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Property profile & analytics
FOR SALE
Office buildings
732 E Main St, Salisbury, MD 21804
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-1052610
For Sale
1 / 3
$365,000
732 E Main St, Salisbury, MD 21804
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
BRICK
Total area
3,696 SF
Lot
0.29 ac (12,700 SF)
APN
05-001005
UPID
US40-1052610
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
-
CENTURY 21 Harbor Realty Real Estate Agency
-
Salisbury Elite Fitness Medical Clinic
-
James Patrick, Century 21 Harbor Realty Real Estate Agency
-
Mark Rekos Physician
-
Rx Design & Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$500k
Owner & transaction history
Hyperborea Properties LLC · 2 yrs held
Hyperborea Properties LLC
since 2023
Last sale
$450,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$675,000
+9.5%
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
$525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
RETAIL STORES
$675,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$600,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $450k (Aug 30 2023)
Last sale anchor
$450k
Aug 30 2023
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
$135 / 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
$3,154
Tax year 2023
Assessed value
$316,233
Assessed 2023
Previous assessed
$315,000
+0.4% YoY
Effective rate
1.00%
On assessed value
Land market value
$73,200
Improvement market value
$245,500
Total market value
$318,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1955
Construction
BRICK
Heating
HOT WATER
Stories
1
Units
1
Total area
3,696 SF
Lot
0.29 ac (12,700 SF)
APN
05-001005
UPID
US40-1052610
Jurisdiction
WICOMICO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
RETAIL STORES
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$600,000
OFFICE BUILDING Current
RETAIL STORES
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
1955
Construction
BRICK
Heating
HOT WATER
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Hyperborea Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
27135 E LILLIAN ST HEBRON
Ownership since
2023
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
Aug 30, 2023
$450,000
Hyperborea Properties LLC
Kostis Properties Of Delmarva LLC
Deed
—
Feb 16, 2023
$370,000
Kostis Properties LLC
Laytons LLC
Deed
$232,500 · Provident State Bank INC
Aug 18, 2016
—
Laytons LLC
Layton,brock R
Quit Claim Deed
related
$155,000 · Bank Of Del Mar Va
Jul 9, 2012
$165,000
Brock Layton
Cypress Creek LLC
Grant Deed
$165,000 · Cypress Creek LLC
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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