Property profile

400 Railroad Ave Salisbury, MD 21804

OFF-MARKET
Industrial properties
Property ID
US40-1791227
0.6 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.6 ac (26,120 SF)
Zoning code LI
APN 05-017238
UPID US40-1791227

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Railroad Ave Salisbury, MD 21804-3736
Salisbury metro Census 200 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
Last sale
$200,000
5 recorded transactions
2023
$200,000
2017
Price N/A
2017
$12,973
2004
$35,000
1997
$200,000

Zoning & alternative use

LI · Salisbury, MD
Zoning description

The purpose of the light industrial district is to foster the continuance of existing manufacturing and other light industrial uses and to encourage the location of new industries within the city to continually improve t…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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