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Property profile & analytics
OFF-MARKET Estimated value $1,210,000
Industrial properties

1607 Northwood Dr Salisbury, MD 21801-7886

15,000 SF 1.25 ac lot Built 1967
Entity Owned 2-yr Hold Free & Clear
Property ID
US40-0342415
Property summary
AI-generated overview

This exceptional 1.97-acre industrial property, located at 1607 Northwood Drive Unit 103, Salisbury, MD, presents a unique opportunity for businesses seeking flexible and strategically positioned space. Currently configured for warehousing, this unit will be available December 1st, 2024, or potentially sooner. The space boasts a C-1 General Commercial zoning designation, the most versatile zoning category in Salisbury, allowing for a wide array of uses. The property features shared dock-high access with a secured gated fence at the rear, facilitating efficient tractor-trailer loading and unloading. Two loading docks are conveniently situated on a common corridor. A fenced and paved rear parking area, complete with an automatic gate, provides ample on-site parking. An additional acre of land to the south offers potential for further parking expansion. This property benefits from its excellent location at the corner of Northwood Drive and Alexander Avenue, just one block from Route 13, ensuring easy access to major transportation routes. The property is also situated within the Wicomico County Enterprise Zone, potentially offering economic incentives. High-quality industrial-service neighbors further enhance the desirability of this location. The floor plan is available upon request. This versatile flex building is ideal for businesses requiring a blend of office and warehouse space, offering a secure and convenient environment for operations.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL PARK
Year built 1967
Construction BRICK
Total area 15,000 SF
Lot 1.25 ac (54,300 SF)
Zoning code GC
APN 09-041559
UPID US40-0342415
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nyquist Inc Auto Repair Shop
  • Numotion Production Facility
  • NCM General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$1.21M
Owner & transaction history
1607 Northwood Investment LLC · 2 yrs held
1607 Northwood Investment LLC
since 2023
7 recorded transactions
2023
Price N/A
2023
$1.3M
2021
Price N/A
2005
$525,000
2000
$378,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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