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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Community centers
8245 Dickerson Ln Salisbury, MD 21804-2280
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-2334436
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Construction
CONCRETE
Total area
15,000 SF
Lot
3.19 ac (138,956 SF)
Zoning code
GC
APN
05-109345
UPID
US40-2334436
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
-
US Navy Enlisted Recruiting Military Recruiting Office
-
US Marine Corps Recruiting Military Recruiting Office
-
Cute Little Giggles Daycare Center Daycare Center
-
Aaron Bergeron, The Payne Team of RE/MAX Advantage Realty Real Estate Agency
-
U.S. Air Force and Space Force Recruiting Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.51M
Owner & transaction history
Bing Ents LLC · 13 yrs held
Bing Ents LLC
since 2013
4 recorded transactions
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.4M
+90.0%
Medical building
$2.7M
+51.4%
Restaurant
$2.6M
+45.7%
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%
$4,300,000
6.5%
$3,965,000
7%
$3,685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,390,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$2,705,000
Change: +51% · Conversion: Difficult
RESTAURANT
$2,600,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$2,325,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$234 / 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
$30,470
Tax year 2023
Assessed value
$3,054,600
Assessed 2023
Previous assessed
$3,914,800
-22.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$877,200
Assessed improvement
$2,177,400
Land market value
$877,200
Improvement market value
$2,177,400
Total market value
$3,054,600
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
3
Total area
15,000 SF
Lot
3.19 ac (138,956 SF)
Zoning code
GC
APN
05-109345
UPID
US40-2334436
Jurisdiction
WICOMICO
Zoning & alternative use
GC · Salisbury, MDZoning GC · permitted uses
GC · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of the potential impact of these types of activities, special landscaping and screening requirements are established for certain use
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
1,140.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
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
2004
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
3.19 ac
Current owner
From public records · entity-resolved
Bing Ents LLC
Entity
Mailing address
206 E MAIN ST, SALISBURY, MD 21801-4923
Ownership since
2013
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
May 2, 2013
$5,925,000
Bing Ents LLC
Bankruptcy Estate Of Avalon Plaza
Grant Deed
$3,625,000 · Union First Market Bank
Dec 21, 2005
$6,611,250
Avalon Plaza LLC
Commercial Investment Ptshp LLC
Grant Deed
$5,200,000 · Cibc INC
Dec 23, 2003
—
Commercial Investment Ptshp Ll
Davis,john A
Grant Deed
related
—
—
—
Bing Ents LLC
—
Deed Of Trust
related
$3,614,500 · First Virginia Community 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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