Automotive Service Showroom
For Sale
$875,000
202 Kiley Dr, Salisbury, MD 21801
Showroom, offices, waiting room, and a 10-bay service center with drive-in doors, plus ample parking.
Property Size7,576 SF
Days on Market159
Property Features for 202 Kiley Dr
General Information
Standard status
Active
Size
7,576 SF
Property subtype
Special Purpose
Building Details
Building Size
7,576 SF
Year Built
2006
Listing Agency:
NAI Coastal - Salisbury
Listed By:
Chris Davis · License #302826
(443) 523-4539
Source:
Naicoastal
Added: May 19
Changed: Oct 14
Last Checked: Oct 23 at 4:41AM
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 NAI Coastal - Salisbury
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive-focused property includes a showroom area, offices, a waiting room, and a 10-bay service center with drive-in doors. The building is described as being in great condition and well maintained, and it’s presented as ready to support on-site automotive services.
A large on-site area supports vehicle movement and operation, with plenty of parking available. An adjacent lot could also be purchased if additional space is needed.
The configuration combines front-of-house customer space with multiple service bays, creating a practical setup for retail showroom and in-bay service operations under one roof.
A large on-site area supports vehicle movement and operation, with plenty of parking available. An adjacent lot could also be purchased if additional space is needed.
The configuration combines front-of-house customer space with multiple service bays, creating a practical setup for retail showroom and in-bay service operations under one roof.
Key Highlights
- 2006‑built commercial building with showroom, offices, and a waiting room
- 10‑bay service center with drive‑in doors for vehicle service operations
- Large open area for moving around within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,956
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,120
$859.1K
Cap Rate 7%
$613,657
$613.7K
Cap Rate 9%
$477,289
$477.3K
Market Conditions
NOI Build-Up for 7,576 SF
Gross rent
$68.2K $9.00/SF
− Vacancy
−$6.8K −$0.90/SF
EGI
$61.4K $8.10/SF
− OpEx
−$18.4K −$2.43/SF
NOI
$43.0K $5.67/SF
Area
Wicomico County, MD
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,120
Cap Rate 7%
$613,657
Cap Rate 9%
$477,289
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,674 @ 7.0% cap · market cap 18.25%
Second Best
Industrial
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,510 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
388k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 34%
Leisure 9%
Shops & Services 7%
Boscov's
Apparel
83,221 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
48,133 visits/mo
0.5 miles
Regal Cinemas
Leisure
33,148 visits/mo
0.5 miles
Burlington
Apparel
30,051 visits/mo
0.3 miles
Olive Garden
Dining
22,488 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Pohanka VW of Salisbury Service — 1922 N Salisbury Blvd, Salisbury, MD 21801
- Demco Delmarva Electric Motors — 111 Gordy Rd, Salisbury, MD 21804
- Pohanka Toyota of Salisbury Service — 2010 N Salisbury Blvd, Salisbury, MD 21801
- Pohanka Honda of Salisbury Service — Pohanka Honda of Salisbury, 2011 N Salisbury Blvd, Salisbury, MD 21801
- Pohanka Nissan of Salisbury Service — 2012 N Salisbury Blvd, Salisbury, MD 21801
Frequently Asked Questions
What type of property is this?
Auto shop - Showroom, offices, waiting room, and a 10-bay service center with drive-in doors, plus ample parking.
Where is this auto shop located?
The property is located at 202 Kiley Dr Salisbury, MD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2006‑built commercial building with showroom, offices, and a waiting room; 10‑bay service center with drive‑in doors for vehicle service operations; Large open area for moving around within the building
