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    258 Tilghman Rd Salisbury, MD 21801

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    258 Tilghman Rd Salisbury, MD 21801

    View on Map
    • Outlet malls
    • 78,964 SF
    • 20.42 lot acres
    For Sale
    $5,510,000
    View Listing →
    151,712 SF Salisbury Shopping Center For Sale
    $5,510,000
    151,712 SF

    151,712 SF Salisbury Shopping Center

    151,712 SF shopping center on U.S. Route 50.

    258 Tilghman Road, Salisbury, MD 21801
    View Listing
    Property ID
    US40-0866250
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ollie's Bargain Outlet / Discount Store

    Property Details for 258 Tilghman Rd

    Year built
    1988
    Construction
    BRICK
    Lot size
    20.42 lot acres
    Property size
    78,964 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    05-084679
    APU
    5084679

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,497,000
      Market price range: $3.86M - $17.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5518
    Latitude
    38.3674
    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
    $48,250
    $1,962,200
    $2,874,900
    $4,837,100
    -
    $1,962,200
    $2,874,900
    $4,837,100

    Comparable in this City

    • Value Estimation
      $7,290,000
      114,392 SF

      115 En Pointe Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 114,392 SF
      115 En Pointe Dr, Salisbury, MD 21804-2283
      View Details
    • Value Estimation
      $750,000
      8,259 SF

      701 Snow Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,259 SF
      701 Snow Hl Rd, Salisbury, MD 21804-1937
      View Details
    • Value Estimation
      $6,290,000
      22,373 SF

      112 En Pointe Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 22,373 SF
      112 En Pointe Dr, Salisbury, MD 21804-2287
      View Details
    • Value Estimation
      $4,470,000
      18,907 SF

      105 En Pointe Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 18,907 SF
      105 En Pointe Dr, Salisbury, MD 21804-2283
      View Details
    • Value Estimation
      $5,635,000
      23,500 SF

      109 En Pointe Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 23,500 SF
      109 En Pointe Dr, Salisbury, MD 21804-2283
      View Details
    • Value Estimation
      $2,230,000
      8,320 SF

      1005 Snow Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,320 SF
      1005 Snow Hl Rd, Salisbury, MD 21804-2397
      View Details

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    • $2,950,000
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      Retail/Office Facility in Salisbury, MD

      14,800 SF retail/office facility on 2.02 acres for sale.
      1316 Mount Hermon Rd, Salisbury, MD 21804
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    • $733,500
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      M&T Bank Portfolio Opportunity

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    Similar Nearby for Lease

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      3,976 SF

      Retail Space in Twilley Centre

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      311-337 Mount Hermon Rd, Salisbury, MD 21804
      View Details
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      College Ave Shoppes Retail Space

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    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 14,820 square feet.
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      View Details
    • $11 SF/Yr
      3,000 SF

      Retail and Office Space Available

      Retail/office space in bustling plaza near Route 13 and mall.
      701 E Naylor Mill Rd, Salisbury, MD 21804
      View Details

    Property Visit Statistics

    • Visits by month
      29.1k
    • Visitors by month
      23.2k
    • Avg Time on site
      37 min
    View Listing
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    258 Tilghman Rd
    Salisbury, MD 21801
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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