Retail Office Building on Route
8640 Ocean Highway Salisbury, MD 21875
8640 Ocean Highway, Salisbury, MD, 21875
$1,195,000
For Sale
$1,195,000
Retail-office building offers frontage on U.S. Route 13 at a lighted intersection in Salisbury.
Property Size2,940 SF
Lot Size1.50 Acres
Price / SF$406.46
Days on Market128
Property Features for 8640 Ocean Highway
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Lot size
- 1.50 Acres
- Property subtype
- Street Retail
Listing agency
NAI Coastal
(410) 543-5115
Listed by
Chris Davis · License #302826
(410) 543-5115
Source
Thebrokerlist
Added: Mar 16 Updated: Jul 20 at 5:51PM Checked: Jul 21 at 2:59AM
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
Investment Insights
Based on property information with market context.
This for-sale retail/office building is approximately 2,940 SF and sits on a 1.5-acre parcel. The property is described as a Class retail/office building and is positioned to accommodate retail operations and other commercial uses.
The building fronts U.S. Route 13 at a lighted intersection, along the east-west Ocean Highway corridor in Salisbury, Maryland.
With prominent road frontage on a principal thoroughfare, the property provides a straightforward site for commercial tenants seeking high-visibility access from U.S. Route 13.
The building fronts U.S. Route 13 at a lighted intersection, along the east-west Ocean Highway corridor in Salisbury, Maryland.
With prominent road frontage on a principal thoroughfare, the property provides a straightforward site for commercial tenants seeking high-visibility access from U.S. Route 13.
Key Highlights
- +/- 3,000 SF retail/office building in Salisbury, MD
- Frontage on U.S. Route 13 at a lighted intersection
- 1.5‑acre parcel on the Ocean Highway corridor
Local Financial Insights For Retail
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 | $99.8k | $33.96 |
| − Vacancy | −$11.3k | −$3.85 |
| EGI | $88.5k | $30.11 |
| − OpEx | −$26.6k | −$9.03 |
| NOI | $62.0k | $21.08 |
2,940 SF · lease $33.96/SF/yr · vacancy 11.34% · expense 30.00%
Alternative Uses
Best Use
Retail
$885.2K
$774.6K – $1.03M
NOI $61,964 @ 7.0% cap · market cap 5.19%
Second Best
Office B
$802.0K
$701.7K – $935.6K
NOI $56,138 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.03M
$899.9K – $1.20M
NOI $71,990 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail-office building offers frontage on U.S. Route 13 at a lighted intersection in Salisbury.
Where is this retail space located?
The property is located at 8640 Ocean Highway Salisbury, MD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: +/- 3,000 SF retail/office building in Salisbury, MD; Frontage on U.S. Route 13 at a lighted intersection; 1.5‑acre parcel on the Ocean Highway corridor
