Property profile

2403 Salisbury Blvd Salisbury, MD 21801

OFF-MARKET
Drive through restaurants
Property ID
US40-1161150
2,892 SF 1.56 ac lot Built 2000
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,892 SF
Lot 1.56 ac (67,954 SF)
Zoning code C
APN 05-041600
UPID US40-1161150

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
  • Restaurant Take-out & Catering
  • Gas Station
  • Grocery & Convenience Store

Location

2403 Salisbury Blvd Salisbury, MD 21801-2138
Salisbury metro Census 10603 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
$564k
Blend (final) Blend
$1.62M

Owner & transaction history

since 2017
3 recorded transactions
2022
Price N/A
2017
$1.5M
2012
Price N/A

Zoning & alternative use

C · Salisbury, MD
Zoning description

The purpose of the conservation district is to retain certain open space for its natural beauty and recreation value and to preserve and protect areas of natural resources, including woodlands, wildlife, habitat, scenic…

General category OPEN_SPACE
Top alternative use upside
Commercial (general) $555,000 +48.6%
Medical building $520,000 +40.1%
Office building $425,000 +14.2%

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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