Turnkey Medical Office
For Sale
Contact for pricing
1324 Belmont Ave, Salisbury, MD 21804
Fully leased office suite in a professional park with private offices, conference room, and multiple entrances.
Property Size2,360 SF
Price / SF$190.68
Days on Market25
Property Features for 1324 Belmont Ave
General Information
Standard status
Active
Size
2,360 SF
Property subtype
OFFICE
Occupancy
100%
Listing Agency:
SVN - Miller | Easton
(302) 745-7920
Listed By:
Wesley Cox · License #574198
(410) 251-6408
Source:
Moodyscre
Added: Jul 10
Changed: Jul 28
Last Checked: Aug 2 at 8:47AM
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 | Easton
Investment Insights
Based on property information with market context.
Located within the well-maintained East Park Professional Park, this fully leased office suite is offered as a turnkey investment. The space includes multiple private offices, a large conference room, and an open workspace intended for collaborative use. Three separate entrances/exits support convenient in-and-out access, and the suite is currently being remodeled.
The suite is leased to Chesapeake Hearing Centers on a new five-year term, with rent commencing June 2026. The landlord and tenant relationship is in place, providing ongoing occupancy through the term.
Designed to accommodate medical or professional office users, the layout offers both private meeting space and an open area for day-to-day operations.
The suite is leased to Chesapeake Hearing Centers on a new five-year term, with rent commencing June 2026. The landlord and tenant relationship is in place, providing ongoing occupancy through the term.
Designed to accommodate medical or professional office users, the layout offers both private meeting space and an open area for day-to-day operations.
Key Highlights
- Fully leased office suite in East Park Professional Park to Chesapeake Hearing Centers
- New five‑year lease term; rent commencement June 2026
- Suite includes multiple private offices, a large conference room, and an open collaborative workspace
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 | $59.5k | $25.20 |
| − Vacancy | −$7.4k | −$3.15 |
| EGI | $52.0k | $22.05 |
| − OpEx | −$20.8k | −$8.82 |
| NOI | $31.2k | $13.23 |
2,360 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$643.8K
$563.3K – $751.1K
NOI $45,063 @ 7.0% cap · market cap 10.01%
Second Best
Healthcare Medical
$446.0K
$390.3K – $520.4K
NOI $31,223 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$825.5K
$722.4K – $963.1K
NOI $57,788 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased office suite in a professional park with private offices, conference room, and multiple entrances.
Where is this medical office space located?
The property is located at 1324 Belmont Ave Salisbury, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully leased office suite in East Park Professional Park to Chesapeake Hearing Centers; New five‑year lease term; rent commencement June 2026; Suite includes multiple private offices, a large conference room, and an open collaborative workspace
