Retail Suite with
927 MOUNT HERMON ROAD, Salisbury, MD 21804
For Sale
New
Contact for pricing
A reception-led layout pairs open retail space with a private office and rear support areas.
Property Size1,566 SF
Price / SF$0.01
Days on Market4
Property Features for 927 MOUNT HERMON ROAD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Tenancy
Listing Agency:
Keller Williams Realty Delmarva
(410) 677-0909
Listed By:
Charles L Campbell II · License MD #666527
(443) 880-0130
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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 Keller Williams Realty Delmarva
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.
This 1,566-square-foot retail suite is located within Market Place East Shopping Center at 927 Mount Hermon Road. The interior includes a reception area, an open section measuring approximately 19 by 47 feet, and a rear storeroom measuring 15 feet 6 inches by 12 feet 6 inches. A separate office, storage closet, and bathroom complete the layout. The building was constructed in 2015.
The center is on Salisbury’s east side, between BUS Rt 50 and Mount Hermon Road. On-site parking and signage visibility are also noted.
The center is on Salisbury’s east side, between BUS Rt 50 and Mount Hermon Road. On-site parking and signage visibility are also noted.
Key Highlights
- 1,566‑square‑foot retail suite in Market Place East Shopping Center
- Open interior area measuring roughly 19'×47'
- Rear storeroom measuring 15'6"×12'6"
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,005
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,100
$660.1K
Cap Rate 7%
$471,500
$471.5K
Cap Rate 9%
$366,722
$366.7K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$53.2K $33.96/SF
− Vacancy
−$6.0K −$3.85/SF
EGI
$47.2K $30.11/SF
− OpEx
−$14.1K −$9.03/SF
NOI
$33.0K $21.08/SF
Area
Wicomico County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,100
Cap Rate 7%
$471,500
Cap Rate 9%
$366,722
Alternative Uses
Best Use
Retail
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.8K
$479.3K – $639.1K
NOI $38,346 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 40%
Home Improvements & Furnishings 2%
Burger King
Dining
13,578 visits/mo
0.3 miles
Exxon
Shops & Services
12,316 visits/mo
0.2 miles
PNC Bank
Shops & Services
11,012 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,672 visits/mo
0.5 miles
La Tolteca
Dining
7,664 visits/mo
0.3 miles
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Wicomico County, MD
Properties on Market for Retail space in Wicomico County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A reception-led layout pairs open retail space with a private office and rear support areas.
Where is this retail space located?
The property is located at 927 MOUNT HERMON ROAD Salisbury, MD.
What are key features of this property?
This property features: 1,566‑square‑foot retail suite in Market Place East Shopping Center; Open interior area measuring roughly 19'×47'; Rear storeroom measuring 15'6"×12'6"
