Warehouse with Loading
618 BEAM STREET, Salisbury, MD 21801
For Sale
Contact for pricing
Industrial-zoned space includes rear loading, a drive-in door, office area, and shared parking.
Property Size10,932 SF
Price / SF$0.00
Days on Market74
Property Features for 618 BEAM STREET
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Dock-High Doors
Drive-In Doors
Building Details
Year Built
Listing Agency:
NAI Coastal
(410) 543-5115
Listed By:
Christian Phillips · License #667548
(410) 430-4427
Source:
Cummingsrealtors
Added: Aug 28
Changed: Nov 8
Last Checked: Nov 8 at 5:49AM
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
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Investment Insights
Based on property information with market context.
This warehouse property contains approximately 10,932 square feet with 14-foot ceilings and an industrial zoning designation. The layout includes a small office, two rear loading docks, and a front-access drive-in roll-up door, supporting storage and distribution operations.
The building is located within North Salisbury Industrial Park at 618 Beam Street in Salisbury, Maryland. Current occupants include United Products Distributors and Bayside Fire and Security, and the property provides access to a shared parking lot.
The building is located within North Salisbury Industrial Park at 618 Beam Street in Salisbury, Maryland. Current occupants include United Products Distributors and Bayside Fire and Security, and the property provides access to a shared parking lot.
Key Highlights
- Approximately 10,932 square feet of warehouse space
- 14‑foot ceiling height
- Two loading docks positioned at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,639
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,780
$1.4M
Cap Rate 7%
$1,009,129
$1.0M
Cap Rate 9%
$784,878
$784.9K
Market Conditions
NOI Build-Up for 10,932 SF
Gross rent
$91.8K $8.40/SF
− Vacancy
−$8.7K −$0.80/SF
EGI
$83.1K $7.60/SF
− OpEx
−$12.5K −$1.14/SF
NOI
$70.6K $6.46/SF
Area
Wicomico County, MD
Vacancy
9.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,780
Cap Rate 7%
$1,009,129
Cap Rate 9%
$784,878
Alternative Uses
Best Use
Warehouse
$1.01M
$883.0K – $1.18M
NOI $70,639 @ 7.0% cap · market cap 1,177,316.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.35M – $4.46M
NOI $267,687 @ 7.0% cap · market cap 4,461,450.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Salisbury
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- CubeSmart Self Storage — 2120 Windsor Dr, Salisbury, MD 21801
- Northwood Rv & Boat Storage — Kiley Dr, Salisbury, MD 21801
- Storage Wise of Salisbury — 218 Kiley Dr, Salisbury, MD 21801
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned space includes rear loading, a drive-in door, office area, and shared parking.
Where is this warehouse located?
The property is located at 618 BEAM STREET Salisbury, MD.
What are key features of this property?
This property features: Approximately 10,932 square feet of warehouse space; 14‑foot ceiling height; Two loading docks positioned at the rear
