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Property profile & analytics
OFF-MARKET
Estimated value
$12,205,000
Super regional malls
2300 Salisbury Blvd Salisbury, MD 21801-7810
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0583826
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
BRICK
Total area
488,450 SF
Lot
44.25 ac (1,927,530 SF)
Zoning code
GC
APN
05-028337
UPID
US40-0583826
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
-
Torrid Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Hollister Co. Clothing Store Jeans Shop
-
American Eagle Clothing Store Jeans Shop
-
Zumiez (Bike/Boat/Book/etc) Store
-
The Children's Place Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.21M
Blend (final)
Blend
$12.21M
Owner & transaction history
Rpi Salisbury Mall LLC · 12 yrs held
Rpi Salisbury Mall LLC
since 2013
5 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
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
Blend value · Realmo final
$12.21M
Range $10.98M – $13.43M · ±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
$25 / 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
$198,095
Tax year 2023
Assessed value
$19,859,100
Assessed 2023
Previous assessed
$19,858,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Land market value
$17,231,200
Improvement market value
$2,629,700
Total market value
$19,860,900
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
5
Stories
1
Units
5
Total area
488,450 SF
Lot
44.25 ac (1,927,530 SF)
Zoning code
GC
APN
05-028337
UPID
US40-0583826
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MDZoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of the potential impact of these types of activities, special landscaping and screening requirements are established for certain use
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
44.25 ac
Current owner
From public records · entity-resolved
Rpi Salisbury Mall LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1010 NORTHERN BLVD STE #212, GREAT NECK, NY 11021-5320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Salisbury Mall Realty Holding LLC
—
Deed
related
$12,500,000 · Ameris Bank
Dec 26, 2013
$10,000,000
Rpi Salisbury Mall LLC
Macerich Scg LP
Grant Deed
—
Feb 18, 2004
—
Macerich Scg LP
—
Deed Of Trust
related
$79,875,000 · Wells Fargo Bank
—
—
Rpi Salisbury Gl LLC
—
Loan Modification
related
$115,000,000 · Us Bk NA Series 2006-ldp7 (te)
—
—
Rpi Salisbury Mall LLC
—
Loan Modification
related
$105,000 · Huntington Nat'l Bk
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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