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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Specialty properties
821 William St Salisbury, MD 21804-5028
Individually Owned
Free & Clear
Property ID
US40-1001483
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1955
Construction
BRICK
Total area
4,985 SF
Lot
0.65 ac (28,200 SF)
Zoning code
R8
APN
05-026946
UPID
US40-1001483
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
-
Veterans of Foreign Wars Advocacy Group Social Service Agency
-
V.F.W. Meuse Post 194 Advocacy Group Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$570k
Owner & transaction history
V F W POST 194
V F W POST 194
Zoning & alternative use
R8 · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
UNICIPAL CODE AND SECTION 4.04 OF ARTICLE 66B OF THE ANNOTATED CODE OF MARYLAND FOR THE PURPOSE OF AMENDING SECTIONS 17.156.030, 17.160.030, AND 17.04. 120 TO ADD SOLAR FARMS AND A DEFINITION OF SOLAR FARMS IN THE R- 5, R- 8, R- 10, R- 5A, R- 8A, AND R- 10A RESIDENTIAL DISTRICTS. WHEREAS, the ongoing application, administration and enforcement of Title 17, Z…
Zone name
Residential
General category
RESIDENTIAL
Zone area
744.80 ac
Source
Ord2410
Top alternative use upside
Medical building
$900,000
+63.3%
Office building
$775,000
+40.5%
Retail stores
$680,000
+24.1%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$550,000
Current use
MEDICAL BUILDING
$900,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$680,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$114 / 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
Assessed value
$298,567
Assessed 2023
Previous assessed
$287,300
+3.9% YoY
Land market value
$132,400
Improvement market value
$188,700
Total market value
$321,100
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
4,985 SF
Lot
0.65 ac (28,200 SF)
Zoning code
R8
APN
05-026946
UPID
US40-1001483
Jurisdiction
WICOMICO
Zoning & alternative use
R8 · Salisbury, MDZoning R8 · permitted uses
R8 · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
UNICIPAL CODE AND SECTION 4.04 OF ARTICLE 66B OF THE ANNOTATED CODE OF MARYLAND FOR THE PURPOSE OF AMENDING SECTIONS 17.156.030, 17.160.030, AND 17.04. 120 TO ADD SOLAR FARMS AND A DEFINITION OF SOLAR FARMS IN THE R- 5, R- 8, R- 10, R- 5A, R- 8A, AND R- 10A RESIDENTIAL DISTRICTS. WHEREAS, the ongoing application, administration and enforcement of Title 17, Zoning of the Salisbury Municipal Code, demonstrates a need for periodic review, eval
Zone name
Residential
General category
RESIDENTIAL
Zone area
744.80 ac
Source
Ord2410
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$900,000
OFFICE BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$515,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
V F W POST 194
Individual
Free & Clear · 0 yrs held
Mailing address
821 E WILLIAM ST, SALISBURY, MD 21804-5028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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