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Property profile & analytics
OFF-MARKET
Estimated value
$5,805,000
Community centers
1501 Ct Plz Ln Ste 32 Salisbury, MD 21801-7197
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-2373885
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1975
Construction
BRICK
Total area
20,500 SF
Lot
5.13 ac (223,462 SF)
Zoning code
C
APN
13-007659
UPID
US40-2373885
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
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.81M
Owner & transaction history
State For The Use The Unvi Sys · 6 yrs held
State For The Use The Unvi Sys
since 2020
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
C · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the conservation district is to retain certain open space for its natural beauty and recreation value and to preserve and protect areas of natural resources, including woodlands, wildlife, habitat, scenic areas, wetlands, floodplains and water supply sources
Zone name
Conservation District
General category
OPEN_SPACE
Zone area
419.57 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.9M
+225.3%
Medical building
$3.7M
+206.8%
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%
$5,875,000
6.5%
$5,420,000
7%
$5,035,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,915,000
Change: +225% · Conversion: Easy
MEDICAL BUILDING
$3,695,000
Change: +207% · Conversion: Difficult
Blend value · Realmo final
$5.81M
Range $5.22M – $6.39M · ±10% · vs last sale $6.00M (Apr 2 2020)
Last sale anchor
$6.00M
Apr 2 2020
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
$283 / 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
Assessed value
$3,841,733
Assessed 2023
Previous assessed
$3,838,667
+0.1% YoY
Land market value
$1,458,600
Improvement market value
$2,386,200
Total market value
$3,844,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
3
Total area
20,500 SF
Lot
5.13 ac (223,462 SF)
Zoning code
C
APN
13-007659
UPID
US40-2373885
Jurisdiction
WICOMICO
Zoning & alternative use
C · Salisbury, MDZoning C · permitted uses
C · 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 conservation district is to retain certain open space for its natural beauty and recreation value and to preserve and protect areas of natural resources, including woodlands, wildlife, habitat, scenic areas, wetlands, floodplains and water supply sources
Zone name
Conservation District
General category
OPEN_SPACE
Zone area
419.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1975
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
3
Lot
5.13 ac
Current owner
From public records · entity-resolved
State For The Use The Unvi Sys
Individual
Mailing address
1101 CAMDEN AVE #228, SALISBURY, MD 21801-6837
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
$6,000,000
State For The Use The Unvi Sys
Sufi Holdings X LLC
Grant Deed
related
—
Feb 9, 2017
$6,000,000
Sufi Holdng X LLC
Delcon International INC
Deed
—
Jul 28, 2014
$4,100,000
Delcon International INC
Court Plaza Ents LLC
Grant Deed
—
Oct 27, 2006
$4,050,000
Court Plaza Ents LLC
Court Plaza Of Salisbury LLC
Grant Deed
related
$2,835,000 · Woori America Bank
Apr 30, 2004
$1,650,000
Court Plaza Of Salisbury LLC
Court Plaza LLC
Grant Deed
related
$1,550,000 · Bank Of Delmarva NA
—
—
Court Plaza Enterprises LLC
—
Loan Modification
related
$2,238,483 · Woori America Bank
—
—
Court Plaza Enterprises LLC
—
Deed Of Trust
related
$260,000 · Woori America Bank
—
—
Court Plaza Of Salisbury LLC
—
Deed Of Trust
related
$100,000 · 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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