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    111 Olive St Salisbury, MD 21801

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    For Sale
    $1,090,000

    Rare industrial property with warehouse and office space for sale.

    Lot size:
    1.04 Acres

    Property Features for 111 Olive St

    General Information

    Lot size
    1.04 Acres

    Building Details

    Year built
    1968

    Source: Rinnier Development Co Agent Matthew Trader

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

    Overview

    Warehouse and Office Industrial Property

    This industrial property features both warehouse and office spaces. The building has undergone upgrades, including newly renovated office spaces and entryways, as well as new windows throughout. Exterior renovations have been completed using Aztek. The property includes five overhead doors, with drive-in access and two dock-high doors, along with a freight elevator. The yard is fully fenced. A professionally installed low-voltage cable plant is in place for telephone, data, CCTV, Wi-Fi, and audio-video systems. The property is suitable for either an investor or an owner-operator. The sale includes 111 Olive St. and 108 Cherry St.
    Insight Report Location Intelligence

    Current Use by Public Records

    1-800 Radiator & A/C-Salisbury Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Self-Storage at U-Haul, Perdue Agribusiness - Salisbury Port, Journeys Enterprises, LLC

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.59376
    Latitude
    38.374213

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    FAQs

    What type of property is this?
    Warehouse - Rare industrial property with warehouse and office space for sale.
    Where is this warehouse located?
    The property is located at 111 Olive St Salisbury, MD.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: - Priced well below replacement cost at $30 PSF.; - Newly renovated office spaces and entryways.; - Five overhead doors (drive-in and dock-high) and freight elevator.
    (410) 742-8151
    Request Owner's contact information
    111 Olive St 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
    111 Olive St Salisbury, MD 21801
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