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Renovated Second-Floor Office Units

105a-224 Phillip Morris Dr, Salisbury, MD 21804

For Lease
$12 SF/Yr CAM $5.25 /USD/SF/YR

Open-plan office space with private suites, bathrooms, and NNN lease structure.

Space SizeContact for details
Days on Market70

Property Features for 105a-224 Phillip Morris Dr

General Information

Standard status Active
Elevators No
Lease Type NNN

Space & Availability

Floor 2
Space Use Office
Sublease No
Available From Immediate
Private Offices 2

Lease Terms

Lease Rate $12 /USD/SF/YR
Rent per SF/Year $12
CAM $5.25 /USD/SF/YR
Listing Agency: SVN/Miller Commercial Real Estate
Listed By: Andrew Ball · License MD #36569
Source: Exprealty
Added: Sep 2 Changed: Oct 26 Last Checked: Nov 10 at 12:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN/Miller Commercial Real Estate

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Investment Insights

Based on property information with market context.

Recently renovated office units occupy the second floor of a walk-up building at 105a-224 Phillip Morris Dr in Salisbury, Maryland. The layout combines a broad shared workspace with two enclosed office suites and two bathrooms, supporting a mix of collaborative and private work areas.

The space is offered for immediate occupancy under an NNN lease structure. Electricity is included in the estimated triple-net charges.

Key Highlights

  • Recently renovated second‑floor office space
  • Open layout with one large common area
  • Two enclosed office suites

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store Auto Parts Store Real Estate Agency HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

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

Lease Benchmarks for Salisbury, MD

$10.24 /SF/Yr
Avg Asking Price
$1.38–$25 /SF/Yr
Price Range
11,767 SF
Avg Space Size

This space is priced 17% above the average of $10.24 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Salisbury, MD

$18.76 Jul
$26.41 Aug
$10.34 Sep
$10.23 Oct

Properties on Market for Office Units in Salisbury

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Open-plan office space with private suites, bathrooms, and NNN lease structure.
Where is this office unit located?
The property is located at 105a-224 Phillip Morris Dr Salisbury, MD.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Recently renovated second‑floor office space; Open layout with one large common area; Two enclosed office suites
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