1301 StateDelmar, MD 21875

Property Details for 1301 State

Year built

2006

Construction

CONCRETE

Lot size

1.74 AC

Property size (Sq ft)

14,564 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

11-028306

APU

11028306

• CAP approach

  CAP return

  Valuation

  6%

  $4,616,292

  6.5%

  $4,261,193

  7%

  $3,956,822

• Comparable approach

  Method

  Valuation

  Method 1

  $2,308,878

  Method 2

  $2,308,878

• Alternative Use

  Use

  Valuation

  Residential

  $3,594,476

  Hospitality

  $3,292,520

  Educational

  $2,739,338

  Medical

  $2,833,548

  Retail

  $4,261,193

Location Insight

City

Delmar

County

Wicomico

State

Maryland

Latitude

38.4551

Longitude

-75.5593

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $3,300,700
• Assessed land value
  $1,000,500
• Assessed value
  $4,301,200
• Tax year
  2023
• Tax bill
  $42,905

FAQs

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