Medical Office Suite with Exam
For Sale
Contact for pricing
145 E Carroll St, Salisbury, MD 21801
Professional medical office suite includes receptionist/waiting area and four exam rooms within the H Gray Reeves Center.
Property Size2,062 SF
Price / SF$145.49
Days on Market88
Property Features for 145 E Carroll St
General Information
Standard status
Active
Size
2,062 SF
Property subtype
OFFICE
Listing Agency:
SVN - Miller | Easton
(443) 390-2600
Listed By:
Flo Brotzman · License ##597618
(410) 726-0966
Source:
Moodyscre
Added: Jul 10
Changed: Sep 8
Last Checked: Oct 4 at 12:29PM
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.
This 2,062-square-foot medical or professional office is located within the H Gray Reeves Professional Center and is set up for clinical and other client-facing uses. The suite features an attractive front receptionist and waiting area, check-in and check-out windows, four exam rooms, two restrooms, an executive office, and a kitchen. There is both a front entrance and a private entrance designed to support confidentiality.
The office is directly across from Tidal Health Peninsula Regional Hospital, providing convenient access for patients and staff.
The layout balances public-facing functions with back-of-house space, including dedicated exam rooms and separate private entries for client privacy.
The office is directly across from Tidal Health Peninsula Regional Hospital, providing convenient access for patients and staff.
The layout balances public-facing functions with back-of-house space, including dedicated exam rooms and separate private entries for client privacy.
Key Highlights
- 2,062 SF medical or professional office in the H Gray Reeves Professional Center
- Directly across from Tidal Health Peninsula Regional Hospital
- Includes front receptionist and waiting area with check‑in and check‑out windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,280
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,600
$545.6K
Cap Rate 7%
$389,714
$389.7K
Cap Rate 9%
$303,111
$303.1K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$52.0K $25.20/SF
− Vacancy
−$6.5K −$3.15/SF
EGI
$45.5K $22.05/SF
− OpEx
−$18.2K −$8.82/SF
NOI
$27.3K $13.23/SF
Area
Wicomico County, MD
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,600
Cap Rate 7%
$389,714
Cap Rate 9%
$303,111
Alternative Uses
Best Use
Office B
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 13.12%
Second Best
Healthcare Medical
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$721.3K
$631.1K – $841.5K
NOI $50,491 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - Professional medical office suite includes receptionist/waiting area and four exam rooms within the H Gray Reeves Center.
Where is this medical center located?
The property is located at 145 E Carroll St Salisbury, MD.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,062 SF medical or professional office in the H Gray Reeves Professional Center; Directly across from Tidal Health Peninsula Regional Hospital; Includes front receptionist and waiting area with check‑in and check‑out windows
