Medical Office Suite with Exam
145 E CARROLL Street Salisbury, MD 21801
145 E CARROLL Street, Salisbury, MD, 21801
$300,000
For Sale
$300,000
Commercial Sale - SALISBURY, MD
Property Size2,062 SF
Price / SF$145.49
Days on Market402
Property Features for 145 E CARROLL Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 77
- Parking features
- Special Needs, Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 5133
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1986
- 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 17, 2025 Updated: Jul 9 at 10:37AM Checked: Jul 23 at 12:06AM
MLS# MDWC2018458
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.
Medical/professional office suite available for sale in the H. Gray Reeves Professional Center. The space includes a spacious waiting area, reception/check-in area, two private offices, five exam rooms, a kitchenette, and two restrooms, providing a functional layout for healthcare and related professional uses.
The building is directly across from Tidal Health Peninsula Regional Hospital, and the center offers 75+ parking spaces. Visibility is supported with building signage and over-the-door signage, and the property is described as being in a highly accessible mid-Salisbury location.
The professional center is served by an established tenant mix, including Tidal Health Community Clinic, Tidal Health General Surgery, Granger & Magee, and Affordable Booking.
The building is directly across from Tidal Health Peninsula Regional Hospital, and the center offers 75+ parking spaces. Visibility is supported with building signage and over-the-door signage, and the property is described as being in a highly accessible mid-Salisbury location.
The professional center is served by an established tenant mix, including Tidal Health Community Clinic, Tidal Health General Surgery, Granger & Magee, and Affordable Booking.
Key Highlights
- 2,062 SF medical/professional office in H. Gray Reeves Professional Center
- Located directly across from Tidal Health Peninsula Regional Hospital
- Includes spacious waiting area, reception/check‑in, 2 private offices, 5 exam rooms, kitchenette, and 2 restrooms
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 | $52.0k | $25.20 |
| − Vacancy | −$6.5k | −$3.15 |
| EGI | $45.5k | $22.05 |
| − OpEx | −$18.2k | −$8.82 |
| NOI | $27.3k | $13.23 |
2,062 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 13.12%
Second Best
Healthcare Medical
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$721.3K
$631.1K – $841.5K
NOI $50,491 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fleckenstein Pamela M
Physician
Dr. Melissa Devito
Physician
Grasso Joseph A MD
Physician
Dr. Sandar Aye
Physician
Andy Pierre
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical/professional office suite with waiting, reception, five exam rooms, two restrooms, and kitchenette.
Where is this medical office space located?
The property is located at 145 E CARROLL Street Salisbury, MD.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,062 SF medical/professional office in H. Gray Reeves Professional Center; Located directly across from Tidal Health Peninsula Regional Hospital; Includes spacious waiting area, reception/check‑in, 2 private offices, 5 exam rooms, kitchenette, and 2 restrooms
