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    Property profile & analytics

    2408 Salisbury Blvd Salisbury, MD 21801-2137

    • Drive through restaurants
    • 5,040 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimation
    $7,280,000
    Last Sale
    Mar 31, 2021
    $6,175,000
    Location Intelligence
    Property ID
    US40-0808462
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Five Guys / Hot Dog Restaurant / Hot Dog Stand

    Property Details for 2408 Salisbury Blvd

    Year built
    2016
    Construction
    BRICK
    Lot size
    2.01 lot acres
    Property size
    5,040 SF
    Zone code
    GC
    Property type
    Drive through restaurants
    APN
    05-045045
    APU
    5045045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,345,000
      6.5%
      $5,770,000
      7%
      $6,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,970,000
      Geo Method
      $6,820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,470,000
      Retail
      $6,675,000
      Mixed-Use
      $7,160,000
      Hospitality
      $6,370,000
      Educational
      $5,705,000
      Residential Income
      $5,340,000
      Energy
      $7,095,000
      Income-Based Land
      $6,130,000
      Food Service
      $6,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5697
    Latitude
    38.4034
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,906
    $0.00
    $0.00
    $4,996,500
    -
    $2,001,000
    $3,916,700
    $5,917,700

    Comparable in this City

    • Value Estimation by Request
      3,772 SF

      1301 Salisbury Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,772 SF
      1301 Salisbury Blvd, Salisbury, MD 21801-6840
      View Details
    • Value Estimation
      $470,000
      2,510 SF

      101 Naylor Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,510 SF
      101 Naylor Ml Rd, Salisbury, MD 21801-1109
      View Details
    • Value Estimation by Request
      3,560 SF

      2413 Salisbury Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,560 SF
      2413 Salisbury Blvd, Salisbury, MD 21801-2138
      View Details
    • Value Estimation by Request
      3,170 SF

      2734 Salisbury Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,170 SF
      2734 Salisbury Blvd, Salisbury, MD 21801-2289
      View Details
    • Value Estimation by Request
      754 SF

      1000 Isabella St

      DRIVE-THRU RESTAURANT, FAST FOOD • 754 SF
      1000 Isabella St, Salisbury, MD 21801-5117
      View Details
    • Value Estimation
      $335,000
      2,030 SF

      1204 Nanticoke Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,030 SF
      1204 Nanticoke Rd, Salisbury, MD 21801-8217
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      137,849 SF commercial land within a super regional mall.
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    • Contact for pricing
      3,050 SF

      Freestanding Building Near Salisbury University

      Two-story brick building near Salisbury University with high traffic location.
      1503 S Salisbury Blvd, Salisbury, MD 21801
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    • $1,095,000
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      Salisbury Retail Center Investment Opportunity

      Two buildings, high-traffic location, excellent potential.
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    Similar Nearby for Lease

    • $185,000
      3,560 SF

      Prime Retail Space on Salisbury Blvd

      Sublease opportunity in high-traffic Salisbury location with drive-through.
      2413 N Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $5,362 /Mo

      Freestanding Retail/Restaurant Building For Lease

      Freestanding retail/restaurant building on highly traveled corridor.
      1053 N Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $28 SF/Yr
      44,867 SF

      Restaurant Space on Route 13

      Former restaurant space with high traffic and existing equipment.
      109-B Hampshire Rd, Salisbury, MD 21801
      View Details
    • $4,000 /Mo
      800 SF

      Restaurant/Retail Space For Rent

      Restaurant or retail property available for rent.
      754 S Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $10 SF/Yr
      17,860 SF

      Route 13 Frontage Retail/Office Space

      Retail/Office space on Route 13 near Salisbury University.
      1516 S Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $7 SF/Yr
      1,177 SF

      Retail/Office Space Near Downtown

      Inline retail/office space in Salisbury Shopping Center.
      200 Cypress St, Salisbury, MD 21801
      View Details

    Property Visit Statistics

    • Visits by month
      24.0k
    • Visitors by month
      17.6k
    • Avg Time on site
      20 min
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    Salisbury, MD 21801-2137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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