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    206 N Fruitland Blvd Fruitland, MD 21826
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    206 N Fruitland Blvd Fruitland, MD 21826

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    • Turn key restaurants
    • 2,562 SF
    • 15.88 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Retail Space in Fruitland Plaza For Lease
    $12 SF/Yr
    9,983 SF

    Retail Space in Fruitland Plaza

    Retail space available in Fruitland Plaza Shopping Center.

    206 N Fruitland Blvd, Fruitland, MD 21826
    View Listing
    Property ID
    US40-1123521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,275,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strive Sports Medicine Physical Therapy / Physician
    • Aaron's Rent To Own / Furniture & Home Goods / Home Decor Store
    • Food Lion / Grocery & Convenience Store / Food Market
    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • Stop one tobacco and Vape / (Bike/Boat/Book/etc) Store

    Property Details for 206 N Fruitland Blvd

    Year built
    1982
    Construction
    BRICK
    Lot size
    15.88 lot acres
    Property size
    2,562 SF
    Zone code
    C5
    Property type
    Turn key restaurants
    APN
    16-019984
    APU
    16019984

    Description

    Fruitland Plaza, located at 206 N Fruitland Blvd, Fruitland, MD 21826, offers exceptional retail opportunities in a thriving Wicomico County market. This 93,575 square foot shopping center boasts a prominent location at the southwest corner of N Fruitland Boulevard (US Route 13) and Clyde Avenue, benefiting from high visibility and traffic counts (18,861 AADT). Currently, there are 10 suites, with one vacant space totaling approximately 9,812 square feet available for lease. Flexible space options are available, ranging from a minimum of 2,000 square feet up to a maximum contiguous space of 91,075 square feet. The center is anchored by a 39,000 square foot Food Lion. In addition to the existing suites, there are also two available pad sites: a 1-acre site facing N Fruitland Boulevard and a 2-acre site facing Clyde Avenue. Fruitland's robust economy is supported by major employers such as Peninsula Regional Medical Center, Salisbury University, Perdue Farms, and Walmart, ensuring a strong customer base for your business. This property presents a unique opportunity to establish or expand your retail presence in a high-traffic, rapidly growing area just one mile south of Salisbury, MD.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,755,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6181
    Latitude
    38.3271
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,589
    $0.00
    $0.00
    $6,876,033
    -
    $2,491,400
    $4,833,400
    $7,324,800

    Comparable in this City

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      100 Cedar Ln

      RESTAURANT • 5,037 SF
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    • Value Estimation by Request
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      416 Fruitland Blvd

      RESTAURANT • 11,200 SF
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    • Value Estimation
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      6,302 SF

      107 Cedar Ln

      RESTAURANT • 6,302 SF
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      View Details
    • Value Estimation
      $670,000
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      301 Fruitland Blvd

      RESTAURANT • 7,767 SF
      301 Fruitland Blvd, Fruitland, MD 21826-1714
      View Details
    • Value Estimation
      $540,000
      6,267 SF

      219 Fruitland Blvd

      RESTAURANT • 6,267 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fruitland Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
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      View Details
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      4.78 Acres

      Fruitland Commercial Land & Buildings

      High-visibility land, warehouses available.
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      View Details
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      Land with Warehouse Buildings

      Land for sale or lease in Fruitland, Maryland.
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      View Details
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      Residential Lot in Gated Community

      0.23 acre lot in desirable gated community.
      210 Ringgold Rd, Fruitland, MD 21826
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    • $92,000
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      Land in Holly Hill Community

      Spacious 0.57-acre lot in desirable Fruitland neighborhood.
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    Similar Nearby for Lease

    • $2,000 /Mo

      300 S DIVISION St, Fruitland, MD 21826

      Auto shops
      300 S Division St, Fruitland, MD 21826
      View Details
    • $21,000

      Retail Space Near Salisbury Blvd

      Retail/restaurant space for lease near Salisbury Blvd in Fruitland.
      104 W Cedar Ln, Fruitland, MD 21826
      View Details
    • Contact for pricing

      Retail Space in Fruitland Plaza

      Retail space available in Fruitland Plaza Shopping Center.
      206 N Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Contact for pricing
      93,575 SF

      Fruitland Plaza Retail Center

      Prime Fruitland, MD retail space. Multiple suites available.
      206 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Contact for pricing
      30,013 SF

      2 Acre Pad Site Available

      2 acre commercial pad site for rent on Route 13.
      404 N Fruitland Blvd, Salisbury, MD 21826
      View Details
    View Listing
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    Fruitland, MD 21826
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    206 N Fruitland Blvd, Fruitland, MD, 21826
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