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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Medical Office Space
200 Vine St Salisbury, MD 21804-5531
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1482932
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,595 SF
Lot
1.06 ac (46,342 SF)
Zoning code
GC
APN
13-045143
UPID
US40-1482932
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
-
Concrete Rescuer - Roanoke, TX Carpet & Flooring Store Hardware & Home Improvement
-
CoreLife Weight Loss Service Nutritionist
-
GenesisCare Medical Clinic Hospital
-
Dr. Sarah Bowden Physician
-
Adeleh Kooshki Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.71M
Owner & transaction history
Thomas A Davis JR · 4 yrs held
Thomas A Davis JR
since 2022
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+25.5%
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%
$2,775,000
6.5%
$2,565,000
7%
$2,380,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,270,000
Current use
COMMERCIAL (GENERAL)
$2,845,000
Change: +25% · Conversion: Easy
RESTAURANT
$2,185,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$1,950,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.90M (May 3 2022)
Last sale anchor
$2.90M
May 3 2022
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
$215 / 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
$21,274
Tax year 2023
Assessed value
$2,132,700
Assessed 2023
Previous assessed
$2,131,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Land market value
$553,300
Improvement market value
$1,580,200
Total market value
$2,133,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,595 SF
Lot
1.06 ac (46,342 SF)
Zoning code
GC
APN
13-045143
UPID
US40-1482932
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MD
Zoning GC · permitted uses
GC · 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
MEDICAL BUILDING Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Thomas A Davis JR
Individual
Mailing address
2479 TULLS MILLPOND RD, NEW CHURCH, VA 23415-2950
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$2,900,000
Thomas A Davis JR
Opportunity Street LLC
Deed
$2,175,000 · Calvin B Taylor Banking Co Berlin M
Jan 14, 2019
$850,000
Opportunity Street LLC
200 East Vine LLC
Grant Deed
$1,104,000 · Bank Of Del Mar Va
Jun 27, 2003
$510,000
200 East Vine LLC
Southern States Cooperative
Grant Deed
$385,000 · Provident Savings Bank
—
—
200 East Vine LLC
—
Deed Of Trust
related
$1,200,000 · Bay National Bank
—
—
200 East Vine LLC
—
Deed Of Trust
related
$900,000 · Bay National Bank
—
—
200 East Vine LLC
—
Deed Of Trust
related
$300,000 · Bay National Bank
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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