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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Hotels
300 Salisbury Blvd Salisbury, MD 21801-4941
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1306402
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1976
Construction
BRICK
Total area
106,579 SF
Lot
2.19 ac (95,485 SF)
Zoning code
CBD
APN
13-048150
UPID
US40-1306402
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
-
American Harvest Restaurant
-
La Quinta Inn & Suites by Wyndham Salisbury Hotel & Motel
-
Holloway Hall High School
-
Double Tree Hotel Hotel & Motel
-
Shoe Show Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.55M
Owner & transaction history
Robert J Reynolds SR. · 3 yrs held
Robert J Reynolds SR.
since 2022
7 recorded transactions
Zoning & alternative use
CBD · 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
$52 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$38,230
Tax year 2024
Assessed value
$3,987,300
Assessed 2024
Previous assessed
$3,811,967
+4.6% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,232,900
Assessed improvement
$2,754,400
Land market value
$1,232,900
Improvement market value
$2,754,400
Total market value
$3,987,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
5
Units
156
Total area
106,579 SF
Lot
2.19 ac (95,485 SF)
Zoning code
CBD
APN
13-048150
UPID
US40-1306402
Jurisdiction
WICOMICO
Zoning & alternative use
CBD · Salisbury, MD
Zoning CBD · permitted uses
CBD · 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
1976
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
5
Units
156
Lot
2.19 ac
Current owner
From public records · entity-resolved
Robert J Reynolds SR.
Individual
Mailing address
300 S SALISBURY BLVD, SALISBURY, MD 21801-4941
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 12, 2025
—
Maya Lilly Hospitality LLC
—
Deed
related
$1,000,000 · Calvin B Taylor Banking Co Of Berlin Md
Nov 3, 2022
—
Maya Lilly Hospitality LLC
—
Deed
related
$9,250,000 · Calvin B Taylor Banking Co Of Berlin Md
Aug 30, 2022
$120,000
Robert J Reynolds SR.
Dennis K Mcclellan
Deed
—
May 10, 2017
—
Maya Lilly Hospitality LLC
—
Deed
related
$750,000 · Washingtonfirst Bank
Aug 3, 2005
$6,250,000
Deepam Hospitality LLC
Salisbury Blvd LLC
Grant Deed
$1,930,000 · Unity Bank
Dec 12, 2002
$3,050,000
Salisbury Blvd LLC
Salisbury Hospitality INC
Grant Deed
related
$2,440,000 · Regency Savings Bank
Oct 5, 2001
$4,200,000
Salisbury Hospitality INC
Regency Savings Bank
Trustees Deed
—
—
—
Ramada Inn
—
Deed Of Trust
related
$1,984,000 · Chesapeake Business Fin'l Corp
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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