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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Day care centers
2324 Zion Rd, Salisbury, MD 21801-2580
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1671433
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2019
Total area
5,650 SF
Lot
2.61 ac (113,692 SF)
Zoning code
LI
APN
09-074694
UPID
US40-1671433
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
-
Zion Wellness Center: Manjula Borge, MD Physician
-
Northwood Professional Center Real Estate Agency
-
Atlantic Commonwealth Advisors & Delmarva Investments Financial Advisor
-
Northwood Early Learning Center Daycare Center
-
Bancroft Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.32M
Owner & transaction history
Ftvc Maryland LP · 4 yrs held
Ftvc Maryland LP
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
LI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,965,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±10% · vs last sale $4.55M (Mar 4 2022)
Last sale anchor
$4.55M
Mar 4 2022
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
$941 / 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
$32,447
Tax year 2023
Assessed value
$3,252,800
Assessed 2023
Previous assessed
$3,213,833
+1.2% YoY
Effective rate
1.00%
On assessed value
Assessed land
$268,300
Assessed improvement
$2,984,500
Land market value
$268,300
Improvement market value
$2,984,500
Total market value
$3,252,800
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
16
Total area
5,650 SF
Lot
2.61 ac (113,692 SF)
Zoning code
LI
APN
09-074694
UPID
US40-1671433
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Salisbury, MD
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
2019
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
16
Lot
2.61 ac
Current owner
From public records · entity-resolved
Ftvc Maryland LP
Entity
Free & Clear · 4 yrs held
Mailing address
9 E LOOCKERMAN ST, DOVER, DE 19901-8306
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$4,550,000
Ftvc Maryland LP
Northwood Professional Center LLC
Deed
—
Jan 14, 2020
—
Northwood Proffessional Center Lc
—
Deed
related
$2,790,000 · 1880 Bank
May 23, 2019
—
Northwood Professional Center LLC
—
Deed
related
$200,000 · 1880 Bank
Nov 14, 2018
—
Northwood Prof Ctr LLC
—
Deed
related
$2,200,000 · Miles River Investments INC
May 14, 2018
$135,000
Charles Holland
Whittington,john E JR
Grant Deed
—
Apr 7, 2016
$120,000
John E Whittington JR
Daniels,timothy L
Grant Deed
—
Dec 28, 2015
—
Camden LLC
Kiley Drive LLC
Grant Deed
related
—
Aug 20, 2004
$86,126
Kiley Drive LLC
Owens,george E
Grant Deed
$74,000 · Easton Bk&tr
—
—
Northwood Prof Ctr LLC
—
Deed Of Trust
related
$2,200,000 · Miles River Investments INC
—
—
Kiley Drive LLC
—
Loan Modification
related
$74,000 · 1880 Bank
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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