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Property profile & analytics
OFF-MARKET
Estimated value
$13,270,000
Strip malls
2645 Salisbury Blvd, Salisbury, MD 21801-2142
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0056433
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
92,168 SF
Lot
13.4 ac (583,704 SF)
APN
05-069327
UPID
US40-0056433
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
-
Old Navy Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$13.27M
Owner & transaction history
Rcg Lord Salisburypm LLC · 1 yrs held
Rcg Lord Salisburypm LLC
since 2025
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.6M
+225.3%
Medical building
$16.6M
+206.8%
Office building
$13.5M
+150.0%
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
$17,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,610,000
Change: +225% · Conversion: Easy
MEDICAL BUILDING
$16,605,000
Change: +207% · Conversion: Difficult
OFFICE BUILDING
$13,530,000
Change: +150% · Conversion: Moderate
RETAIL STORES
$12,400,000
Change: +129% · Conversion: Easy
RESTAURANT
$11,855,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,290,000
Change: +109% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,585,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$13.27M
Range $11.94M – $14.60M · ±10% · vs last sale $13.46M (Mar 21 2022)
Last sale anchor
$13.46M
Mar 21 2022
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
$144 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$164,491
Tax year 2023
Assessed value
$16,490,300
Assessed 2023
Previous assessed
$15,610,200
+5.6% YoY
Effective rate
1.00%
On assessed value
Land market value
$3,172,200
Improvement market value
$15,078,300
Total market value
$18,250,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
92,168 SF
Lot
13.4 ac (583,704 SF)
APN
05-069327
UPID
US40-0056433
Jurisdiction
WICOMICO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$17.6M
MEDICAL BUILDING
Est. value
$16.6M
OFFICE BUILDING
Est. value
$13.5M
RETAIL STORES
Est. value
$12.4M
RESTAURANT
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
13.4 ac
Current owner
From public records · entity-resolved
Rcg Lord Salisburypm LLC
Entity
Mailing address
23425 COMMERCE PARK STE #103, CLEVELAND, OH 44122-5848
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$15,447,523
Rcg Lord Salisburypm LLC
Arglssalmd001 LLC
Special Warranty Deed
—
Sep 15, 2023
—
Arg Lssalmd001 LLC
—
Deed
related
$260,000,000 · Key Bank NA
Mar 21, 2022
$13,457,064
Arg Lssalmd001 LLC
Vereit Mt Salisbury Md LLC
Special Warranty Deed
—
Apr 8, 2016
$20,800,000
Vereit Mt Salisbury Md LLC
Ia Salisbury LLC
Grant Deed
—
Jul 16, 2007
$21,000,000
Inland American Salisbury LLC
Lord Salisbury Center LLC
Grant Deed
—
Jun 8, 2005
—
City Of Salisbury
Lord Salisbury Center LLC
Grant Deed
related
—
Jul 29, 2004
$2,414,000
Lord Salisbury Center LLC
Salisbury Ents INC
Grant Deed
related
—
—
—
Lord Salisbury Center LLC
—
Deed Of Trust
related
$11,750,000 · Bank Of America
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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