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Property profile & analytics
FOR SALE
Warehouses
799 North Salisbury Blvd, Salisbury, MD 21801
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US40-0190204
For Sale
1 / 74
$2,305,000
799 North Salisbury Blvd, Salisbury, MD 21801
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Property summary
AI-generated overview
The ES Adkins Business Center, located at 799-805 North Salisbury Boulevard in Salisbury, Maryland (Zip code 21801), offers a variety of executive office spaces for lease. This Class A property, built in 2000 and renovated in 2013, boasts a total of 81,765 square feet. Currently, 18,183 square feet of space is available, with suites ranging from a minimum of 2,661 square feet to a maximum contiguous space of 7,831 square feet. The building features elevators and ample on-site parking, providing convenient access for tenants and their clients. Its location at a well-lit intersection offers excellent highway frontage and easy accessibility with multiple access points. The property is zoned for General Commercial use (APN: 104/16/1444, Wicomico County) and is situated near the Salisbury downtown area. The building's flexible floor plans cater to diverse business needs, accommodating both professional office space and high-bay warehouse requirements. This mixed-use complex is home to a variety of established businesses, creating a thriving and collaborative environment.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
13,323 SF
Lot
5.87 ac (255,482 SF)
APN
05-082501
UPID
US40-0190204
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
-
One More Rep Gym & Fitness Center
-
Footsteps Dance Academy Theater & Performing Art Venue Training Center
-
Trailways Bus Terminal Parking Lot & Garage
-
Clan Rince Irish Dance Training Center
-
drmatchett Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.31M
Owner & transaction history
E S Adkins & LLC · 24 yrs held
E S Adkins & LLC
since 2001
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+127.3%
Industrial (general)
$2.7M
+62.1%
Retail stores
$2.4M
+46.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,660,000
Current use
AUTO REPAIR, GARAGE
$3,775,000
Change: +127% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,690,000
Change: +62% · Conversion: Easy
RETAIL STORES
$2,430,000
Change: +46% · Conversion: Moderate
OFFICE BUILDING
$2,425,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,185,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±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
$173 / 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
$14,469
Tax year 2023
Assessed value
$1,450,533
Assessed 2023
Previous assessed
$1,277,900
+13.5% YoY
Effective rate
1.00%
On assessed value
Land market value
$360,000
Improvement market value
$1,435,800
Total market value
$1,795,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
3
Stories
1
Units
3
Total area
13,323 SF
Lot
5.87 ac (255,482 SF)
APN
05-082501
UPID
US40-0190204
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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
3
Units
3
Lot
5.87 ac
Current owner
From public records · entity-resolved
E S Adkins & LLC
Entity
Mailing address
799 N SALISBURY BLVD STE #1100, SALISBURY, MD 21801-4115
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2001
$3,555,000
E S Adkins & LLC
E S Adkins & Co
Grant Deed
related
$3,350,000 · Peninsula 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.
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