Freestanding Retail Space with
1316 MOUNT HERMON Road, Salisbury, MD 21804
For Sale
$2,950,000
Commercial Sale, SALISBURY, MD
Property Size14,800 SF
Lot Size2.02 Acres
Price / SF$199.32
Days on Market526
Property Features for 1316 MOUNT HERMON Road
General Information
Property type
Property subtype
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Added: Jun 2, 2025
Changed: Sep 5
Last Checked: Nov 9 at 5:06AM
MLS# MDWC2018256
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.
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Investment Insights
Based on property information with market context.
This freestanding retail property offers 14,800 square feet within an open, adaptable layout. The building was constructed in 2003 with brick construction, central air, and heat-pump heating. Existing improvements include a drive-through and a lighted parking lot, while the interior configuration can support continued retail use or conversion to office space.
The 2.02-acre site occupies the signalized intersection of Mt. Hermon Road and Beaglin Park Drive in Salisbury, with multiple access points from both roads. Flexible zoning supports retail, office, medical, and service-oriented uses. The property also provides a substantial paved parking area and a highly adaptable commercial footprint.
The 2.02-acre site occupies the signalized intersection of Mt. Hermon Road and Beaglin Park Drive in Salisbury, with multiple access points from both roads. Flexible zoning supports retail, office, medical, and service-oriented uses. The property also provides a substantial paved parking area and a highly adaptable commercial footprint.
Key Highlights
- 14,800‑square‑foot freestanding retail facility
- 2.02‑acre site at Mt. Hermon Road and Beaglin Park Drive
- Multiple ingress and egress points from both adjoining roads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,412
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,088,240
$5.1M
Cap Rate 7%
$3,634,457
$3.6M
Cap Rate 9%
$2,826,800
$2.8M
Market Conditions
NOI Build-Up for 14,800 SF
Gross rent
$355.2K $24.00/SF
− Vacancy
−$16.0K −$1.08/SF
EGI
$339.2K $22.92/SF
− OpEx
−$84.8K −$5.73/SF
NOI
$254.4K $17.19/SF
Area
Wicomico County, MD
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,088,240
Cap Rate 7%
$3,634,457
Cap Rate 9%
$2,826,800
Alternative Uses
Best Use
Retail
$4.46M
$3.90M – $5.20M
NOI $311,929 @ 7.0% cap · market cap 10.57%
Second Best
Specialty Retail
$3.63M
$3.18M – $4.24M
NOI $254,412 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,401 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 29%
Home Improvements & Furnishings 3%
Burger King
Dining
13,578 visits/mo
0.5 miles
PNC Bank
Shops & Services
11,012 visits/mo
0.4 miles
Dollar General
Shops & Services
9,501 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,672 visits/mo
0.3 miles
Mariner Finance
Shops & Services
1,999 visits/mo
0.4 miles
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
$230,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Wicomico County, MD
Properties on Market for Retail space in Wicomico County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open, fully conditioned space with flexible zoning for retail, office, medical, or service-oriented uses.
Where is this retail space located?
The property is located at 1316 MOUNT HERMON Road Salisbury, MD.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 14,800‑square‑foot freestanding retail facility; 2.02‑acre site at Mt. Hermon Road and Beaglin Park Drive; Multiple ingress and egress points from both adjoining roads
