Property profile

223 Phillip Morris Dr Salisbury, MD 21804

OFF-MARKET
Medical Office Space
Property ID
US40-2077064
4,973 SF 2.1 ac lot Built 1972
Individually Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1972
Construction BRICK
Total area 4,973 SF
Lot 2.1 ac (91,476 SF)
APN 05-079144
UPID US40-2077064

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Physician
  • Physician
  • Physician
  • Physician

Location

223 Phillip Morris Dr Salisbury, MD 21804-1923
Salisbury metro Census 10101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.62M

Owner & transaction history

since 2008
4 recorded transactions
2008
$1.7M
2008
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +25.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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