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    201 W MAIN Street Salisbury, MD 21801

    View on Map
    For Sale
    $800,000

    Commercial Sale - SALISBURY, MD

    Type:Office
    Property size:
    12,700 SF
    Lot size:
    0.19 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    262
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 201 W MAIN Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    3
    Parking features
    On Street
    Standard status
    Active
    Size
    12,700 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    10000

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Building materials
    Brick

    We can help!

    Listing Contact
    Chris Peek

    Listing agent Chris Peek License #27688

    Listing office SVN/Miller Commercial Real Estate 206 E Main Street, Salisbury, MD

    Listing date Jul 14, 2025

    MLS# MDWC2018890

    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.

    Overview

    Historic Downtown Salisbury Professional Building

    Available for sale or lease, this historic, classically designed two-story professional building offers approximately 12,700 sq ft of space on the downtown plaza. The property features entrances on both East Church Street and the Plaza, with multiple office and conference spaces throughout. A partial basement is also included. Situated in the heart of Downtown Salisbury Historic District, the building is adjacent to First National Bank and the City Center, offering convenient access to Downtown Administrative Buildings, the Courthouse, and RT50. It is also located minutes from the Wicomico County Courthouse and the growing Port of Salisbury Marina. The property is located in an Enterprise Zone and an Arts & Entertainment District, which may offer specific benefits and possible tax credits for working artists. Zoned CBD, the property's strategic location in the heart of Salisbury makes it an ideal setting for a wide range of professional ventures. The 0.19-acre lot offers versatility for creating a distinctive and compelling business environment, whether envisioning a modern office space or seeking to preserve the historic charm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maryland Legal Aid ... Law Firm Salisbury Neighborhood Services City Government Office Robins Matthew Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.60167
    Latitude
    38.36556

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    FAQs

    What type of property is this?
    Office building - Two-story, 12,700 sq ft building in Salisbury's Historic District.
    Where is this office building located?
    The property is located at 201 W MAIN Street Salisbury, MD.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Prime downtown plaza location in Salisbury Historic District, adjacent to First National Bank and City Center.; Large, historic 12,700 sq ft (approximate) two‑story professional building with entrances on East Church Street and the Plaza.; Zoned CBD, offering versatility for a wide range of professional ventures.
    (410) 603-9112
    We can help!
    Listing Contact
    Chris Peek
    Real Estate License ID: 27688
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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