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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Distribution centers
520 Marvel Rd, Salisbury, MD 21801-7899
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-0792058
Property summary
AI-generated overview
This exceptional 3,340-square-foot Class A warehouse space is available for lease in Salisbury, Maryland's desirable Northwood Industrial Park. Situated at the corner of Marvel Road and Shipley Drive, this property offers unparalleled convenience with easy access to Routes 13 and 50. The space, part of a multi-tenant industrial facility, is currently vacant and boasts two drive-through bays equipped with four 14' x 14' doors. The warehouse features 15-foot clear ceiling heights and is heated, providing a comfortable and efficient work environment. Ample outdoor space is available for convenient truck parking or additional storage. This light industrial zoned property in Wicomico County is perfect for a variety of businesses. The landlord is willing to renovate the space to meet the specific needs of a qualified tenant, making this an exceptional opportunity to customize your ideal workspace. The property is classified as a warehouse and distribution facility. This is the only available space in the building.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1959
Construction
BRICK
Total area
13,200 SF
Lot
4.54 ac (197,762 SF)
Zoning code
LI
APN
09-045317
UPID
US40-0792058
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
-
Alsco Uniforms (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.31M
Owner & transaction history
Kraus Dev LLC · 14 yrs held
Kraus Dev LLC
since 2012
5 recorded transactions
Zoning & alternative use
LI · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+31.7%
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%
$1,420,000
6.5%
$1,310,000
7%
$1,220,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,645,000
Current use
COMMERCIAL (GENERAL)
$2,165,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$99 / 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
$7,864
Tax year 2023
Assessed value
$788,400
Assessed 2023
Previous assessed
$701,267
+12.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$236,200
Assessed improvement
$552,200
Land market value
$236,200
Improvement market value
$552,200
Total market value
$788,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,200 SF
Lot
4.54 ac (197,762 SF)
Zoning code
LI
APN
09-045317
UPID
US40-0792058
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Salisbury, MD
Zoning LI · permitted uses
LI · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Kraus Dev LLC
Entity
Mailing address
800 RACE RD, BALTIMORE, MD 21221-3114
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Kraus Dev LLC
—
Deed
related
$612,000 · Shore United Bk
Dec 29, 2017
—
Keraus Deveopmertn LLC
—
Deed
related
$1,000,000 · Cnb
Jun 25, 2012
$277,700
Kraus Dev LLC
Yrc INC
Grant Deed
—
—
—
Roadwaye Express INC
—
Deed Of Trust
related
—
—
—
Kraus Dev LLC
—
Deed Of Trust
related
$612,000 · Shore United Bk
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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