Office-Warehouse Flex
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For Sale
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1305 S DIVISION STREET A & B, Salisbury, MD 21804
Two separately entered sections pair work areas with overhead-door access to storage and garage space.
Property Size3,400 SF
Price / SF$0.00
Days on Market4
Property Features for 1305 S DIVISION STREET A & B
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Property Use
Flex
Building Details
Year Built
1953
Listing Agency:
Keller Williams Realty Delmarva
(410) 677-0909
Listed By:
Tonney Insley IV · License #RS-0037858
(410) 844-4160
Source:
Cummingsrealtors
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:09PM
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 Keller Williams Realty Delmarva
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Investment Insights
Based on property information with market context.
This flex property offers approximately 3,400 square feet on the ground floor, with multiple office and work rooms, garage bays, circulation space, and two bathrooms. Two front entrances and two overhead roll-up doors support the existing layout, which can function as one business space or be arranged as two separately accessed suites. An upper-level attic area adds storage utility; no separate area is specified for it.
The property is on South Division Street in Salisbury, near Salisbury University. Built in 1953, the space combines office functions with garage and storage areas for a business requiring both work rooms and equipment or inventory space. Any use remains subject to permitted use.
The property is on South Division Street in Salisbury, near Salisbury University. Built in 1953, the space combines office functions with garage and storage areas for a business requiring both work rooms and equipment or inventory space. Any use remains subject to permitted use.
Key Highlights
- Approximately 3,400 square feet of ground‑floor space
- Two front entrances and two overhead roll‑up doors
- Multiple office and work rooms, garage bays, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,278
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$30.6K $9.00/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$27.5K $8.10/SF
− OpEx
−$8.3K −$2.43/SF
NOI
$19.3K $5.67/SF
Area
Wicomico County, MD
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Flex RnD
$409.2K
$358.0K – $477.4K
NOI $28,642 @ 7.0% cap · market cap 358,025.00%
Second Best
Warehouse
$313.9K
$274.6K – $366.2K
NOI $21,970 @ 7.0% cap · market cap 274,625.00%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,254 @ 7.0% cap · market cap 1,040,675.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two separately entered sections pair work areas with overhead-door access to storage and garage space.
Where is this flex space located?
The property is located at 1305 S DIVISION STREET A & B Salisbury, MD.
What are key features of this property?
This property features: Approximately 3,400 square feet of ground‑floor space; Two front entrances and two overhead roll‑up doors; Multiple office and work rooms, garage bays, and two bathrooms
