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Property profile & analytics

2420 Salisbury Blvd Salisbury, MD 21801

  • Strip malls
  • 22,500 SF
  • 2.69 lot acres
Value Estimation
Last Sale
Sep 15, 2020
Location Intelligence
Property ID
US40-0935315
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

  • Katie Gilbert / Physical Therapist
  • H&R Block / Tax Consultant / Tax Preparation Service
  • Arlo Scarlett Salon / Hair Salon
  • Cricket Wireless Authorized Retailer / Cell Phone Store
  • Lendmark Financial Services LLC / Loan Agency / Car Finance And Loan Company

Property Details for 2420 Salisbury Blvd

Year built
1994
Construction
BRICK
Lot size
2.69 lot acres
Property size
22,500 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
05-034876
APU
5034876

Description

This 1,600 square foot retail or professional space is situated in the vibrant Lotus Plaza Shopping Center on North Route 13 in Salisbury, Maryland. Currently set up as a hair salon, the space features a large open area at the front, a central section with plumbing for two shampoo bowls, two private offices, a storage closet, and a private bathroom. All existing fixtures, furniture, and equipment (FF&E) will be removed prior to occupancy, providing a blank canvas for your business. The property is located in a Class A shopping center with strong national and local tenants including Jersey Mike's Subs, ATI Physical Therapy, Cricket Mobile, and H&R Block, ensuring high visibility and foot traffic. The center benefits from its proximity to the Salisbury Mall, a major retail destination with consistently high traffic counts exceeding 35,000 vehicles per day. Furthermore, the property's location is less than a quarter-mile from the Salisbury Bypass, providing excellent access and convenient commuting for customers and employees. The property sits on a 2.69-acre lot. This prime location offers an exceptional opportunity for a variety of businesses seeking high visibility and convenient access in a thriving retail environment. The space is available immediately.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $765,000
  • CAP approach

    CAP return
    Estimation
    6%
    $815,000
    6.5%
    $775,000
    7%
    $900,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $785,000
    Geo Method
    $880,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $840,000
    Retail
    $910,000
    Mixed-Use
    $1,000,000
    Hospitality
    $770,000
    Educational
    $990,000
    Residential Income
    $1,000,000
    Energy
    $985,000
    Income-Based Land
    $960,000
    Food Service
    $830,000

Location Insight

  • Map
  • Local Demand
City
Salisbury
County
Wicomico
State
Maryland
Longitude
-75.5694
Latitude
38.4048
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
2023
$17,630
$1,169,000
$598,400
$1,767,400
-
$1,169,000
$598,400
$1,767,400
More about this property
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