Move-In Ready Medical Office
1346 S Division St Salisbury, MD 21804
For Sale
Contact for pricing
Medical office condominium in excellent, move-in ready condition, formerly a dentist office.
Property Size2,590 SF
Price / SF$164.09
Days on Market538
Property Features for 1346 S Division St
General Information
Standard status
Active
Size
2,590 SF
Property subtype
OFFICE
Listing Agency:
Rinnier Development Company
(443) 614-4297
Listed By:
Matthew Trader · License #631428
(443) 614-4297
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:10PM
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 Rinnier Development Company
Investment Insights
Based on property information with market context.
This medical/professional office condominium is in excellent condition and is move-in ready. The space is configured as an office, and it previously operated as a dentist office. Existing furniture can be included in the purchase, while medical and tech equipment is not included.
Located within the Southside Professional Center, the property is positioned for professional use within a dedicated office setting.
Offered for sale as a condominium unit, this is a practical option for an owner-user seeking an office ready for immediate occupancy.
Located within the Southside Professional Center, the property is positioned for professional use within a dedicated office setting.
Offered for sale as a condominium unit, this is a practical option for an owner-user seeking an office ready for immediate occupancy.
Key Highlights
- Medical/professional office condominium in the Southside Professional Center
- Former dentist office setup for medical or professional use
- Move‑in ready and in excellent condition
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 | $65.3k | $25.20 |
| − Vacancy | −$8.2k | −$3.15 |
| EGI | $57.1k | $22.05 |
| − OpEx | −$22.8k | −$8.82 |
| NOI | $34.3k | $13.23 |
2,590 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$706.5K
$618.2K – $824.2K
NOI $49,454 @ 7.0% cap · market cap 11.64%
Second Best
Healthcare Medical
$489.5K
$428.3K – $571.1K
NOI $34,266 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$906.0K
$792.8K – $1.06M
NOI $63,420 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Pets On The Shore Veterinary Hospital — 235 Dykes Rd, Salisbury, MD 21804
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condominium in excellent, move-in ready condition, formerly a dentist office.
Where is this medical office space located?
The property is located at 1346 S Division St Salisbury, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Medical/professional office condominium in the Southside Professional Center; Former dentist office setup for medical or professional use; Move‑in ready and in excellent condition
