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    2020 Northwood Dr Salisbury, MD 21801

    Sponsored
    For Sale
    $1,990,000

    High-yield NNN lease, strong tenant.

    Property size:
    20,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 20,000 square foot industrial property, located at 2020 Northwood Drive in Salisbury, Maryland, presents a compelling investment opportunity. The property features a single-tenant, net-net-net (NNN) lease with Toroid, a strong credit tenant, providing significant financial stability. The current lease has a remaining term of 10.8 years, offering long-term income security. The property boasts a current net operating income (NOI) of $120,000 annually, with built-in rent increases of 10% every five years, ensuring consistent growth in cash flow. The NNN lease structure eliminates landlord responsibilities for structural and mechanical repairs, making this a truly hands-off investment. The property's flexible warehouse/office space is a rare find in the Eastern Shore market, particularly with a national credit tenant. Its location within an Enterprise Zone offers additional tax advantages. The building is in pristine condition, representing a low-risk, high-reward investment ideal for a 1031 exchange buyer seeking a passive income stream with significant long-term potential. This is a turnkey investment opportunity not to be missed. The asking price is $1,990,000.

    Property Features for 2020 Northwood Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    20,000 SF

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Toroid Corporation Manufacturer Inductive Tech LCC Electronic Parts Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.58314
    Latitude
    38.39552

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    FAQs

    What type of property is this?
    Industrial property - High-yield NNN lease, strong tenant.
    Where is this industrial property located?
    The property is located at 2020 Northwood Dr Salisbury, MD.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (410) 742-8151
    Request Owner's contact information
    2020 Northwood Dr Salisbury, MD 21801
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    Salisbury, MD 21801
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    Realmo Value Estimation

    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.

    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.

    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
    2020 Northwood Dr Salisbury, MD 21801
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