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Property profile & analytics
OFF-MARKET
Estimated value
$12,560,000
Hospitals
220 Tilghman Rd Salisbury, MD 21804-1921
Entity Owned
Free & Clear
Property ID
US40-1001914
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1993
Construction
BRICK
Total area
63,186 SF
Lot
7.27 ac (316,681 SF)
Zoning code
LBI
APN
05-063817
UPID
US40-1001914
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
-
Glenwood C. Brooks Jr, PHD Physician
-
Ability Rehab Associates Medical Clinic
-
Judith G. Manuel, OTR Physician
-
Encompass Health Rehabilitation Hospital of Salisbury Physical Therapy Clinic Specialized Hospital
-
NICHOLE MARTIN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.56M
Blend (final)
Blend
$12.56M
Owner & transaction history
MEDICAL REHABILITATION CORPORATION MARYLAND
MEDICAL REHABILITATION CORPORATION MARYLAND
Zoning & alternative use
LBI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.3M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,385,000
Current use
COMMERCIAL (GENERAL)
$14,280,000
Change: +25% · Conversion: Easy
RESTAURANT
$10,950,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$9,795,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$12.56M
Range $11.30M – $13.82M · ±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
$199 / 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
$109,024
Tax year 2023
Assessed value
$10,929,667
Assessed 2023
Previous assessed
$10,642,500
+2.7% YoY
Effective rate
1.00%
On assessed value
Land market value
$1,381,800
Improvement market value
$10,122,200
Total market value
$11,504,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
64
Total area
63,186 SF
Lot
7.27 ac (316,681 SF)
Zoning code
LBI
APN
05-063817
UPID
US40-1001914
Jurisdiction
WICOMICO
Zoning & alternative use
LBI · Salisbury, MD
Zoning LBI · permitted uses
LBI · 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
$11.4M
COMMERCIAL (GENERAL)
Est. value
$14.3M
RESTAURANT
Est. value
$11.0M
OFFICE BUILDING
Est. value
$9.8M
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
1993
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
64
Lot
7.27 ac
Current owner
From public records · entity-resolved
MEDICAL REHABILITATION CORPORATION MARYLAND
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 380546, BIRMINGHAM, AL 35238-0546
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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