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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Warehouses
32000 Beaver Run Dr Salisbury, MD 21804-1773
Entity Owned
26-yr Hold
Free & Clear
Property ID
US40-0301982
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
10,800 SF
Lot
5.33 ac (232,175 SF)
Zoning code
AR
APN
05-106532
UPID
US40-0301982
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
-
Salisbury Route 50 Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.09M
Owner & transaction history
Davis Commercial Properties · 26 yrs held
Davis Commercial Properties
since 2000
7 recorded transactions
Zoning & alternative use
AR · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ord2410
Top alternative use upside
Auto repair, garage
$3.1M
+115.3%
Industrial (general)
$2.2M
+53.5%
Retail stores
$2.0M
+38.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,420,000
Current use
AUTO REPAIR, GARAGE
$3,060,000
Change: +115% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,180,000
Change: +54% · Conversion: Easy
RETAIL STORES
$1,970,000
Change: +39% · Conversion: Moderate
OFFICE BUILDING
$1,800,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,750,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,134
Tax year 2023
Assessed value
$3,923,200
Assessed 2023
Previous assessed
$3,644,500
+7.6% YoY
Effective rate
1.00%
On assessed value
Land market value
$506,600
Improvement market value
$3,974,000
Total market value
$4,480,600
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
8
Stories
1
Units
8
Bathrooms
1
Total area
10,800 SF
Lot
5.33 ac (232,175 SF)
Zoning code
AR
APN
05-106532
UPID
US40-0301982
Jurisdiction
WICOMICO
Zoning & alternative use
AR · Salisbury, MDZoning AR · permitted uses
AR · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ord2410
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
8
Units
8
Bathrooms
1
Lot
5.33 ac
Current owner
From public records · entity-resolved
Davis Commercial Properties
Entity
Free & Clear · 26 yrs held
Mailing address
PO BOX 1542, CHARLOTTESVILLE, VA 22902-1542
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
—
Storage Management III LLC
—
Deed
related
$1,825,000 · Atlantic Union Bk
Jun 21, 2016
—
Storage Management III LLC
—
Deed
related
$1,700,000 · Union Bk&tr
Feb 9, 2000
—
Davis Commercial Properties
Davis,john C & Renee B
Quit Claim Deed
related
—
—
—
Storage Management III LLC
—
Deed Of Trust
related
$1,665,000 · Branch Bk&tr
—
—
Storage Management III LLC
—
Loan Modification
related
$1,825,000 · Atlantic Union Bk
—
—
Davis Commercial Properties
—
Deed Of Trust
related
$35,000 · Wilmington Trust Fsb
—
—
Davis Commercial Properties
—
Deed Of Trust
related
$156,000 · Wilmington Trust Co
—
—
Davis Commercial Properties
—
Deed Of Trust
related
$820,000 · Wilmington Trust Co
—
—
Davis Commercial Properties Lc
—
Deed Of Trust
related
$1,309,000 · Wilmington Trust Fsb
—
—
Storage Management III LLC
—
Deed Of Trust
related
$1,700,000 · Union Bk&tr
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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