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Property profile & analytics
FOR LEASE
Office buildings
2326 Goddard Pkwy, Salisbury, MD 21801
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1140167
For Lease
1 / 6
$10 SF/Yr
2326 Goddard Pkwy, Salisbury, MD 21801
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
24,710 SF
Lot
2.85 ac (124,146 SF)
Zoning code
LI
APN
09-070397
UPID
US40-1140167
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
-
Cumulus Broadcasting Inc Radio Station Telecommunications Service
-
WWFG Radio Station Telecommunications Service
-
USTASC Security Service
-
Maryland Special Police and Security Training Academy Training Center
-
Little Leaders Learning Center Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.85M
Owner & transaction history
Salisbury Ethos LLC · 3 yrs held
Salisbury Ethos LLC
since 2023
6 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
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
$1.85M
Range $1.66M – $2.03M · ±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
$75 / 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
$13,523
Tax year 2023
Assessed value
$1,355,700
Assessed 2023
Previous assessed
$1,333,433
+1.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$285,000
Assessed improvement
$1,070,700
Land market value
$285,000
Improvement market value
$1,070,700
Total market value
$1,355,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
24,710 SF
Lot
2.85 ac (124,146 SF)
Zoning code
LI
APN
09-070397
UPID
US40-1140167
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
1987
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
2.85 ac
Current owner
From public records · entity-resolved
Salisbury Ethos LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4601 PROSPECT AVE, GLYNDON, MD 21071-4203
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
Salisbury Ethos LLC
Charles F Welsh
Deed
—
Oct 14, 2021
$2,500,000
Charles F Welsh
Davis Simpson Holdings LLC
Deed
—
Apr 8, 2019
—
Davis Simpson Holdings LLC
—
Deed
related
$150,000 · First Shr Fed'l S&l Assn
Oct 18, 2017
$1,350,000
Davis Simpson Holdings LLC
Davis,wilson L
Grant Deed
$1,350,000 · First Shr Fed'l S&l Assn
—
—
Davis Simpson Holdings LLC
—
Deed Of Trust
related
$150,000 · First Shr Fed'l S&l Assn
—
—
Wilson L Davis
—
Deed Of Trust
related
$77,500 · First Shore Federal S & L Assn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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