Industrial Shop with Office
406 Martin St Salisbury, MD 21804
406 Martin St, Salisbury, MD, 21804
Contact for pricing
For Sale
Contact for pricing
Industrial property with approximately 6,800 SF of shop and office space plus six roll-up bay doors.
Property Size6,800 SF
Price / SF$106.62
Days on Market119
Property Features for 406 Martin St
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Industrial, Mixed Use, Special Purpose
Building Details
- Year Built
- 1935
Listing agency
Coldwell Banker Commercial
(443) 614-8983
Listed by
Brandon Ziska · License #630677
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 12:45AM Checked: Jul 21 at 12:45AM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
Industrial commercial property with approximately 6,800 square feet of combined shop and office space. The shop includes six roll-up garage bay doors designed to support seamless access for service or storage operations.
The site is just under a half acre and is described as commercial zoned property in Salisbury, Maryland. Work in progress includes a new roof and a 6’ high stockade fence with gates, with updated photos planned after completion.
This address also falls within a Maryland designated Opportunity Zone, as stated in the property remarks.
The site is just under a half acre and is described as commercial zoned property in Salisbury, Maryland. Work in progress includes a new roof and a 6’ high stockade fence with gates, with updated photos planned after completion.
This address also falls within a Maryland designated Opportunity Zone, as stated in the property remarks.
Key Highlights
- Commercial property in Salisbury on just under 0.5 acre, zoned for commercial use
- Approximately 6,800 SF building with shop and office space
- Shop access includes 6 roll‑up garage bay doors
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 | $97.9k | $14.40 |
| − Vacancy | −$9.8k | −$1.44 |
| EGI | $88.1k | $12.96 |
| − OpEx | −$30.8k | −$4.54 |
| NOI | $57.3k | $8.42 |
6,800 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,319 @ 7.0% cap · market cap 19.77%
Second Best
Office B
$1.85M
$1.62M – $2.16M
NOI $129,842 @ 7.0% cap · market cap 17.91%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,508 @ 7.0% cap · market cap 22.97%
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 - Industrial property with approximately 6,800 SF of shop and office space plus six roll-up bay doors.
Where is this flex space located?
The property is located at 406 Martin St Salisbury, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Commercial property in Salisbury on just under 0.5 acre, zoned for commercial use; Approximately 6,800 SF building with shop and office space; Shop access includes 6 roll‑up garage bay doors
