Financial
Distress signals
Property profile

404 Winfield Ave Salisbury, MD 21801

FOR SALE
Other warehouses
Property ID
US40-0237665
5,000 SF 0.46 ac lot Built 2005
Last sale Jun 2023 · $510,000
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.
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Property summary

AI-generated overview

This heated flex warehouse features an 18-foot clear ceiling height and a 14-foot overhead door, along with a fully conditioned office area for administrative or back-office functions. The building is served by public utilities and includes onsite parking suitable for day-to-day operations. The property is located in an Enterprise Zone and is situated at 404 Winfield Ave in Salisbury, Maryland; its combination of warehouse access, ceiling height, and conditioned office space is configured to support flexible back-office and light operational uses.

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$474k
Assessed land$50k
Assessed improvement$424k
Effective rate1.00%

Value estimate

· Sep 2026
$595k
$536k – $655k
AI approach$560k
CAP approach$495k
Submarket $/SF estimate$696k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$7k
Operating expenses−$23k
NOI · 7.08% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$45 – $186

Cap rate analysis

How does the asset earn?
7.08%
$42k 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 agency21.2
Dental Office17.9
Law Firm16.1

Location

404 Winfield Ave Salisbury, MD 21801
County assessor Recorded deeds · 3 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
207 Kiley, Salisbury, MD 21801-2249 $7,173,206 Feb 2026 5,151 SF
628 Naylor Ml, Salisbury, MD 21801 $800,000 Apr 2025 5,740 SF
118 Arlington, Salisbury, MD 21801-3345 $410,000 May 2024 6,500 SF
2029 Northwood, Salisbury, MD 21801-7800 $250,000 Apr 2024 1,450 SF
229 Lk, Salisbury, MD 21801-4015 $200,000 Mar 2024 4,400 SF
233 Lk, Salisbury, MD 21801-4015 $200,000 Mar 2024 4,000 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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