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Property profile & analytics
FOR SALE
Distribution centers
28594 Naylor Mill Rd, Salisbury, MD 21801
Entity Owned
17-yr Hold
Free & Clear
Property ID
US40-2078356
For Sale
$262,200
28594 Naylor Mill Rd, Salisbury, MD 21801
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
STEEL FRAME
Total area
43,680 SF
Lot
20.02 ac (872,071 SF)
Zoning code
LI
APN
09-025847
UPID
US40-2078356
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
-
Ferguson HVAC Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$8.12M
Blend (final)
Blend
$6.66M
Owner & transaction history
Cole Fg Salisbury Md LLC · 17 yrs held
Cole Fg Salisbury Md LLC
since 2008
3 recorded transactions
Zoning & alternative use
LI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.8M
+62.1%
Retail stores
$8.0M
+46.3%
Office building
$8.0M
+46.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,705,000
6.5%
$4,340,000
7%
$4,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,445,000
Current use
INDUSTRIAL (GENERAL)
$8,820,000
Change: +62% · Conversion: Easy
RETAIL STORES
$7,965,000
Change: +46% · Conversion: Moderate
OFFICE BUILDING
$7,955,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,170,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±10%
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
$152 / 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
$53,902
Tax year 2023
Assessed value
$5,403,700
Assessed 2023
Previous assessed
$5,401,700
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,003,000
Assessed improvement
$2,400,700
Land market value
$3,003,000
Improvement market value
$2,400,700
Total market value
$5,403,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
2007
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
5
Total area
43,680 SF
Lot
20.02 ac (872,071 SF)
Zoning code
LI
APN
09-025847
UPID
US40-2078356
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Salisbury, MD
Zoning LI · permitted uses
LI · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
RETAIL STORES
Est. value
$8.0M
OFFICE BUILDING
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (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
2007
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
5
Lot
20.02 ac
Current owner
From public records · entity-resolved
Cole Fg Salisbury Md LLC
Entity
Free & Clear · 17 yrs held
Mailing address
12500 JEFFERSON AVE, NEWPORT NEWS, VA 23602-4314
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2008
$10,782,339
Cole Fg Salisbury Md LLC
Ferguson Ents INC
Grant Deed
—
Sep 11, 2006
$1,371,370
Ferguson Ents INC
Westwood Dev LLC
Grant Deed
—
Feb 15, 2000
$944,320
H&r Pepsi LLC
Pepsi-cola Bottling Co Salisbu
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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