Flex Warehouse with
New
For Sale
Contact for pricing
702 NAYLOR MILL ROAD #B, Salisbury, MD 21801
The space pairs a drive-in warehouse with a separately heated and cooled office.
Property Size1,452 SF
Price / SF$0.83
Days on Market6
Property Features for 702 NAYLOR MILL ROAD #B
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Commercial
Amenities
concrete flooring
220V single-phase electric
restroom
ceiling fan
heating and air conditioning
overhead drive-in door
Building Details
Year Built
1980
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:29AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this 1,452-square-foot flex property combines a 1,320-square-foot warehouse with a 132-square-foot office. The warehouse has concrete floors, a 14-foot center ceiling, and an overhead drive-in door measuring 11 feet 6 inches by 14 feet 6 inches. A restroom and ceiling fan serve the warehouse, which is heated by oil; the office has both heating and air conditioning. The property also has 220V single-phase electric service.
Key Highlights
- 1,452 square feet total, including a 1,320‑square‑foot warehouse and 132‑square‑foot office
- 14‑foot center ceiling height in the warehouse
- 11‑foot 6‑inch by 14‑foot 6‑inch overhead drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,233
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,660
$164.7K
Cap Rate 7%
$117,614
$117.6K
Cap Rate 9%
$91,478
$91.5K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$13.1K $9.00/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$11.8K $8.10/SF
− OpEx
−$3.5K −$2.43/SF
NOI
$8.2K $5.67/SF
Area
Wicomico County, MD
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,660
Cap Rate 7%
$117,614
Cap Rate 9%
$91,478
Alternative Uses
Best Use
Flex RnD
$174.7K
$152.9K – $203.9K
NOI $12,232 @ 7.0% cap · market cap 1,019.33%
Second Best
Warehouse
$134.0K
$117.3K – $156.4K
NOI $9,382 @ 7.0% cap · market cap 781.83%
Theoretical Best
Office A
$507.9K
$444.4K – $592.6K
NOI $35,554 @ 7.0% cap · market cap 2,962.83%
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
191
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The space pairs a drive-in warehouse with a separately heated and cooled office.
Where is this flex space located?
The property is located at 702 NAYLOR MILL ROAD #B Salisbury, MD.
What are key features of this property?
This property features: 1,452 square feet total, including a 1,320‑square‑foot warehouse and 132‑square‑foot office; 14‑foot center ceiling height in the warehouse; 11‑foot 6‑inch by 14‑foot 6‑inch overhead drive‑in door
