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Property profile & analytics
OFF-MARKET
Office buildings
308 Ml St, Salisbury, MD 21801-4242
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-2333394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,100 SF
Lot
1.49 ac (64,970 SF)
APN
09-047549
UPID
US40-2333394
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
-
Farmers & Planters Too Department Store Grocery & Convenience 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
by Request
Owner & transaction history
Wicomico River Land Holding Co LLC · 1 yrs held
Wicomico River Land Holding Co LLC
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
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
$6,979
Tax year 2023
Assessed value
$699,600
Assessed 2023
Previous assessed
$699,600
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$260,700
Assessed improvement
$438,900
Land market value
$260,700
Improvement market value
$438,900
Total market value
$699,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
2
Total area
18,100 SF
Lot
1.49 ac (64,970 SF)
APN
09-047549
UPID
US40-2333394
Jurisdiction
WICOMICO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Wicomico River Land Holding Co LLC
Entity
Mailing address
308 ML ST, SALISBURY, MD 21801-4242
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$500,000
Wicomico River Land Holding Co LLC
308 Mill Street Property Holdings L
Deed
$960,000 · Hebron Savings Bank
Jun 1, 2017
—
210 Mill Street LLC
—
Deed
related
$1,470,000 · M&t Bk
May 4, 2016
—
308 Mill Street Property Holdi
—
Deed
related
$800,000 · Bank Of America
Jun 26, 2014
—
Mill Street Property Hold 308
Farmers & Planters Co
Grant Deed
—
Jun 28, 2013
$300,000
Farmers & Planters Co
308 Mill Street LLC
Grant Deed
$240,000 · Bank Of America
May 3, 2004
$370,000
308 Mill Street LLC
Cox,austin H JR
Grant Deed
$400,000 · Suntrust Bank NA
Jul 15, 2002
$409,000
Austin H Cox
Delmarva Chemical Mfg Corp
Grant Deed
$388,000 · Hebron Savings Bank
—
—
308 Mill Street Property Holdi
—
Deed Of Trust
related
$800,000 · Bank Of America
—
—
210 Mill Street LLC
—
Deed Of Trust
related
$1,470,000 · M&t Bk
—
—
210 Mill Street LLC
—
Deed Of Trust
related
$1,500,000 · M&t Bk
—
—
308 Mill Street LLC
—
Deed Of Trust
related
$217,554 · Cejm Investments I LLC
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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