Property profile

1201 Pemberton Dr Salisbury, MD 21801

OFF-MARKET
Office buildings
Property ID
US40-1547423
14,400 SF 0.96 ac lot Built 1996
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located at 1201 Pemberton Drive in Salisbury, Maryland, presents a unique opportunity for businesses seeking high-quality space. Built in 1996 and extensively renovated in 2018, the property boasts 14,400 square feet across two stories, offering a total of six suites. Currently, 4,701 square feet of space is available, with individual suites ranging from a minimum of 1,392 square feet to a maximum contiguous space of 3,309 square feet. The building is ideally suited for both traditional office and medical office uses, reflecting its flexible zoning (NB) and adaptable suite sizes. The property sits on a substantial 42,020-acre lot and provides convenient parking with 40 spaces available. Future improvements include the installation of EV charging stations and high-speed fiber internet access, enhancing the property's appeal and functionality. The building features an elevator for easy access to both floors. This is an excellent opportunity to establish a presence in a well-maintained, modern office building in a desirable Salisbury location. The property's size and layout offer flexibility for a variety of business needs, making it an attractive option for both single-tenant and multi-tenant occupancy. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Construction BRICK
Total area 14,400 SF
Lot 0.96 ac (42,020 SF)
Zoning code NB
APN 09-083146
UPID US40-1547423

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • Veterinary Clinic
  • Foster Care Service Social Service Agency
  • Publishing House

Location

1201 Pemberton Dr Salisbury, MD 21801-2497
Salisbury metro Census 10300 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.96M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$2.00M

Owner & transaction history

since 2022
Last sale
$1.5M
4 recorded transactions
2022
$1.5M
2020
$1.2M
2002
$925,000
1969
Price N/A

Zoning & alternative use

NB · Salisbury, MD
Zoning description

The purpose of the neighborhood business district is to provide areas along major roads or intersections in residential neighborhoods for clustering of limited business and service uses, the areas are exposed to large am…

General category COMMERCIAL
Top alternative use upside
Industrial (general) $2.9M +10.9%
Retail stores $2.6M +0.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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