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Property profile & analytics
OFF-MARKET
Investment properties
2906 Merritt Ml Rd Salisbury, MD 21804-1404
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-1330386
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1971
Total area
1,428 SF
Lot
0.74 ac (32,400 SF)
Zoning code
LB1
APN
05-070287
UPID
US40-1330386
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
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
Edwin James Dougherty · 13 yrs held
Edwin James Dougherty
since 2013
5 recorded transactions
Zoning & alternative use
LB1 · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,044
Tax year 2023
Assessed value
$104,633
Assessed 2023
Previous assessed
$99,400
+5.3% YoY
Effective rate
1.00%
On assessed value
Land market value
$40,600
Improvement market value
$74,500
Total market value
$115,100
Applied tax rate
5.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1971
Heating
ELECTRIC
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,428 SF
Lot
0.74 ac (32,400 SF)
Zoning code
LB1
APN
05-070287
UPID
US40-1330386
Jurisdiction
WICOMICO
Zoning & alternative use
LB1 · Salisbury, MD
Zoning LB1 · permitted uses
LB1 · 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.
Building & site characteristics
From public records
Year built
1971
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Edwin James Dougherty
Individual
Mailing address
412 E MAIN ST, SALISBURY, MD 21804-5019
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2013
$72,750
Edwin James Dougherty
Federal National Mortgage Associati
Deed
$80,000 · The Bank Of Delmarva
Feb 23, 2012
$128,400
Federal Natl Mtg Assn Fnma
Bierman Howard N
Trustees Deed
related
—
—
—
Arthur H Weber
—
Deed Of Trust
related
$50,685 · Bank Of America
—
—
Arthur H Weber
—
Deed Of Trust
related
$270,000 · Financial Freedom Senior Fundi
—
—
Arthur H Weber
—
Deed Of Trust
related
$1 · Hud
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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