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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Automotive properties
2016 Salisbury Blvd, Salisbury, MD 21801-3337
Entity Owned
~
Est. High Equity
Property ID
US40-2231003
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1989
Construction
BRICK
Total area
11,768 SF
Lot
3.18 ac (138,477 SF)
Zoning code
GC
APN
09-014985
UPID
US40-2231003
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
-
Hertrich Buick GMC of Salisbury Parts Auto Parts Store
-
GMC at HERTRICH Car Dealership
-
Hertrich Buick GMC of Salisbury Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$3.66M
Owner & transaction history
Sby Blvd Zion LLC
Sby Blvd Zion LLC
since 2026
7 recorded transactions
Zoning & alternative use
GC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$311 / 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
$30,965
Tax year 2023
Assessed value
$3,104,300
Assessed 2023
Previous assessed
$3,096,333
+0.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,589,500
Assessed improvement
$1,514,800
Land market value
$1,589,500
Improvement market value
$1,514,800
Total market value
$3,104,300
Applied tax rate
9.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
11,768 SF
Lot
3.18 ac (138,477 SF)
Zoning code
GC
APN
09-014985
UPID
US40-2231003
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.
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.18 ac
Current owner
From public records · entity-resolved
Sby Blvd Zion LLC
Entity
Mailing address
1427 BAY RD, MILFORD, DE 19963-6129
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
$3,200,000
Sby Blvd Zion LLC
Hertrich Properties Xix LLC
Deed
$3,200,000 · Zionroadtwo LLC
Dec 5, 2016
$3,239,000
Hertrich Properties Xix LLC
Price Salisbury Boulevard LLC
Grant Deed
—
Oct 22, 2015
—
Price Salisbury Boulevard LLC
Price Elkton Road LLC
Quit Claim Deed
$1,213,941 · Bank Of America
Jun 29, 2009
—
Price Elkton Road LLC
Price,warren A & Linda J
Quit Claim Deed
related
—
Jan 12, 2007
$1,775,000
Warren A Price
Cars-db4
Grant Deed
$1,420,000 · Gmac Bank
Oct 23, 2002
—
Cars-db4 LP
—
Deed Of Trust
related
$32,500,000 · Lasalle Bank NA Trustee
—
—
Price Elkton Road LLC
—
Deed Of Trust
related
$500,000 · Ally Bank
—
—
Price Elkton Rd LLC
—
Deed Of Trust
related
$1,044,466 · Ally 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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