Financial
Distress signals
Property profile

2020 Northwood Dr Salisbury, MD 21801

FOR SALE
Manufacturing properties
Property ID
US40-1162440
20,000 SF 3.21 ac lot Built 1996
Last sale Oct 2025 · $1,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a single-tenant commercial asset operated under a net lease structure (NNN) with a tenant responsible for structural and mechanical repairs, resulting in generally limited landlord maintenance obligations. It provides approximately 20,000 square feet of flex space, with both warehouse and office areas included in the overall configuration. The site is located within an Enterprise Zone. The property is documented as being in exceptional condition, and its lease structure includes periodic scheduled increases.

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?
$14k
Tax billed · 2023
Assessed value$1.37M
Assessed land$166k
Assessed improvement$1.20M
Effective rate1.00%

Value estimate

· Sep 2026
$2.13M
$1.92M – $2.34M
AI approach$2.15M
CAP approach$1.75M
Submarket $/SF estimate$2.53M
NOI build-up
Gross scheduled income$168k
Vacancy & credit loss−$16k
Operating expenses−$23k
NOI · 6.49% cap applied$129k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$202/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$81 – $359

Cap rate analysis

How does the asset earn?
6.49%
$129k 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?
LI
The purpose of the light industrial district is to foster the continuance of existing manufacturing and other light industrial uses and t...
General categoryINDUSTRIAL
JurisdictionWICOMICO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.6
Law Firm12.6
Convenience Store10.2

Location

2020 Northwood Dr Salisbury, MD 21801
County assessor Recorded deeds · 6 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
601 Beam, Salisbury, MD 21801-7876 $1,420,133 Aug 2024 19,532 SF
2029 Northwood, Salisbury, MD 21801-7800 $250,000 Apr 2024 1,450 SF
610 Beam St, Salisbury, MD 21801-7803 $3,600,000 Mar 2023 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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