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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Office buildings
1315 Division St, Salisbury, MD 21804-6920
Entity Owned
Free & Clear
Property ID
US40-2317772
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
BRICK
Total area
8,814 SF
Lot
1.93 ac (84,078 SF)
Zoning code
LI
APN
13-002479
UPID
US40-2317772
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
-
TPG Hotels & Resorts Corporate Office
-
TPG Hotels, Resorts & Marinas Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.89M
Owner & transaction history
Tidalhealth Peninsula Regional INC
Tidalhealth Peninsula Regional INC
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
LI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+70.1%
Industrial (general)
$1.8M
+21.3%
Retail stores
$1.6M
+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
$1,470,000
Current use
AUTO REPAIR, GARAGE
$2,495,000
Change: +70% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,780,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,605,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,430,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.78M (Feb 3 2026)
Last sale anchor
$1.78M
Feb 3 2026
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
$214 / 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
$12,252
Tax year 2023
Assessed value
$1,228,300
Assessed 2023
Previous assessed
$1,228,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$270,100
Assessed improvement
$958,200
Land market value
$270,100
Improvement market value
$958,200
Total market value
$1,228,300
Applied tax rate
13.0000
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
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
8,814 SF
Lot
1.93 ac (84,078 SF)
Zoning code
LI
APN
13-002479
UPID
US40-2317772
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Salisbury, MD
Zoning LI · permitted uses
LI · 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
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Tidalhealth Peninsula Regional INC
Entity
Free & Clear · 0 yrs held
Mailing address
1315 S DIVISION ST, SALISBURY, MD 21804-6920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2026
$1,775,000
Tidalhealth Peninsula Regional INC
Marshall Family Real Estate Company
Deed
—
Apr 1, 2020
—
Marshall Fam R & E Co LLC
—
Deed
related
$969,000 · Pnc Bk
May 30, 2018
$187,500
Marshall Fam R & E Co LLC
Roger N Carey
Grant Deed
$131,250 · Calvin B Taylor Bkng
Dec 12, 2008
$1,350,000
Marshall Family Real Estate Co
1315 South Division Street LLC
Grant Deed
$950,000 · Bay National Bank
Jun 11, 2007
$1,650,000
1315 South Division Street LLC
Mclean Real Estate LLC
Grant Deed
—
—
—
Marshall Fam R & E Co LLC
—
Deed Of Trust
related
$969,000 · Pnc Bk
—
—
Marshall Family Real Estate Co
—
Deed Of Trust
related
$250,000 · Shore Bk
—
—
Marshall Family Real Estate Co
—
Deed Of Trust
related
$1,200,000 · Shore Bk
—
—
Marshall Family Real Estate Co
—
Deed Of Trust
related
$1,200,000 · Baybank
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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