Freestanding Office
404 Winfield Ave Salisbury, MD 21801
For Sale
Contact for pricing
Heated clear-span warehouse with finished, fully conditioned office, private offices, conference room, and a 14-ft overhead door.
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$119
Days on Market82
Property Features for 404 Winfield Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 404 Winfield Ave Contact us
Listing Agency:
SVN - Miller | Salisbury
(443) 758-7170
Listed By:
Kelly Jeter · License #96265
(443) 758-7170
Source:
Moodyscre
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 5:18PM
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 | Salisbury
Investment Insights
Based on property information with market context.
Clean, well-kept freestanding office warehouse available for sale or lease in a Northwood Industrial Park setting. The building includes a heated, clear-span warehouse and a nicely finished, fully conditioned office area with three private offices, a conference room, a small kitchenette, and two restrooms, including one in the warehouse and one with a shower. Grade-level access is provided by a 14-ft overhead door. Additional mezzanine storage is available and is not included in the stated square footage.
The property is zoned Light Industrial and is served by City utilities. It is located near Route 13 and the bypass, providing convenient access to the surrounding area.
The overhead door and clear-span warehouse layout support straightforward material handling and flexible storage use within a single free-standing facility.
The property is zoned Light Industrial and is served by City utilities. It is located near Route 13 and the bypass, providing convenient access to the surrounding area.
The overhead door and clear-span warehouse layout support straightforward material handling and flexible storage use within a single free-standing facility.
Key Highlights
- 5,000 SF free‑standing office warehouse on 0.5 acres in Northwood Industrial Park
- Clear‑span heated warehouse with 14‑ft grade level overhead door
- Office space is fully conditioned with 3 private offices, conference room, and small kitchenette
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
FAQs
What type of property is this?
Flex space - Heated clear-span warehouse with finished, fully conditioned office, private offices, conference room, and a 14-ft 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; Clear‑span heated warehouse with 14‑ft grade level overhead door; Office space is fully conditioned with 3 private offices, conference room, and small kitchenette
