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Medical Office Condo Corner Unit

106 MILFORD Street Salisbury, MD 21804

106 MILFORD Street, Salisbury, MD, 21804
$199,900
For Sale
$199,900

Commercial Sale - SALISBURY, MD

Property Size1,125 SF
Price / SF$177.69
Days on Market287

Property Features for 106 MILFORD Street

General Information

Property type
Other
Property subtype
Office
Parking
50
Parking features
Special Needs, Parking Lot
Standard status
Active

Taxes and HOA fees

Tax Annual Amount
2353

Utilities

Heating system
Heat Pump (Heating)
Cooling system
Heat Pump

Building Details

Number of units
1
Building materials
Brick
Listing agency SVN/Miller Commercial Real Estate
Listed by Florence Brotzman · License #597618
Added: Oct 10, 2025 Updated: Jul 9 at 10:41AM Checked: Jul 23 at 4:06AM
MLS# MDWC2019796

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This 1,125 sq. ft. medical/professional office condo is located within The Milford Professional Center and is offered for sale. The unit is in nice condition and configured as a corner space with a front large open area divided by a service counter, along with a private office and restroom toward the back. A side drive-up window supports patient access, and the unit includes signage over the front door plus visibility from the complex sign in front of the suite. Private rear parking is available.

The Milford Professional Center is an established, well landscaped professional environment with physicians, lab, and other professional users. The property is located about 2 miles from Tidal Health and approximately 1 mile from Salisbury University.

Please note that the space cannot be leased as a pharmacy.

Key Highlights

  • 1,125 SF medical/professional office condo in The Milford Professional Center
  • Corner unit with side drive‑up window and private rear parking
  • Front large open area with service counter, plus private office and restroom at the back

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $28.4k $25.20
− Vacancy −$3.5k −$3.15
EGI $24.8k $22.05
− OpEx −$9.9k −$8.82
NOI $14.9k $13.23
1,125 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%

Alternative Uses

Best Use
Office B
$306.9K
$268.5K – $358.0K (±1% cap)
NOI $21,481 @ 7.0% cap · market cap 10.75%
Second Best
Healthcare Medical
$212.6K
$186.1K – $248.1K (±1% cap)
NOI $14,884 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$393.5K
$344.3K – $459.1K (±1% cap)
NOI $27,547 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

J.A. McLaughlin, Dmd, ... Dental Office Twilly Judy Dental Office Morgan III Russ ... Dental Office Dyer Dental Dental Office Weirick Sharon Dental Office

Suggested Use

Law Firm Big Box & Wholesale Store Auto Repair Shop Building Supply Auto Parts Store HVAC Service Grocery & Convenience Store Electrical Service Garden Center Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Pets On The Shore Veterinary Hospital — 235 Dykes Rd, Salisbury, MD 21804

FAQs

What type of property is this?
Medical Office Space - 1,125 sq. ft. medical/professional office condo with a front open area, private back office and restroom, plus private rear parking.
Where is this medical office space located?
The property is located at 106 MILFORD Street Salisbury, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,125 SF medical/professional office condo in The Milford Professional Center; Corner unit with side drive‑up window and private rear parking; Front large open area with service counter, plus private office and restroom at the back
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