Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westwood Commerce Park Land Opportunity Title is generated by Realmo AI

    1885 International Dr, Salisbury, MD

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Flexible lot sizes in established Westwood Commerce Park.

    Type:LAND
    Lot size:
    4.50 Acres
    Added:
    May 24, 2023
    Days on Market:
    1109
    Last Refresh:
    May 20 at 8:57 pm

    Property Features for 1885 International Dr

    General Information

    Standard status
    Active
    Lot size
    4.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    John McClellan
    John McClellan

    Listing agent John McClellan License #96265

    Listing office SVN - Miller | Salisbury

    Listing date May 24, 2023

    Source Moodyscre

    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 | Salisbury

    HighLights

    • Flexible lot sizes and over 250 acres available for development.
    • City water and sewer services, natural gas, and electric are available.
    • High‑speed voice and data lines by Verizon and Maryland broadband access.
    • Centralized stormwater management system for efficient land utilization and faster building plan approvals.
    • Phase 1 lots are exempt from city capacity fees.
    • Build‑to‑suit options available.

    Overview

    Westwood Commerce Park presents opportunities for firms seeking land. Lot sizes are flexible, and all lots are served by the City of Salisbury Water and Sewer. Phase 1 lots are exempt from city capacity fees. Natural Gas, as well as high-speed voice and data lines by Verizon, serve the entire park. Maryland broadband lines also bisect the park. Westwood features a centralized stormwater management system, leading to efficient land utilization and timely approval of building plans. This results in lower development costs for all occupants of Westwood. Current tenants include Schmidt Bakery, Coastal Linens, Ferguson Enterprises, Alban Tractor, Sherwin Williams Floorcoverings, Capital Tristate and the State of Maryland DLLR. Over 250 acres are available. Build-to-suit options are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5994
    Latitude
    38.3607

    Nearby Similar for Sale

    • $350,000

      Riverside Drive Office Space

      Medical or professional office space with ample natural light.
      560 RIVERSIDE Drive, SALISBURY, MD 21801
      View Details
    • $150,000
      10,498 SF

      Salisbury Pad Site For Sale

      0.32 acre pad site in Deer Pointe Professional Park.
      6504 DEER POINTE Drive, SALISBURY, MD 21804
      View Details
    • $899,000

      Historic 9-Unit Investment Opportunity

      Historic 9-unit apartment building in Salisbury's vibrant center.
      507 CAMDEN AVE, SALISBURY, MD 21801
      View Details
    • $199,900
      980 SF

      Visible Office Building on Route 50

      Well-positioned office building with high visibility and convenient access.
      111 NAYLOR Street, SALISBURY, MD 21804
      View Details
    • $800,000

      Historic Downtown Salisbury Professional Building

      Two-story, 12,700 sq ft building in Salisbury's Historic District.
      201 W MAIN Street, SALISBURY, MD 21801
      View Details
    • $75,000

      Commercial Retail Lot on Highway

      Highway commercial retail lot available for land lease or build-to-suit.
      2519 N SALISBURY Boulevard, SALISBURY, MD 21801
      View Details
    • $298,900
      2,018 SF

      Turnkey Office Space Available

      Professional office space with modern upgrades and ample natural light.
      560 RIVERSIDE Drive, SALISBURY, MD 21801
      View Details
    • $150,000

      Salisbury MD Pad Site Land

      0.35 acre pad site in established professional park.
      6500 DEER POINTE Drive, SALISBURY, MD 21804
      View Details
    • $290,000
      1,832 SF

      Remodeled Victorian Duplex, Income Ready

      Recently remodeled duplex producing immediate monthly income in Salisbury, MD.
      810 N DIVISION Street, SALISBURY, MD 21801
      View Details
    • $2,950,000

      Retail/Office Facility in Salisbury, MD

      14,800 SF retail/office facility on 2.02 acres for sale.
      1316 MOUNT HERMON Road, SALISBURY, MD 21804
      View Details
    • $350,000

      Riverside Drive Medical Office Space

      Corner medical office space with ample natural light.
      560 RIVERSIDE Dr A206, Salisbury, MD 21801
      View Details
    • $550,000
      1,362 SF

      Turnkey Restaurant Building on Salisbury

      Freestanding 1,362 SF restaurant ready for immediate operation.
      1509 SALISBURY Blvd, Salisbury, MD 21801
      View Details

    FAQs

    What type of property is this?
    Land - Flexible lot sizes in established Westwood Commerce Park.
    Where is this land located?
    The property is located at 1885 International Dr Salisbury, MD.
    What is the asking price?
    The asking price for this property is $310,500.
    What are key features of this property?
    This property features: Flexible lot sizes and over 250 acres available for development.; City water and sewer services, natural gas, and electric are available.; High‑speed voice and data lines by Verizon and Maryland broadband access.
    (410) 430-9964 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John McClellan
    John McClellan
    Real Estate License ID: 96265
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1885 International Dr, Salisbury, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!