Financial
Distress signals
Property profile

126 N Division St Salisbury, MD 21801

FOR LEASE
Office buildings
Property ID
US40-1211988
1,412 SF 0.02 ac lot Built 1900
Last sale May 2023 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This 1,412-square-foot professional office space is situated at the gateway to Downtown Salisbury with direct access to Route 50. The interior layout includes a reception area, dedicated rooms suitable for conferencing, private offices, and one and a half bathrooms. The property is located within Salisbury’s Central Business District (CBD) zoning, which supports a variety of uses, and it is positioned within walking distance of courthouses, government buildings, other professional offices,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$124k
Assessed land$13k
Assessed improvement$111k
Effective rate1.00%

Value estimate

· Sep 2026
$470k
$423k – $517k
AI approach$435k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$15k
Operating expenses−$13k
NOI · 2,696.13% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$182/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$105 – $289

Cap rate analysis

How does the asset earn?
2,696.13%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
JurisdictionWICOMICO

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.2
Watch Repair Shop8.7
Tailor Shop8.5

Location

126 N Division St Salisbury, MD 21801
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
709 Division, Salisbury, MD 21801-4121 $87,000 Nov 2023 1,350 SF
2400 Salisbury, Salisbury, MD 21801-2137 $2,000,000 Jul 2023 1,200 SF
405 Marvel, Salisbury, MD 21801-7815 $60,500 Jan 2023 840 SF
1216 Camden, Salisbury, MD 21801-6834 $425,000 Dec 2022 1,224 SF
Salisbury, Salisbury, MD 21801 $21,300,000 Sep 2022 2,282 SF
939 Salisbury, Salisbury, MD 21801-3639 $285,000 Mar 2022 1,196 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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