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    118 N Division St, Unit 302 Salisbury, MD 21801

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    For Lease
    $350 /Mo ($0.54 SF/Yr)

    Affordable 226 SF office space in downtown Salisbury.

    Property size:
    7,728 SF
    Lot size:
    7,728 SF

    Property Features for 118 N Division St

    General Information

    Size
    7,728 SF

    Building Details

    Year built
    1923

    Source: George Merritt Agent George Merritt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Salisbury Third-Floor Office Space

    Located in downtown Salisbury, this 226 SF office space is situated on the third floor. The location provides convenient access to nearby businesses, retail stores, and restaurants. The building features a secure entry door with code access. The space is available for rent at $350 per month (Gross). Some furnishings may be available. The property is suitable for businesses looking to begin or expand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DEVRECO Consultant Vision Lodging Solutions Business Management Consultant RBR Homes Construction Company Lynette Catha REALTOR(R) ... Real Estate Agent mm wellness consulting Medical Certificate Service

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6006668
    Latitude
    38.3661237

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    FAQs

    What type of property is this?
    Office space - Affordable 226 SF office space in downtown Salisbury.
    Where is this office space located?
    The property is located at 118 N Division St, Unit 302 Salisbury, MD.
    What is the lease rate?
    The lease rate is $0.54 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Salisbury location, walking distance to businesses, retail, and restaurants.; - Affordable $350 per month gross lease.; - Secure entry with code access.
    (443) 935-2277
    Request Owner's contact information
    118 N Division St, Unit 302 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
    118 N Division St, Unit 302 Salisbury, MD 21801
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