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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Manufacturing properties
601 Beam St Salisbury, MD 21801-7876
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0814049
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
BRICK
Total area
19,532 SF
Lot
2.94 ac (128,066 SF)
Zoning code
IP
APN
09-047506
UPID
US40-0814049
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
-
Alpharma Pharmaceuticals Factory Production Facility
-
Zoetis, LLC - Salisbury Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.44M
Owner & transaction history
Phibro Animal Health Corporation · 1 yrs held
Phibro Animal Health Corporation
since 2024
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
IP · Salisbury, MD
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,705,000
7%
$1,580,000
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.42M (Aug 12 2024)
Last sale anchor
$1.42M
Aug 12 2024
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
$74 / 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
$6,600
Tax year 2023
Assessed value
$661,700
Assessed 2023
Previous assessed
$661,467
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$158,200
Assessed improvement
$503,500
Land market value
$158,200
Improvement market value
$503,500
Total market value
$661,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
19,532 SF
Lot
2.94 ac (128,066 SF)
Zoning code
IP
APN
09-047506
UPID
US40-0814049
Jurisdiction
WICOMICO
Zoning & alternative use
IP · Salisbury, MD
Zoning IP · permitted uses
IP · 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.
Building & site characteristics
From public records
Year built
1979
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Phibro Animal Health Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
10 SYLVAN WAY, PARSIPPANY, NJ 07054-3825
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$1,420,133
Phibro Animal Health Corporation
Zoetis LLC
Special Warranty Deed
—
Jan 28, 2016
—
Zoetis LLC
Zoetis Products LLC
Quit Claim Deed
—
May 22, 2000
$518,600
Alpharma INC
Roche Vitamins INC
Grant Deed
—
—
—
Alpharma INC
—
Deed Of Trust
related
$475,000 · Credit Suisse
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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