1404 S SALISBURY BOULEVARD, Salisbury, MD 21801

Building Details

Year Built 1976 More

Listing Agency: Keller Williams Realty Delmarva l***@comcast.net Show Phone

Listed By: Tonney Insley IV · License #653457 Show Phone

Source: Cummingsrealtors

Added: Sep 17 Changed: Nov 8 Last Checked: Nov 8 at 6:48AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,500-square-foot suite is positioned for retail or office occupancy and offers a flexible layout suited to medical, showroom, and service-oriented uses. The storefront provides prominent exposure along South Salisbury Boulevard, with convenient access for customers and business operations.

Located at 1404 S Salisbury Boulevard in Salisbury, the property fronts US Route 13 within a commercial district surrounded by established retailers, restaurants, and national businesses. The property was built in 1976.

Key Highlights

• 1,500‑square‑foot retail or office suite
• Prominent storefront exposure on South Salisbury Boulevard
• Frontage along US Route 13

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$105,381

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,107,620 $2.1M

Cap Rate 7%

$1,505,443 $1.5M

Cap Rate 9%

$1,170,900 $1.2M

What to ask about pricing

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$169.8K $33.96/SF

− Vacancy

−$19.3K −$3.85/SF

EGI

$150.5K $30.11/SF

− OpEx

−$45.2K −$9.03/SF

NOI

$105.4K $21.08/SF

Area

Wicomico County, MD

Vacancy

11.34%

Lease Rate

$33.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,107,620

Cap Rate 7%

$1,505,443

Cap Rate 9%

$1,170,900

Alternative Uses

Best Use

Retail

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,381 @ 7.0% cap · market cap 4,683.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,433 @ 7.0% cap · market cap 5,441.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Salisbury Cycle and Fitness (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Building Supply Auto Repair Shop HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

858

Businesses Nearby

129k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 38% Electronics 4%

Cook Out Dining

29,893 visits/mo 0.5 miles

Royal Farms Shops & Services

17,581 visits/mo 0.4 miles

Jersey Mike's Subs Dining

8,650 visits/mo 0.0 miles

Bank of America Shops & Services

7,058 visits/mo 0.4 miles

Pat's Pizza & Pasta Dining

6,870 visits/mo 0.3 miles

Demographics for 21801, MD

31,183

Population

12,140

Households

2.6

Avg Household Size

37

Median Age

34%

College-Educated

87%

High-School Grad

40.1 sq mi

ZIP Area

778

Density / Sq Mi

$67,140

Median Household Income

$36,290

Median Earnings

$1,058

Median Rent

$286,800

Median Home Value

Market

Average Price Trend$/SF for Retail space in Wicomico County, MD

$224 Jul

$92.27 Aug

$51.09 Sep

$63.48 Oct

Properties on Market for Retail space in Wicomico County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible space supports retail, office, medical, showroom, and service-oriented uses.

Where is this retail space located?

The property is located at 1404 S SALISBURY BOULEVARD Salisbury, MD.

What are key features of this property?

This property features: 1,500‑square‑foot retail or office suite; Prominent storefront exposure on South Salisbury Boulevard; Frontage along US Route 13