Property profile

1503 S Salisbury Blvd Salisbury, MD 21801

FOR LEASE
Banks
Property ID
US40-1520356
2,600 SF 0.29 ac lot Built 2008
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,050 square foot, two-story office building presents a unique opportunity for businesses seeking high visibility and convenient access. Located at 1503 S Salisbury Boulevard in Salisbury, Maryland (zip code 21801), this all-brick property sits on a 0.29-acre lot and boasts a prime location near Salisbury University and numerous other businesses. The building's former use as a bank provides unique features including six offices, a break/lunch room, five former teller stations easily adaptable to additional office or conference space, thirteen parking spaces, a secure bank vault with safe deposit boxes, and a two-lane drive-thru. The property benefits from a lighted monument sign and is situated at a highly visible, lighted intersection ensuring significant traffic exposure. The entire 3,050 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property is ideal for a variety of businesses, including but not limited to banks, quick-service restaurants with drive-thrus, insurance companies, law firms, accounting firms, financial planners, or real estate companies. The property is classified as Office, Retail, with subtypes including Executive Office, Medical Office, Bank, and Storefront. The tenancy is single.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2008
Construction WOOD
Total area 2,600 SF
Lot 0.29 ac (12,688 SF)
APN 13-034958
UPID US40-1520356

Cap rate & NOI

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

Location

1503 S Salisbury Blvd Salisbury, MD 21801
Salisbury metro Census 10400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2026
4 recorded transactions
2026
$1.2M
2023
Price N/A
2023
Price N/A
2023
$528,650

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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