Freestanding Retail/Office
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 Market418
Property Features for 1316 MOUNT HERMON Road
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 80
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 14,800 SF
- Lot size
- 2.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 75531
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2003
- Number of units
- 1
- Building materials
- Brick
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Added: Jun 2, 2025
Changed: Jun 9
Last Checked: Jul 24 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This freestanding 14,800-square-foot retail facility offers an open, flexible floor plan that can remain retail or be modified for office use. The space is fully conditioned, bright, clean, and designed for adaptable tenant layouts.
The property is located at the lighted intersection of Mt. Hermon Road and Beaglin Park Drive. It sits on 2.02 acres and provides multiple points of ingress and egress on both roads, with ample lighted parking available. The site also includes a drive-through.
The building’s flexible zoning supports retail, office, medical, or service-oriented uses, which can broaden the range of tenant and operator options. The drive-through and open interior configuration can be practical for concepts that need straightforward customer flow, while the option to convert for office use may support a range of professional services. The owner will consider leasing in addition to the sale offering.
The property is located at the lighted intersection of Mt. Hermon Road and Beaglin Park Drive. It sits on 2.02 acres and provides multiple points of ingress and egress on both roads, with ample lighted parking available. The site also includes a drive-through.
The building’s flexible zoning supports retail, office, medical, or service-oriented uses, which can broaden the range of tenant and operator options. The drive-through and open interior configuration can be practical for concepts that need straightforward customer flow, while the option to convert for office use may support a range of professional services. The owner will consider leasing in addition to the sale offering.
Key Highlights
- High‑visibility location at a lighted intersection on Mt. Hermon Road & Beaglin Park Drive.
- Flexible zoning allows for retail, office, medical, or service‑oriented uses.
- Free‑standing 14,800 square foot retail facility with open, flexible floor plan.
Financial Insights For Specialty Retail
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 | $355.2k | $24.00 |
| − Vacancy | −$16.0k | −$1.08 |
| EGI | $339.2k | $22.92 |
| − OpEx | −$84.8k | −$5.73 |
| NOI | $254.4k | $17.19 |
14,800 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$4.46M
$3.90M – $5.20M
NOI $311,929 @ 7.0% cap · market cap 10.57%
Second Best
Office B
$4.04M
$3.53M – $4.71M
NOI $282,597 @ 7.0% cap · market cap 9.58%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harish Gaddam, RPH
Pharmacy
Percy Dhamodiwala, RPH
Pharmacy
Rite Aid
Pharmacy
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Coinhub Bitcoin ATM ...
Atm
Similar Off Market Nearby
- Harish Gaddam, RPH — 1316 Mt Hermon Rd, Salisbury, MD 21804
- Percy Dhamodiwala, RPH — 1316 Mt Hermon Rd, Salisbury, MD 21804
- Paul Danielraj — 1316 Mt Hermon Rd, Salisbury, MD 218045220
- Rite Aid Pharmacy — 1316 Mt Hermon Rd, Salisbury, MD 21804
- Pure Family Fitness Salisbury — 600 Glen Ave Ste. 104, Salisbury, MD 21804
FAQs
What type of property is this?
Drug store - Freestanding, fully conditioned space at a signalized intersection with multiple entrances on two roads.
Where is this drug store 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: High‑visibility location at a lighted intersection on Mt. Hermon Road & Beaglin Park Drive.; Flexible zoning allows for retail, office, medical, or service‑oriented uses.; Free‑standing 14,800 square foot retail facility with open, flexible floor plan.
