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Property profile & analytics
FOR SALE
Office Spaces
6508 Deer Pointe Dr Salisbury, MD 21804
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1110883
For Sale
1 / 4
$1,100,000
6508 Deer Pointe Dr, Salisbury, MD 21804
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Total area
2,340 SF
Lot
0.05 ac (2,340 SF)
Zoning code
LB1
APN
05-128552
UPID
US40-1110883
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
-
Veronica Correa Foster Care Service Social Service Agency
-
Sabrina Sahle Foster Care Service Social Service Agency
-
Kimberly Linton Foster Care Service Social Service Agency
-
Enrique Olivares Physician
-
Enrique Bustos Olivares Physician
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
Correa Holdings LLC · 3 yrs held
Correa Holdings LLC
since 2022
Last sale
$350,000
2 recorded transactions
Zoning & alternative use
LB1 · 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
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
$2,645
Tax year 2023
Assessed value
$265,200
Assessed 2023
Previous assessed
$234,000
+13.3% YoY
Effective rate
1.00%
On assessed value
Land market value
$81,900
Improvement market value
$245,700
Total market value
$327,600
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Year built
2009
Heating
NONE
Units
1
Total area
2,340 SF
Lot
0.05 ac (2,340 SF)
Zoning code
LB1
APN
05-128552
UPID
US40-1110883
Jurisdiction
WICOMICO
Zoning & alternative use
LB1 · Salisbury, MD
Zoning LB1 · permitted uses
LB1 · 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
2009
Heating
NONE
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Correa Holdings LLC
Entity
Mailing address
10303 QUARTER DECK LN, BERLIN, MD 21811-2760
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$350,000
Correa Holdings LLC
Professional Park Of Delmarva LLC
Deed
$297,500 · Provident State Bank INC
—
—
Professional Park Of Delmarva
—
Deed Of Trust
related
$400,000 · Hebron Savings Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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