Financial
Distress signals
Property profile

306 WEST Main St Salisbury, MD 21801

FOR LEASE
Retail space
Property ID
US40-1385136
4,550 SF 0.19 ac lot Built 1940
Last sale Oct 2021 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
306 WEST Main St, Salisbury, MD 21801 For Lease
$1,800/Mo 4,550 SF available
306 WEST Main St, Salisbury, MD 21801
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Property summary

AI-generated overview

The property is a one-story commercial building of approximately 4,550 square feet located in central Salisbury at the corner of Mill Street and West Main Street, providing frontage on a busy intersection. The building is currently divided into two separate units but is designed to be combined into a single whole-building configuration. Unit A (approximately 2,600 square feet) is on the western side and includes a private restroom and a large open-concept retail or office area with substantial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$5k
Tax billed · 2023
Assessed value$503k
Assessed land$126k
Assessed improvement$377k
Effective rate1.00%

Value estimate

· Sep 2026
$725k
$653k – $798k
AI approach$770k
Submarket $/SF estimate$767k
NOI build-up
Gross scheduled income$149k
Vacancy & credit loss−$33k
Operating expenses−$29k
NOI · 4,826.67% cap applied$87k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$182/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$113 – $255

Cap rate analysis

How does the asset earn?
4,826.67%
$87k 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?
CBD
The purpose of the central business district is to maintain and strengthen the role of the downtown area as the community and regional ce...
General categoryCIVIC_INSTITUTIONAL
JurisdictionWICOMICO

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store11.8
Storage Facility11.7
Pawn Shop10.4

Location

306 WEST Main St Salisbury, MD 21801
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1150 Pemberton, Salisbury, MD 21801-2400 $1,600,000 Jan 2026 4,648 SF
2417 Salisbury, Salisbury, MD 21801-2192 $950,000 Oct 2024 5,000 SF
1147 Pemberton, Salisbury, MD 21801-2529 $625,000 Apr 2024 4,300 SF
1408 Salisbury, Salisbury, MD 21801-7127 $715,000 Dec 2022 3,840 SF
28940 Naylor Ml, Salisbury, MD 21801-8040 $5,502,029 Oct 2021 4,950 SF
1312 Salisbury, Salisbury, MD 21801-3675 $350,000 Jul 2020 3,807 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
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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
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