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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Strip malls
1305 Salisbury Blvd Salisbury, MD 21801-6845
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1075333
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Construction
BRICK
Total area
6,100 SF
Lot
0.91 ac (39,600 SF)
Zoning code
GC
APN
13-056072
UPID
US40-1075333
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
-
Tropical Smoothie Cafe Restaurant
-
Tidemark Federal Credit Union Credit Union
-
NovaCare Rehabilitation - Salisbury Medical Clinic
-
Sport Clips Haircuts of South Salisbury Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$590k
Owner & transaction history
Sla Properties LP · 9 yrs held
Sla Properties LP
since 2017
3 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Top alternative use upside
Office building
$895,000
+150.0%
Retail stores
$820,000
+129.1%
Restaurant
$785,000
+119.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$360,000
Current use
OFFICE BUILDING
$895,000
Change: +150% · Conversion: Moderate
RETAIL STORES
$820,000
Change: +129% · Conversion: Easy
RESTAURANT
$785,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +109% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$700,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$97 / 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
$11,350
Tax year 2023
Assessed value
$1,137,833
Assessed 2023
Previous assessed
$1,085,567
+4.8% YoY
Effective rate
1.00%
On assessed value
Land market value
$645,600
Improvement market value
$544,500
Total market value
$1,190,100
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
Off-Market
Year built
2018
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,100 SF
Lot
0.91 ac (39,600 SF)
Zoning code
GC
APN
13-056072
UPID
US40-1075333
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MDZoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of the potential impact of these types of activities, special landscaping and screening requirements are established for certain use
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$360,000
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$820,000
RESTAURANT
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$745,000
INDUSTRIAL (GENERAL)
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2018
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Sla Properties LP
Entity
Free & Clear · 9 yrs held
Mailing address
100 E MAIN ST STE #601, SALISBURY, MD 21801-5137
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2017
—
Sla Properties LP
1305 Ssb LLC
Grant Deed
related
—
Sep 2, 2016
$700,000
1305 Ssb LLC
Mcdonalds Real Estate Co
Quit Claim Deed
related
—
Sep 2, 2016
—
Mcdonalds Real Estate Co
Mcdonalds Corp
Quit Claim Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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