
Lot
0.07 ac (2,912 SF)
APN
13-011354
UPID
US40-2360552
Jurisdiction
WICOMICO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1953
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Kenpo333 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
100 N DIVISION ST APT #301, SALISBURY, MD 21801-5039
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Bdmk LLC
—
Deed
related
$1,200,000 · Tidemark FCU
Jan 19, 2022
$1,787,500
Kenpo333 LLC
South Divison Street LLC
Deed
—
Jul 30, 2018
—
Bdmk LLC
—
Trust Deed
related
$969,500 · Calvin B Taylor Banking/berlin
Mar 10, 2017
—
South Div Street Condo Assn In
Kenpo333 LLC
Grant Deed
$597,873 · Provident State Bank INC
Apr 20, 2016
$1,787,500
Kenpo333 LLC
South Division Street LLC
Grant Deed
$1,530,250 · Bdmk LLC
Nov 16, 2004
$1,525,000
South Division Street LLC
Rommel Ents I LLC
Grant Deed
$1,500,000 · 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.
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