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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Office buildings
1801 Sweetbay Dr, Salisbury, MD 21804-1664
Entity Owned
22-yr Hold
Free & Clear
Property ID
US40-1043100
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
12,572 SF
Lot
1.07 ac (46,609 SF)
Zoning code
RC
APN
05-116287
UPID
US40-1043100
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
-
PKS Investment Advisors LLC Financial Advisor
-
PKS & Company PA Accounting Firm Tax Preparation
-
Kleger Michael C CPA Accounting Firm Tax Preparation
-
Pruitt Jeffery D CPA Accounting Firm Tax Preparation
-
Grager Michelle CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.87M
Owner & transaction history
Pks Realty LLC · 22 yrs held
Pks Realty LLC
since 2004
7 recorded transactions
Zoning & alternative use
RC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.5M
+21.3%
Retail stores
$2.3M
+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
$2,095,000
Current use
INDUSTRIAL (GENERAL)
$2,540,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,035,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$149 / 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
$10,925
Tax year 2023
Assessed value
$1,095,267
Assessed 2023
Previous assessed
$1,069,500
+2.4% YoY
Effective rate
1.00%
On assessed value
Land market value
$155,600
Improvement market value
$991,200
Total market value
$1,146,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Units
1
Total area
12,572 SF
Lot
1.07 ac (46,609 SF)
Zoning code
RC
APN
05-116287
UPID
US40-1043100
Jurisdiction
WICOMICO
Zoning & alternative use
RC · Salisbury, MD
Zoning RC · permitted uses
RC · 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
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
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
2006
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Pks Realty LLC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 72, SALISBURY, MD 21803-0072
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
Pks Realty LLC
—
Deed
related
$1,680,000 · M & T Bank
Nov 13, 2018
—
Pks Realty LLC
—
Deed
related
$1,026,000 · Robert L Moore
Sep 13, 2016
—
Pks Realty LLC
—
Deed
related
$1,800,000 · M&t Bk
Feb 25, 2004
$175,000
Pks Realty LLC
Davis Development Co LLC
Grant Deed
—
—
—
Pks Realty LLC
—
Deed Of Trust
related
$1,800,000 · Manufacturers Traders & Trust
—
—
Pks Realty LLC
—
Deed Of Trust
related
$1,026,000 · Robert L Moore
—
—
Pks Realty LLC
—
Deed Of Trust
related
$1,800,000 · M&t Bk
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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