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Property profile & analytics
OFF-MARKET
Office buildings
2407 Salisbury Blvd, Salisbury, MD 21801-2138
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1511006
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
BRICK
Total area
5,837 SF
Lot
13.49 ac (587,624 SF)
Zoning code
GC
APN
05-049687
UPID
US40-1511006
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
-
Transteck, Inc. International of Delmarva Car Dealership
-
International of Delmarva Body Shop Auto Repair Shop
-
Transteck Inc Auto Repair Shop
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
Jdoliver LLC · 3 yrs held
Jdoliver LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
GC · 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
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
Tax billed
$34,055
Tax year 2023
Assessed value
$3,414,000
Assessed 2023
Previous assessed
$2,682,100
+27.3% YoY
Effective rate
1.00%
On assessed value
Land market value
$4,508,200
Improvement market value
$369,600
Total market value
$4,877,800
Applied tax rate
5.0000
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
Off-Market
Year built
1975
Construction
BRICK
Heating
FORCED AIR
Buildings
3
Stories
1
Units
3
Total area
5,837 SF
Lot
13.49 ac (587,624 SF)
Zoning code
GC
APN
05-049687
UPID
US40-1511006
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MD
Zoning GC · permitted uses
GC · 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
1975
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
3
Units
3
Lot
13.49 ac
Current owner
From public records · entity-resolved
Jdoliver LLC
Entity
Mailing address
4303 LEWIS RD, HARRISBURG, PA 17111-2539
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$5,000,000
Jdoliver LLC
Cross Lake LLC
Deed
$4,000,000 · Fulton Bank NA
Feb 22, 2022
—
Cross Lake LLC
—
Deed
related
$2,200,000 · Provident State Bank INC
Oct 17, 2019
$2,750,000
Cross Lake LLC
R S Barr Family No 1 LLC
Deed
—
Dec 30, 2009
—
R S Barr Family 1 LLC
—
Deed Of Trust
related
$1,250,000 · Manufacturers Traders & Trust
Feb 7, 2000
—
R S Barr Family No 1 LLC
Levy,james A
Trustees Deed
$1,520,000 · Allfirst Bank
—
—
Rs Barr Family 1 LLC
—
Deed Of Trust
related
$300,000 · M&t Bk
—
—
R S Barr Family 1 LLC
—
Deed Of Trust
related
$1,247,904 · M & T Bank
—
—
R S Barr Family 1 LLC
—
Deed Of Trust
related
$2,750,000 · Manufacturers Traders & Trust
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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