Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Pemberton Dr Salisbury, MD 21801

    • Office Properties & Spaces
    • 17,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 0 Pemberton Dr

    Property size
    17,000 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional Class A office building, located at Pemberton Drive in Salisbury, Wicomico County, Maryland, offers a unique opportunity for businesses seeking prestigious executive office space. The entire 17,000 square foot building is currently vacant and available for lease or purchase. This single-tenant property, situated on Pemberton Drive and near Parsons Cross Street, provides flexibility for businesses of various sizes. The space can be leased as a whole or subdivided to accommodate smaller tenants, with a minimum leasable area of 5,000 square feet. The building is designed for professional office use, making it ideal for companies seeking a modern and efficient workspace. Lease rates start at $18 per square foot, triple net (NNN). Alternatively, the entire property is available for purchase at $250 per square foot. This represents a rare chance to acquire a brand-new, custom-built office space in a prime Salisbury location, zip code 21801. The property's address is Pemberton Drive, Salisbury, MD. This is a to-be-built opportunity, allowing for customization to meet specific business needs. Contact us today to learn more about this outstanding commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6673
    Latitude
    38.3567

    Comparable in this City

    • Value Estimation by Request
      464 SF

      540 Riverside Dr Ste, Unit 12

      CONDOMINIUM OFFICES • 464 SF
      540 Riverside Dr Ste, Salisbury, MD 21801-5352
      View Details
    • Value Estimation by Request
      933 SF

      540 Riverside Dr Ste, Unit 5

      CONDOMINIUM OFFICES • 933 SF
      540 Riverside Dr Ste, Salisbury, MD 21801-5352
      View Details
    • Value Estimation by Request
      126 SF

      224 Main St Frnt, Unit 101

      CONDOMINIUM OFFICES • 126 SF
      224 Main St Frnt, Salisbury, MD 21801-4980
      View Details
    • Value Estimation by Request
      1,613 SF

      106 Pne Blf Rd Ste, Unit 13

      CONDOMINIUM OFFICES • 1,613 SF
      106 Pne Blf Rd Ste, Salisbury, MD 21801-7161
      View Details
    • Value Estimation by Request
      1,201 SF

      1412 Salisbury Blvd Ste, Unit 4

      CONDOMINIUM OFFICES • 1,201 SF
      1412 Salisbury Blvd Ste, Salisbury, MD 21801-7148
      View Details
    • Value Estimation
      $520,000
      5,395 SF

      100 Main St, Unit 4

      CONDOMINIUM OFFICES • 5,395 SF
      100 Main St, Salisbury, MD 21801-5073
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.17 Acres

      Downtown Salisbury Office Suite

      Elegant Office Space, Prime Location
      207 Main St Unit, Salisbury, MD 21801
      View Details
    • Contact for pricing
      0.07 Acres

      Downtown Salisbury Office Space

      Prime corner office, retail conversion potential.
      224-226 Main St, Salisbury, MD 21801
      View Details
    • $1,300,000
      12,984 SF

      Salisbury Office Building & Warehouse

      Prime Salisbury location, 12,984 SF, 3.33 acres
      2523 Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $300,000

      Medical/Professional Office Near Hospital

      2,062 SF office space in Salisbury, MD for sale.
      145 E Carroll St, Salisbury, MD 21801
      View Details
    • Contact for pricing
      13,400 SF

      Warehouse/Office Space in Northwood Park

      13,400 SF warehouse/office unit available in July 2025.
      2020-2040 Shipley Dr, Salisbury, MD 21801
      View Details
    • $2,100,000
      8,500 SF

      Class A Office Building

      Fully tenanted professional space near Route 50, Salisbury, MD.
      Mount Hermon Rd, Salisbury, MD 21801
      View Details

    Similar Nearby for Lease

    • $119 SF/Yr
      70,000 SF

      Northgate Business Park Office Space

      Salisbury, MD: Flexible Office Suites Available
      119 Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • Contact for pricing
      1,164 SF

      Executive Suite, Salisbury, MD

      Penthouse Office: 1164 sq ft, Downtown Views
      100 Main St, Salisbury, MD 21801
      View Details
    • $10 SF/Yr
      6,000 SF

      Salisbury Executive Office Suite

      1,800 SF Office Space Available in Salisbury, MD
      1516 Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $1,900 /Mo
      43,560 SF

      Office Space on Wooded Lot

      2,500 sq ft office space on 1.05-acre wooded lot.
      1500 Riverside Drive Ext, Salisbury, MD 21801
      View Details
    • $10 SF/Yr
      17,860 SF

      Route 13 Frontage Retail/Office Space

      Retail/Office space on Route 13 near Salisbury University.
      1516 S Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $2,198 /Mo

      Salisbury MD Commercial Lease Opportunity

      Commercial lease opportunity in Salisbury, MD. Office space available.
      2203 Northwood Dr, Salisbury, MD 21801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Pemberton Dr
    Salisbury, MD 21801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.