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    825 Isabella St Salisbury, MD 21801

    Sponsored
    For Sale
    $500,000

    High-Yield Gas Station & C-Store in MD

    Property size:
    1,599 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-established gas station and convenience store located at 825 W. Isabella Street, Salisbury, Maryland, 21801. The property boasts a substantial 1,599 square feet building situated on a 1.09-acre lot, zoned for commercial use and built in 1964. Currently operating under an 11-year NNN lease with an experienced operator, this property offers a strong 7.79% cap rate and a net operating income (NOI) of $38,962. The asking price is $500,000, translating to $312.70 per square foot. The lease includes 3% annual rent increases commencing June 2024, ensuring consistent income growth. Landlord responsibilities are minimal, encompassing only half of the property taxes. A Phase 1 environmental assessment was successfully completed in 2017. The property includes 10,000-gallon fuel tanks and the tenant manages all licenses (including alcohol and lottery permits), eliminating any landlord obligations. A significant advantage is the inclusion of two additional lots with separate addresses, presenting potential for future expansion or development. This turnkey investment offers a compelling combination of strong cash flow, long-term lease stability, and significant upside potential. The property's prime location in Salisbury, Maryland ensures high traffic volume, contributing to its consistent profitability.

    Property Features for 825 Isabella St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,599 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1964

    HighLights

    • 11‑Year NNN Lease with Creditworthy Tenant.
    • Landlord pays only 50% of property taxes.
    • Phase I Environmental Site Assessment completed and passed in 2017.
    • No fuel supply agreement.
    • Tenant responsible for all licenses and permits (including alcohol and lottery).
    • Property includes 10,000‑gallon tanks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Top Ten Convenience Store ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6094424
    Latitude
    38.3710883

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    FAQs

    What type of property is this?
    Automotive property - High-Yield Gas Station & C-Store in MD
    Where is this automotive property located?
    The property is located at 825 Isabella St Salisbury, MD.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 11-Year NNN Lease with Creditworthy Tenant.; Landlord pays only 50% of property taxes.; Phase I Environmental Site Assessment completed and passed in 2017.
    Request Owner's contact information
    825 Isabella St Salisbury, MD 21801
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    Salisbury, MD 21801
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    Realmo Value Estimation

    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.

    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.

    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
    825 Isabella St Salisbury, MD 21801
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