Property profile

28510 Ocean Gtwy Salisbury, MD 21801

OFF-MARKET
Turn key restaurants
Property ID
US40-2232665
1,673 SF 0.76 ac lot Built 1962
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Construction BRICK
Total area 1,673 SF
Lot 0.76 ac (32,914 SF)
Zoning code R15
APN 09-000526
UPID US40-2232665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Moving Company

Location

28510 Ocean Gtwy Salisbury, MD 21801-2004
Salisbury metro Census 10200 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2018
5 recorded transactions
2018
$75,000
2014
Price N/A
2011
$150,000
2006
$275,000
2001
Price N/A

Zoning & alternative use

R15 · Salisbury, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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