3008 Merritt MlSalisbury, MD 21804

  • Investment properties
  • 3,016 SF
Off market
$7,802,060 Estimated

Property Details for 3008 Merritt Ml

Year built
1984
Lot size
0.78 AC
Property size (Sq ft)
3,016 SF
Zone code
RC
Property type
Investment properties
Property subtype
Live-work space
APN
05-094216
APU
5094216

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $590,326
    6.5%
    $544,916
    7%
    $505,993
  • Comparable approach

    Method
    Valuation
    Relative Method
    $182,485
    Geo Method
    $193,531
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,064,090
    Retail / Commercial
    $546,333
    Hospitality / Lodging
    $400,479
    Office
    $542,232
    Institutional / Educational
    $566,683
    Residential Income
    $663,019
    Multifamily
    $792,245
    Automotive / Energy
    $485,728
    Parking / Income-Based Land
    $167,094
    Restaurant / Food Service
    $284,548
    Healthcare / Senior Housing
    $558,257

Location Insight

City
Salisbury
County
Wicomico
State
Maryland
Latitude
38.3691
Longitude
-75.5448
CBSA code
41540
CBSA name
SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,927
-
-
$193,200
-
$50,800
$168,800
$219,600

FAQs

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Please email our support team at [email protected] and they will add the team member.
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