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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Retail space
1400 Salisbury Blvd, Salisbury, MD 21801-7167
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1328093
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
BRICK
Total area
12,209 SF
Lot
0.87 ac (37,686 SF)
Zoning code
C
APN
13-004714
UPID
US40-1328093
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
-
Smokin' BBQ Grille Restaurant
-
Sushi Zay Restaurant
-
FN Burgers and pizza Restaurant
-
Passeri's Pizza Subs and Cosmos Restaurant
-
Long Rental Properties Real Estate Rental Agency Student Housing Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.17M
Owner & transaction history
1400 South LLC · 5 yrs held
1400 South LLC
since 2020
7 recorded transactions
Zoning & alternative use
C · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+55.4%
Industrial (general)
$2.5M
+10.8%
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
RETAIL STORES
$2,225,000
Current use
AUTO REPAIR, GARAGE
$3,460,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,465,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$2,225,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,005,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$178 / 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
$12,042
Tax year 2023
Assessed value
$1,207,200
Assessed 2023
Previous assessed
$1,103,300
+9.4% YoY
Effective rate
1.00%
On assessed value
Land market value
$886,000
Improvement market value
$425,100
Total market value
$1,311,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,209 SF
Lot
0.87 ac (37,686 SF)
Zoning code
C
APN
13-004714
UPID
US40-1328093
Jurisdiction
WICOMICO
Zoning & alternative use
C · Salisbury, MD
Zoning C · permitted uses
C · 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
RETAIL STORES Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1960
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
1400 South LLC
Entity
Mailing address
3696 STOCKYARD RD, EDEN, MD 21822-2240
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 7, 2025
—
Fc Inv LLC
—
Deed
related
$1,534,000 · Shore United Bank NA
Dec 14, 2020
—
1400 South LLC
Glenn A Ains
Deed
$1,462,041 · Provident State Bank INC
Sep 8, 2016
—
1400 South LLC
Glenn S Ains & Efv Partners LLC
Deed
$1,600,000 · Provident State Bank INC
Sep 6, 2016
—
Glenn S Ains
Johnson Creek Associates LLC
Grant Deed
—
Jun 4, 2015
—
Johnson Creek Associates LLC
—
Trustees Deed
related
$1,430,000 · Applied Bk
—
—
Johnson Creek Associates LLC
—
Deed Of Trust
related
$718,000 · Hebron Savings Bank
—
—
Donald R Mathias
—
Deed Of Trust
related
$130,000 · Peninsula Bank
—
—
Donald R Mathias
—
Deed Of Trust
related
$599,000 · Cecil Fsb
—
—
Donald R Mathias
—
Deed Of Trust
related
$62,000 · Bank Of Fruitland
—
—
Donald R Mathias
—
Deed Of Trust
related
$60,000 · Allie Mae Capital LLC
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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