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    820 Main St Salisbury, MD 21804

    Sponsored
    For Sale
    $380,000

    Prime Office Space, High Occupancy, Strong NOI

    Property size:
    3,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 3,750 square foot office building, located at 820 E Main Street in Salisbury, MD, presents a compelling investment opportunity. Situated on a 0.22-acre lot, the property boasts a current 66% occupancy rate, generating a Net Operating Income (NOI) of $23,394. The building underwent renovations in 2020, resulting in a three-suite configuration. Currently, two of the suites are leased under a Net-Net (NN) lease agreement, with tenants responsible for taxes and common area maintenance (CAM). The owner is responsible for property insurance. One suite, comprising 1,250 square feet, remains vacant, offering significant upside potential for increased income. A new owner could lease this space, boosting the projected NOI to $37,746. The building's excellent condition and straightforward management make it an attractive option for both investors seeking strong returns and business owners looking for a combination of income generation and occupied space. The property's prime location on East Main Street in Salisbury provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing office building with substantial growth potential.

    Property Features for 820 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,750 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.58366
    Latitude
    38.36713

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High Occupancy, Strong NOI
    Where is this office property / space located?
    The property is located at 820 Main St Salisbury, MD.
    What is the asking price?
    The asking price for this property is $380,000.
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    820 Main St Salisbury, MD 21804
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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
    820 Main St Salisbury, MD 21804
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