Medical Office Space For
145 E CARROLL St 103 Salisbury, MD 21801
145 E CARROLL St 103, Salisbury, MD, 21801
$300,000
For Sale
$300,000
2,062 SF medical/professional office space near Tidal Health.
Property Size2,062 SF
Price / SF$145.49
Days on Market129
Property Features for 145 E CARROLL St 103
General Information
- Standard status
- Active
- Size
- 2,062 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
SVN - Miller | Salisbury
(410) 543-2419
Listed by
Florence Brotzman · License #574198
(410) 543-2419
Source
Elliman
Added: Mar 11 Checked: Jul 17 at 7:50 am
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
Investment Insights
Based on property information with market context.
This 2,062 square foot medical/professional office is available for sale within the H. Gray Reeves Professional Center. The property is located directly across from Tidal Health Peninsula Regional Hospital. The layout includes a spacious waiting area, a reception/check-in area, two private offices, five exam rooms, a kitchenette, and two restrooms. The center is home to a mix of tenants, including Tidal Health Community Clinic, Tidal Health General Surgery, Granger & Magee, and Affordable Booking. The location offers over 75 parking spaces and building and over-the-door signage. The property is situated in a mid-Salisbury location.
Key Highlights
- Prime Location: Directly across from Tidal Health Peninsula Regional Hospital
- Well‑Appointed Space: Includes spacious waiting area, reception, private offices, exam rooms, kitchenette, and restrooms
- Strong Tenant Mix: Join established medical and professional tenants
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.0k | $25.20 |
| − Vacancy | −$6.5k | −$3.15 |
| EGI | $45.5k | $22.05 |
| − OpEx | −$18.2k | −$8.82 |
| NOI | $27.3k | $13.23 |
2,062 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 13.12%
Second Best
Healthcare Medical
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$721.3K
$631.1K – $841.5K
NOI $50,491 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fleckenstein Pamela M
Physician
Dr. Melissa Devito
Physician
Grasso Joseph A MD
Physician
Dr. Sandar Aye
Physician
Andy Pierre
Physician
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FAQs
What type of property is this?
Medical Office Space - 2,062 SF medical/professional office space near Tidal Health.
Where is this medical office space located?
The property is located at 145 E CARROLL St 103 Salisbury, MD.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime Location: Directly across from Tidal Health Peninsula Regional Hospital; Well‑Appointed Space: Includes spacious waiting area, reception, private offices, exam rooms, kitchenette, and restrooms; Strong Tenant Mix: Join established medical and professional tenants
