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    Property profile & analytics

    3002 Merritt Ml Rd Salisbury, MD 21804-1406

    • Investment properties
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1678540
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 3002 Merritt Ml Rd

    Year built
    2015
    Lot size
    0.47 lot acres
    Zone code
    LB1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    05-048613
    APU
    5048613

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5458
    Latitude
    38.3698
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $329
    $0.00
    $0.00
    $32,967
    -
    $19,100
    $16,200
    $35,300

    Comparable in this City

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      402 Church St

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      114 Evans Pl

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      319 Locust St

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      902 Mt Hermon Rd

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      902 Mt Hermon Rd, Salisbury, MD 21804-5174
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    • Value Estimation by Request
      1,605 SF

      1129 Snow Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,605 SF
      1129 Snow Hl Rd, Salisbury, MD 21804-1940
      View Details

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    3002 Merritt Ml Rd
    Salisbury, MD 21804-1406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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