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    Property profile & analytics

    307 Civic Ave Salisbury, MD 21804

    • Strip malls
    • 57,500 SF
    • 3.88 lot acres
    For Sale
    View listing
    $23
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1287500
    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

    • Shore Appliance Connection Inc. / Appliance Store / Appliance Parts Supplier
    • Kitchen Design & Millwork / Kitchen Remodeler
    • Prom & Bridal Shop - by Dryden Dress / Formal Wear Store / Dress Store

    Property Details for 307 Civic Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.88 lot acres
    Property size
    57,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    05-086108
    APU
    5086108

    Description

    Exceptional commercial land opportunity in Salisbury, Maryland, awaits development. This 2.06-acre site offers 89,750 square feet of build-to-suit potential, ideally situated on Mount Hermon Road. Its strategic location provides unparalleled access to high traffic volume, boasting proximity to the bustling Twilley Center, a well-established retail and professional hub. Less than a quarter-mile from Route 50, a major thoroughfare connecting to Ocean City, this property benefits from an average daily traffic count of nearly 40,000 vehicles, ensuring consistent visibility and accessibility for any business. This presents a unique chance to establish a presence in a thriving commercial area with a strong existing customer base. The property is zoned for commercial use and is available for build-to-suit leasing, with starting rates negotiable at $23 per square foot. This flexible approach allows for customized development to meet specific business needs, making it an attractive proposition for a variety of commercial ventures. Located in Wicomico County, Maryland, with a Salisbury address and zip code 21804, this property offers a prime location for businesses seeking high visibility and convenient access to major transportation routes. Seize this opportunity to establish your business in a high-traffic, well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,547,000
      Market price range: $1.55M - $11.7M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5729
    Latitude
    38.3668
    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
    $21,858
    $587,600
    $1,603,700
    $2,191,300
    -
    $587,600
    $1,603,700
    $2,191,300

    Comparable in this City

    • Value Estimation
      $1,025,000
      18,590 SF

      118 Ss Blvd

      SHOPPING CENTER, STRIP CENTER • 18,590 SF
      118 Ss Blvd, Salisbury, MD 21804-6465
      View Details
    • Value Estimation
      $14,225,000
      53,979 SF

      125 College Ave

      SHOPPING CENTER, STRIP CENTER • 53,979 SF
      125 College Ave, Salisbury, MD 21804-7122
      View Details
    • Value Estimation
      $2,855,000
      129,000 SF

      337 Mt Hermon Rd

      SHOPPING CENTER, STRIP CENTER • 129,000 SF
      337 Mt Hermon Rd, Salisbury, MD 21804
      View Details
    • Value Estimation
      $2,325,000
      28,800 SF

      305 Tilghman Rd

      SHOPPING CENTER, STRIP CENTER • 28,800 SF
      305 Tilghman Rd, Salisbury, MD 21804-1920
      View Details
    • Value Estimation
      $2,070,000
      30,080 SF

      701 Roland St

      SHOPPING CENTER, STRIP CENTER • 30,080 SF
      701 Roland St, Salisbury, MD 21804-5939
      View Details
    • Value Estimation
      $1,010,000
      12,230 SF

      810 Beaglin Park Dr

      SHOPPING CENTER, STRIP CENTER • 12,230 SF
      810 Beaglin Park Dr, Salisbury, MD 21804-9119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,432 SF

      Retail Plaza in Salisbury Development

      Retail space available in Salisbury's growing development area.
      501-801 E Naylor Mill Rd, Salisbury, MD 21804
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      New Salisbury Retail/Office Development

      New retail/office development with pad site and high-speed internet.
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      7-Eleven NNN Retail Investment

      High-return 7-Eleven, MD. Strong lease.
      31997 Beaver Run Dr, Salisbury, MD 21804
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    • $3,250,000
      2.02 Acres

      Retail Facility in Salisbury, MD

      14,800 SF retail building on 2.02 acres for sale.
      1316 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $250,000
      0.74 Acres

      Deer Pointe Pad Sites: Prime Location

      Two 0.37-acre pads, 10,000 SF potential.
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      M&T Bank Portfolio Opportunity

      Triple Net Investment Sale opportunity comprised of a 3-property portfolio.
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    Similar Nearby for Lease

    • $5,242 /Mo
      3,976 SF

      Retail Space in Twilley Centre

      3976 SF retail space with high visibility, easy access.
      311-337 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $3 SF/Yr
      1,600 SF

      College Ave Shoppes Retail Space

      Prime Salisbury retail space, 1600 sq ft.
      720 E College Ave - Unit D | Salisbury, MD 21804, Salisbury, MD 21804
      View Details
    • $15 SF/Yr

      Restaurant Space with Outdoor Seating

      3,364 sqft restaurant space available in Salisbury, MD.
      947 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $7 SF/Yr

      Twilley Centre Retail/Office Space

      Retail, office, and flex space available in Salisbury, Maryland.
      Civic Ave, Salisbury, MD 21804
      View Details
    • $6 SF/Yr
      1,400 SF

      Retail Space Available For Rent

      1,400 sq.ft. retail space available for lease.
      232-260 Tilghman Rd, Salisbury, MD 21804
      View Details
    • $1,467 /Mo
      162,043 SF

      Retail Space in Salisbury, MD

      1,600 sq ft retail space in a desirable location.
      720 E College Ave, Salisbury, MD 21804
      View Details
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    307 Civic Ave
    Salisbury, MD 21804
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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