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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Warehouses
2015 Industrial Pkwy, Salisbury, MD 21801-8505
Entity Owned
~
Est. High Equity
Property ID
US40-0236261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
BRICK
Total area
27,000 SF
Lot
6.22 ac (270,943 SF)
Zoning code
IP
APN
09-062599
UPID
US40-0236261
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
$2.38M
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.50M
Owner & transaction history
Km Properties LLC
Km Properties LLC
since 2026
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
IP · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,050,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
$2,910,000
6.5%
$2,685,000
7%
$2,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,365,000
Current use
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.88M (Jul 21 2025)
Last sale anchor
$2.88M
Jul 21 2025
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
$92 / 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
$13,951
Tax year 2023
Assessed value
$1,398,600
Assessed 2023
Previous assessed
$1,398,600
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$466,600
Assessed improvement
$932,000
Land market value
$466,600
Improvement market value
$932,000
Total market value
$1,398,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
27,000 SF
Lot
6.22 ac (270,943 SF)
Zoning code
IP
APN
09-062599
UPID
US40-0236261
Jurisdiction
WICOMICO
Zoning & alternative use
IP · Salisbury, MD
Zoning IP · permitted uses
IP · 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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
WAREHOUSE, STORAGE Current
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
6.22 ac
Current owner
From public records · entity-resolved
Km Properties LLC
Entity
Mailing address
6000 SAWGRASS VLG CIRC, PONTE VEDRA BEACH, FL 32082-5026
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$4,250,000
Km Properties LLC
Sklar Corporation
Special Warranty Deed
$3,612,500 · Wilmington Savings Fund Society
Oct 21, 2025
$2,875,000
Sklar Corporation
Marvel Investments LLC
Special Warranty Deed
$2,840,000 · Wilmington Savings Fund Society Fsb
Jan 28, 2021
$320,000
Delmarva Power & Light Co
Marvel Investments LLC
Grant Deed
—
Mar 26, 2020
—
Marvel Investments LLC
—
Deed
related
$3,180,000 · Wilmington Savings Fund Society Fsb
Mar 1, 2010
$1,800,000
Marvel Investments LLC
Silverton Marine Corp
Deed Of Trust
related
$1,680,000 · Bank Of Delmarva NA
Nov 25, 2002
$1,550,000
Silverton Marine Corp
American Real Estate Holdings
Grant Deed
$600,000 · Department Of Busines & Econom
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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