Freestanding Retail Space with
For Sale
$2,950,000
1316 MOUNT HERMON Road, Salisbury, MD 21804
Commercial Sale, SALISBURY, MD
Property Size14,800 SF
Lot Size2.02 Acres
Price / SF$199.32
Days on Market464
Property Features for 1316 MOUNT HERMON Road
General Information
Property type
Other
Property subtype
Retail
Parking
80
Parking features
Parking Lot
Elementary school district
WICOMICO COUNTY PUBLIC SCHOOLS
Middle school district
WICOMICO COUNTY PUBLIC SCHOOLS
High school district
WICOMICO COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
2.02 Acres
Taxes and HOA fees
Tax Annual Amount
75531
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2003
Number of units
1
Building materials
Brick
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Added: Jun 2, 2025
Changed: Sep 5
Last Checked: Sep 8 at 10:06AM
MLS# MDWC2018256
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 freestanding retail property offers 14,800 square feet within an open, adaptable layout. The building was constructed in 2003 with brick construction, central air, and heat-pump heating. Existing improvements include a drive-through and a lighted parking lot, while the interior configuration can support continued retail use or conversion to office space.
The 2.02-acre site occupies the signalized intersection of Mt. Hermon Road and Beaglin Park Drive in Salisbury, with multiple access points from both roads. Flexible zoning supports retail, office, medical, and service-oriented uses. The property also provides a substantial paved parking area and a highly adaptable commercial footprint.
The 2.02-acre site occupies the signalized intersection of Mt. Hermon Road and Beaglin Park Drive in Salisbury, with multiple access points from both roads. Flexible zoning supports retail, office, medical, and service-oriented uses. The property also provides a substantial paved parking area and a highly adaptable commercial footprint.
Key Highlights
- 14,800‑square‑foot freestanding retail facility
- 2.02‑acre site at Mt. Hermon Road and Beaglin Park Drive
- Multiple ingress and egress points from both adjoining roads
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$254,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,088,240
$5.1M
Cap Rate 7%
$3,634,457
$3.6M
Cap Rate 9%
$2,826,800
$2.8M
Market Conditions
NOI Build-Up for 14,800 SF
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.
Gross rent
$355.2K $24.00/SF
− Vacancy
−$16.0K −$1.08/SF
EGI
$339.2K $22.92/SF
− OpEx
−$84.8K −$5.73/SF
NOI
$254.4K $17.19/SF
Area
Wicomico County, MD
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,088,240
Cap Rate 7%
$3,634,457
Cap Rate 9%
$2,826,800
Alternative Uses
Best Use
Retail
$4.46M
$3.90M – $5.20M
NOI $311,929 @ 7.0% cap · market cap 10.57%
Second Best
Specialty Retail
$3.63M
$3.18M – $4.24M
NOI $254,412 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,401 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 29%
Home Improvements & Furnishings 3%
Burger King
Dining
13,578 visits/mo
0.5 miles
PNC Bank
Shops & Services
11,012 visits/mo
0.4 miles
Dollar General
Shops & Services
9,501 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,672 visits/mo
0.3 miles
Mariner Finance
Shops & Services
1,999 visits/mo
0.4 miles
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Open, fully conditioned space with flexible zoning for retail, office, medical, or service-oriented uses.
Where is this retail space located?
The property is located at 1316 MOUNT HERMON Road Salisbury, MD.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 14,800‑square‑foot freestanding retail facility; 2.02‑acre site at Mt. Hermon Road and Beaglin Park Drive; Multiple ingress and egress points from both adjoining roads
