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106 N DIVISION STREET, Salisbury, MD 21801
First-floor commercial space features an open plan, elevated ceilings and hardwood flooring.
Property Size1,800 SF
Price / SF$1.04
Days on Market4
Property Features for 106 N DIVISION STREET
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Floor
Ground
Corner Location
Yes
Amenities
high ceilings
premium hardwood floors
large display window
open layout
tankless hot water
Building Details
Year Built
1964
Listing Agency:
Keller Williams Realty Delmarva
(410) 677-0909
Listed By:
Charles L Campbell II · License #666527
(443) 880-0130
Source:
Cummingsrealtors
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:24AM
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 Keller Williams Realty Delmarva
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot, first-floor storefront has an open interior, high ceilings, hardwood floors, a large display window and tankless hot water. The building dates to 1964.
On-street parking is available in front of the property, with a nearby garage and approximately 10 additional spaces across N Division Street.
On-street parking is available in front of the property, with a nearby garage and approximately 10 additional spaces across N Division Street.
Key Highlights
- 1,800 square feet of first‑floor commercial space
- Corner storefront with a large display window
- Open interior with high ceilings and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,937
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,740
$758.7K
Cap Rate 7%
$541,957
$542.0K
Cap Rate 9%
$421,522
$421.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$61.1K $33.96/SF
− Vacancy
−$6.9K −$3.85/SF
EGI
$54.2K $30.11/SF
− OpEx
−$16.3K −$9.03/SF
NOI
$37.9K $21.08/SF
Area
Wicomico County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,740
Cap Rate 7%
$541,957
Cap Rate 9%
$421,522
Alternative Uses
Best Use
Retail
$542.0K
$474.2K – $632.3K
NOI $37,937 @ 7.0% cap · market cap 2,023.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.7K
$551.0K – $734.6K
NOI $44,076 @ 7.0% cap · market cap 2,350.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Apparel 12%
Hotels & Casinos 2%
Wawa
Shops & Services
28,926 visits/mo
0.5 miles
Roses Discount Store
Shops & Services
13,211 visits/mo
0.4 miles
Goodwill
Apparel
9,165 visits/mo
0.5 miles
Royal Farms
Shops & Services
8,978 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,937 visits/mo
0.3 miles
Demographics for 21801, MD
31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - First-floor commercial space features an open plan, elevated ceilings and hardwood flooring.
Where is this storefront property located?
The property is located at 106 N DIVISION STREET Salisbury, MD.
What are key features of this property?
This property features: 1,800 square feet of first‑floor commercial space; Corner storefront with a large display window; Open interior with high ceilings and hardwood floors
