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    100 Main St Salisbury, MD 21801

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    For Lease
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    Penthouse Office: 1164 sq ft, Downtown Views

    Lot size:
    1,164 SF

    Property Features for 100 Main St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,164 SF
    Class
    A

    Spaces For Lease

    at 100 Main St, Salisbury, MD 21801 Contact us

    We can help!

    Listing Contact
    Christian Phillips
    Christian Phillips

    Listing Agency: NAI Coastal Salisbury Listing Agent: Christian Phillips

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A executive office suite, totaling 1,164 square feet, is located on the seventh floor of a prestigious building in downtown Salisbury, Maryland. Boasting a stunning penthouse location at 100 E Main Street, Unit 701, this single-tenant space offers breathtaking views overlooking the intersection of Main Street and Division Street. The suite features an open floor plan, perfect for flexible workspace configurations, and includes a convenient kitchenette. A private office or conference room is available, adaptable to the tenant's specific needs. The building provides convenient access to a large municipal parking garage immediately adjacent, along with additional outdoor parking. The property's prime location places it within easy walking distance of the courthouse and the vibrant array of restaurants in Salisbury's downtown core. Building amenities include elevators and shared common areas such as restrooms and a spacious conference room. The suite is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a prestigious and highly desirable executive office space in the heart of Salisbury. The Wicomico County location offers easy access to major transportation routes and a thriving business community. This property is ideal for businesses seeking a sophisticated and well-appointed office environment in a central location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    William R. Hall, ... Law Firm Centric Business Systems ... Business To Business Service Portner & Shure, P.A. Law Firm Jordan A Gilmore Law ... Law Firm Schwartz & Schwartz Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6008489
    Latitude
    38.3653

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    FAQs

    What type of property is this?
    Office property - Penthouse Office: 1164 sq ft, Downtown Views
    Where is this office property located?
    The property is located at 100 Main St Salisbury, MD.
    What are key features of this property?
    This property features: 1,164 SF Class A executive suite on the 7th floor at 100 E Main Street, Salisbury, MD.; Penthouse corner unit with stunning downtown views.; Open floor plan with private office/conference room and kitchenette.
    (410) 543-5115 Call to check price and availability
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    100 Main St Salisbury, MD 21801
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    Salisbury, MD 21801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Main St Salisbury, MD 21801
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    Contact for Pricing
    Please call us for current price
    and status of this listing Christian Phillips
    Christian Phillips
    Real Estate License ID: 667548
    (410) 543-5115 (410) 430-4427
    Learn more
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