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Property profile & analytics
FOR LEASE
Community centers
2630 N Salisbury Blvd Salisbury, MD 21801
Entity Owned
14-yr Hold
Free & Clear
Property ID
US40-0183610
For Lease
Contact for pricing
2630 N Salisbury Blvd, Salisbury, MD 21801
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2014
Total area
5,200 SF
Lot
1.92 ac (83,635 SF)
Zoning code
GC
APN
09-017038
UPID
US40-0183610
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
-
Mattress Warehouse of Salisbury - North Furniture & Home Goods
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
Chandrasekhara Family LLC · 14 yrs held
Chandrasekhara Family LLC
since 2011
4 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
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
$20,898
Tax year 2023
Assessed value
$2,095,000
Assessed 2023
Previous assessed
$2,095,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,092,000
Assessed improvement
$1,003,000
Land market value
$1,092,000
Improvement market value
$1,003,000
Total market value
$2,095,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2014
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
5,200 SF
Lot
1.92 ac (83,635 SF)
Zoning code
GC
APN
09-017038
UPID
US40-0183610
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MDZoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of the potential impact of these types of activities, special landscaping and screening requirements are established for certain use
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2014
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
1.92 ac
Current owner
From public records · entity-resolved
Chandrasekhara Family LLC
Entity
Free & Clear · 14 yrs held
Mailing address
27231 LOCH LOMOND CT, SALISBURY, MD 21801-2460
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2011
$700,000
Chandrasekhara Family LLC
Chaser INC
Grant Deed
—
Jul 11, 2008
—
Chaser INC
Marshall,norma B
Grant Deed
related
$300,000 · Farmers Bank Of Willards
Jun 7, 2001
$390,000
Gregg A Schmehling
Marshall,norma B
Grant Deed
$390,000 · Farmers Bank Of Willards
—
—
Chaser INC
—
Deed Of Trust
related
$155,000 · Farmers Bank Of Willards
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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