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Property profile & analytics
OFF-MARKET
Specialty properties
228 Catherine St Salisbury, MD 21801
Entity Owned
Free & Clear
Property ID
US40-1401358
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1920
Construction
BRICK
Total area
6,086 SF
Lot
0.49 ac (21,230 SF)
Zoning code
R5
APN
09-061355
UPID
US40-1401358
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
B P O E ELKS HOME 1051 & 154
B P O E ELKS HOME 1051 & 154
Zoning & alternative use
R5 · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
BURY MUNICIPAL CODE AND SECTION 4.04 OF ARTICLE 66B OF THE ANNOTATED CODE OF MARYLAND FOR THE PURPOSE OF AMENDING SECTIONS 17.156.030, 17.160.030, AND 17.04. 120 TO ADD SOLAR FARMS AND A DEFINITION OF SOLAR FARMS IN THE R- 5, R- 8, R- 10, R- 5A, R- 8A, AND R- 10A RESIDENTIAL DISTRICTS. WHEREAS, the ongoing application, administration and enforcement of Title…
Zone name
Residential
General category
RESIDENTIAL
Zone area
248.59 ac
Source
Ord2410
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$77,700
Assessed 2023
Previous assessed
$77,133
+0.7% YoY
Assessed land
$50,100
Assessed improvement
$27,600
Land market value
$50,100
Improvement market value
$27,600
Total market value
$77,700
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
6,086 SF
Lot
0.49 ac (21,230 SF)
Zoning code
R5
APN
09-061355
UPID
US40-1401358
Jurisdiction
WICOMICO
Zoning & alternative use
R5 · Salisbury, MDZoning R5 · permitted uses
R5 · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
BURY MUNICIPAL CODE AND SECTION 4.04 OF ARTICLE 66B OF THE ANNOTATED CODE OF MARYLAND FOR THE PURPOSE OF AMENDING SECTIONS 17.156.030, 17.160.030, AND 17.04. 120 TO ADD SOLAR FARMS AND A DEFINITION OF SOLAR FARMS IN THE R- 5, R- 8, R- 10, R- 5A, R- 8A, AND R- 10A RESIDENTIAL DISTRICTS. WHEREAS, the ongoing application, administration and enforcement of Title 17, Zoning of the Salisbury Municipal Code, demonstrates a need for periodic review
Zone name
Residential
General category
RESIDENTIAL
Zone area
248.59 ac
Source
Ord2410
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
B P O E ELKS HOME 1051 & 154
Individual
Free & Clear · 0 yrs held
Mailing address
230 CATHERINE ST, SALISBURY, MD 21801-4041
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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