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Property profile & analytics
OFF-MARKET
Estimated value
$6,835,000
Drive through restaurants
2408 Salisbury Blvd, Salisbury, MD 21801-2137
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0808462
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2016
Construction
BRICK
Total area
5,040 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GC
APN
05-045045
UPID
US40-0808462
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
-
Five Guys Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
Shibo Investemtns Group LLC · 5 yrs held
Shibo Investemtns Group LLC
since 2021
Last sale
$6.2M
5 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
Method
Estimation
Statistic approach
$8,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.84M
Range $6.15M – $7.52M · ±10% · vs last sale $6.18M (Mar 31 2021)
Last sale anchor
$6.18M
Mar 31 2021
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
$1,356 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$47,906
Tax year 2024
Assessed value
$4,996,500
Assessed 2024
Previous assessed
$4,996,500
+0.0% YoY
Effective rate
0.96%
On assessed value
Land market value
$2,001,000
Improvement market value
$3,916,700
Total market value
$5,917,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2016
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
5,040 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GC
APN
05-045045
UPID
US40-0808462
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
2016
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Shibo Investemtns Group LLC
Entity
Mailing address
3401 WALNUT HL CT, FALLS CHURCH, VA 22042-3546
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 31, 2021
$6,175,000
Shibo Investemtns Group LLC
Maryland Square LLC
Deed
$3,965,000 · Td Bank NA
Jun 13, 2019
—
Maryland Square LLC
—
Deed
related
$6,593,000 · Hebron Savings Bank
Mar 30, 2017
—
Hillside Venture LLC
—
Grant Deed
related
$5,700,000 · Hebron Svgs Bk
Oct 11, 2013
—
Maryland Square LLC
City Of Salisbury
Quit Claim Deed
related
—
Aug 30, 2005
—
Maryland Square LLC
Korff,virginia H
Grant Deed
related
—
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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