Free-Standing Office
404 Winfield Ave Salisbury, MD 21801
404 Winfield Ave, Salisbury, MD, 21801
Contact for pricing
For Sale
Contact for pricing
Clear-span, heated warehouse with finished, fully conditioned office space and a 14-ft grade level overhead door.
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$119
Days on Market83
Property Features for 404 Winfield Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office, Industrial
Listing agency
SVN | Miller Commercial Real Estate Salisbury
(410) 543-2428
Listed by
John Mcclellan · License #MD 96265
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 4:08PM Checked: Jul 21 at 4:08PM
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 Salisbury
Investment Insights
Based on property information with market context.
This clean, well-kept free-standing office warehouse is offered for sale or lease and includes a clear-span, heated warehouse. The property also features a nicely finished, fully conditioned office with three private offices, a conference room, a small kitchenette, and two restrooms, including one in the warehouse.
The building is zoned Light Industrial and is served by City utilities. A 14-ft grade level overhead door provides grade-level access to the warehouse, and the property is located near Route 13 and the bypass within the Northwood Industrial Park on the north side of Salisbury.
With its combination of warehouse functionality and dedicated office improvements, the layout is well suited for an owner-operator or business requiring both operational and administrative space in a single facility.
The building is zoned Light Industrial and is served by City utilities. A 14-ft grade level overhead door provides grade-level access to the warehouse, and the property is located near Route 13 and the bypass within the Northwood Industrial Park on the north side of Salisbury.
With its combination of warehouse functionality and dedicated office improvements, the layout is well suited for an owner-operator or business requiring both operational and administrative space in a single facility.
Key Highlights
- 5,000 SF free‑standing office/warehouse on 0.5 acres in Northwood Industrial Park
- Light industrial zoning and served by city utilities
- Clear‑span, heated warehouse with a 14‑ft grade level overhead door
Local Financial Insights For Flex RnD
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 | $72.0k | $14.40 |
| − Vacancy | −$7.2k | −$1.44 |
| EGI | $64.8k | $12.96 |
| − OpEx | −$22.7k | −$4.54 |
| NOI | $42.1k | $8.42 |
5,000 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,472 @ 7.0% cap · market cap 16.05%
Second Best
Flex RnD
$601.7K
$526.5K – $702.0K
NOI $42,120 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,433 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Clear-span, heated warehouse with finished, fully conditioned office space and a 14-ft grade level overhead door.
Where is this flex space located?
The property is located at 404 Winfield Ave Salisbury, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 5,000 SF free‑standing office/warehouse on 0.5 acres in Northwood Industrial Park; Light industrial zoning and served by city utilities; Clear‑span, heated warehouse with a 14‑ft grade level overhead door
