Mixed-Use Office
212 W W MAIN STREET #307, Salisbury, MD 21801
For Sale
Contact for pricing
Office suite with reception, multiple private offices, elevator access, and planned flooring and paint updates.
Property Size978 SF
Price / SF$1.00
Days on Market61
Property Features for 212 W W MAIN STREET #307
General Information
Standard status
Size
Elevators
Property subtype
Building Details
Year Built
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Andrew Ball · License #36569
(410) 422-3672
Source:
Cummingsrealtors
Added: Sep 8
Changed: Nov 6
Last Checked: Nov 6 at 9:22AM
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 Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 978-square-foot office suite is located within a mixed-use building completed in 1930. The layout includes three small offices, a reception area, and one larger office oriented toward the plaza, bringing natural light into the workspace. The suite is being prepared with new flooring and paint.
The building contains 28 units with office, retail, and restaurant components. Stair and elevator access serve all units, and the property is professionally managed and maintained. Lease terms are structured as gross rent plus utilities. The property also includes established occupants such as The Bury Tavern, the Art Institute, and the Center for Entrepreneurship.
The building contains 28 units with office, retail, and restaurant components. Stair and elevator access serve all units, and the property is professionally managed and maintained. Lease terms are structured as gross rent plus utilities. The property also includes established occupants such as The Bury Tavern, the Art Institute, and the Center for Entrepreneurship.
Key Highlights
- 978 SF office suite with three small offices, reception, and one large office
- Plaza‑facing office with natural light
- New flooring and paint planned for the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,682
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,640
$193.6K
Cap Rate 7%
$138,314
$138.3K
Cap Rate 9%
$107,578
$107.6K
Market Conditions
NOI Build-Up for 978 SF
Gross rent
$17.6K $18.00/SF
− Vacancy
−$2.1K −$2.16/SF
EGI
$15.5K $15.84/SF
− OpEx
−$5.8K −$5.94/SF
NOI
$9.7K $9.90/SF
Area
Wicomico County, MD
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,640
Cap Rate 7%
$138,314
Cap Rate 9%
$107,578
Alternative Uses
Best Use
Office B
$266.8K
$233.4K – $311.2K
NOI $18,674 @ 7.0% cap · market cap 1,909.41%
Second Best
Mixed Use
$138.3K
$121.0K – $161.4K
NOI $9,682 @ 7.0% cap · market cap 989.98%
Theoretical Best
Office A
$342.1K
$299.4K – $399.1K
NOI $23,948 @ 7.0% cap · market cap 2,448.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,114
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suite with reception, multiple private offices, elevator access, and planned flooring and paint updates.
Where is this mixed-use property located?
The property is located at 212 W W MAIN STREET #307 Salisbury, MD.
What are key features of this property?
This property features: 978 SF office suite with three small offices, reception, and one large office; Plaza‑facing office with natural light; New flooring and paint planned for the suite
