Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    211 Tilghman Rd Salisbury, MD 21804-1921

    • Investment properties
    • 3,224 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1130654
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 211 Tilghman Rd

    Year built
    1972
    Lot size
    0.52 lot acres
    Property size
    3,224 SF
    Zone code
    LB1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    05-044251
    APU
    5044251

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $431,000
      Market price range: $263k - $963k
      AI Estimate
      $602,000
      Market price range: $366k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $520,000
      Current use
      RETAIL STORES
      $590,000
      Change: +13% Conversion: Easy
      OFFICE BUILDING
      $535,000
      Change: +3% Conversion: Easy
      WAREHOUSE, STORAGE
      $425,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.547
    Latitude
    38.37
    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
    $1,612
    $0.00
    $0.00
    $162,533
    -
    $45,000
    $135,000
    $180,000

    Comparable in this City

    • Value Estimation
      $610,000
      2,049 SF

      1112 Mt Hermon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,049 SF
      1112 Mt Hermon Rd, Salisbury, MD 21804-5110
      View Details
    • Value Estimation by Request
      963 SF

      624 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 963 SF
      624 Division St, Salisbury, MD 21804-5929
      View Details
    • Value Estimation by Request
      1,248 SF

      307 Hammond St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,248 SF
      307 Hammond St, Salisbury, MD 21804-4412
      View Details
    • Value Estimation by Request
      3,224 SF

      533 Wailes St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,224 SF
      533 Wailes St, Salisbury, MD 21804-4323
      View Details
    • Value Estimation by Request
      1,800 SF

      713 William St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      713 William St, Salisbury, MD 21804-5030
      View Details
    • Value Estimation
      $595,000
      5,080 SF

      301 Snow Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,080 SF
      301 Snow Hl Rd, Salisbury, MD 21804-5622
      View Details

    Similar Nearby for Sale

    • $839,000
      60 SF

      Salisbury Hunting Retreat with Amenities

      60.23 acre surveyed retreat with brick rancher and outbuildings.
      3644 Meadow Bridge Rd, Salisbury, MD 21804
      View Details
    • $190,000
      2 SF

      2.84 Acres Commercial Land Available

      Two platted lots totaling 2.84 acres with no city taxes.
      Winterplace Pkwy, Salisbury, MD 21804
      View Details
    • $264,990
      2,692 SF

      Spacious Townhome in Waterside Landing

      Three-bedroom townhome with finished basement, maintenance-free living, and pond views.
      224 Canal Park Dr, Salisbury, MD 21804
      View Details
    • Contact for pricing

      Prime Land Development Opportunity

      Highly visible lots with flexible subdivision options available.
      John Deere Dr, Salisbury, MD 21804
      View Details
    • $640,000

      Two Buildings Near Downtown Salisbury

      Two well-maintained buildings with parking, close to downtown Salisbury.
      737 E Main St, Salisbury, MD 21804
      View Details
    • $170,000

      Well-Maintained Condo Near Amenities

      2-bedroom, 2-bathroom condo near shopping, dining, and the beach.
      2005 Whispering Ponds Ct, Salisbury, MD 21804
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Twilley Centre Retail/Office Space

      Retail, office, and flex space available in Salisbury, Maryland.
      Civic Ave, Salisbury, MD 21804
      View Details
    • $6 SF/Yr
      1,400 SF

      Retail Space Available For Rent

      1,400 sq.ft. retail space available for lease.
      232-260 Tilghman Rd, Salisbury, MD 21804
      View Details
    • $1,467 /Mo
      162,043 SF

      Retail Space in Salisbury, MD

      1,600 sq ft retail space in a desirable location.
      720 E College Ave, Salisbury, MD 21804
      View Details
    • $5 SF/Yr
      42,425 SF

      Philmore Commons Executive Suites

      Prime Salisbury Office Space: Multiple Suites Available
      224 Phillip Morris Dr, Salisbury, MD 21804
      View Details
    • $3 SF/Yr
      1,600 SF

      College Ave Shoppes Retail Space

      Prime Salisbury retail space, 1600 sq ft.
      720 E College Ave - Unit D | Salisbury, MD 21804, Salisbury, MD 21804
      View Details
    • $25 SF/Yr
      1,800 SF

      Freestanding Retail/Office Building on Route 13

      Prime retail/office space with drive-through, high visibility, and ample parking.
      725 S Salisbury Blvd, Salisbury, MD 21804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    211 Tilghman Rd
    Salisbury, MD 21804-1921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.