Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Summer Dr Salisbury, MD 21804

    View on Map
    Sponsored
    For Sale
    $139,999

    Commercial Sale - SALISBURY, MD

    Type:Retail
    Lot size:
    12.42 Acres
    Days on Market:
    108
    Last Refresh:
    Mar 12 at 5:06 am

    Property Features for Summer Dr

    General Information

    Property type
    Other
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    Parking
    50
    Parking features
    Parking Lot
    Lot size
    12.42 Acres

    We can help!

    Listing Contact
    Meredith M. Mears
    Meredith M. Mears

    SVN/Miller Commercial Real Estate (410) 543-2440

    Listing agent Meredith M. Mears (443) 944-4464 License #672907

    Listing date Nov 24, 2025

    MLS# MDWC2002742

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Salisbury Commercial Land on Route 50

    Available for purchase are commercial lots totaling approximately 12.42 acres within Moore View Business Park in Salisbury, Maryland. The land is located east of the Route 50 / Route 13 interchange, situated at the lighted intersection of Ocean Gateway and Walston Switch Road. Featuring highway frontage and visibility, Moore View Business Park is suitable for office, warehouse, and/or retail development, including fast casual restaurants and professional or medical offices. Utilities are available on-site. The property is near Royal Farms, Arby's, and WorWic Community College. Lot lines and acreage are an approximation, pending final subdivision. The seller is motivated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.50706237
    Latitude
    38.37372587

    Nearby Similar for Sale

    • $380,000
      0.07 Acres

      Prime Medical/Professional Office Space

      Well-located corner unit with ample natural light and recent upgrades.
      560 Riverside Drive Ext, Salisbury, MD 21801
      View Details
    • $550,000
      0.08 Acres

      Salisbury MD NNN Investment Opportunity

      Single-tenant NNN investment property leased to Amedisys (Homecall).
      1205 Pemberton Dr, Salisbury, MD 21801
      View Details
    • $199,900
      980 SF

      High-Visibility Salisbury Office Building

      Well-positioned office building with high traffic and flexible zoning.
      111 Naylor St, Salisbury, MD 21804
      View Details
    • $2,950,000
      14,800 SF

      Retail/Office Facility in Salisbury, MD

      14,800 SF retail/office facility on 2.02 acres for sale.
      1316 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $250,000
      0.07 Acres

      Downtown Salisbury Retail/Office Space

      Retail or office space in downtown Salisbury, Maryland.
      224 Main St, Salisbury, MD 21801
      View Details
    • $300,000
      1,832 SF

      Remodeled Victorian Duplex: Income Ready

      Income-producing Salisbury duplex with updated units and furnishings.
      810 N Division St, Salisbury, MD 21801
      View Details
    • New
      $330,000
      1,736 SF

      Salisbury Duplex in Historic District

      Duplex in Salisbury's historic district, ideal for investment.
      231 Newton St, Salisbury, MD 21801
      View Details
    • $199,900

      Medical/Professional Office For Sale

      1,125 sqft medical/professional office in The Milford Professional Center.
      106 Milford St, Salisbury, MD 21804
      View Details
    • $312,000
      0.35 Acres

      Multi-Family Home in Salisbury, MD

      Multi-family home with ample parking in Salisbury, Maryland.
      208 W Isabella St, Salisbury, MD 21801
      View Details
    • $990,000
      0.19 Acres

      Historic Office Building on Plaza

      Two-story, 12,700 sq ft office building in downtown Salisbury.
      201 W Main St, Salisbury, MD 21801
      View Details
    • $1,500,000
      2,544 SF

      Exceptional Horse Farm with Income

      Meticulously maintained horse farm with strong income-generating potential.
      31191 Johnson Rd, Salisbury, MD 21804
      View Details
    • $300,000

      Medical/Professional Office Near Hospital

      2,062 SF office space in Salisbury, MD for sale.
      145 E Carroll St, Salisbury, MD 21801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with Route 50 frontage in Salisbury, MD.
    Where is this commercial land located?
    The property is located at Summer Dr Salisbury, MD.
    What is the asking price?
    The asking price for this property is $139,999.
    What are key features of this property?
    This property features: - High-visibility location with frontage on Route 50 (Ocean Gateway).; - Utilities are already on-site.; - Located at a lighted intersection (Ocean Gateway and Walston Switch Road).
    (410) 543-2440
    Request Owner's contact information
    Summer Dr Salisbury, MD 21804
    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.
    Summer Dr
    Salisbury, MD 21804
    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
    Summer Dr Salisbury, MD 21804
    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

    We can help!
    Listing Contact
    Meredith M. Mears
    Meredith M. Mears
    Real Estate License ID: 672907
    (410) 543-2440 (443) 944-4464
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!