Property profile

1607 Northwood Dr Salisbury, MD 21801

OFF-MARKET
Industrial properties
Property ID
US40-0342415
15,000 SF 1.25 ac lot Built 1967
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Production Facility
  • General Contractor Construction Company

Location

1607 Northwood Dr Salisbury, MD 21801-7886
Salisbury metro Census 10101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$470k

Owner & transaction history

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
Zoning description

The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate p…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1607 Northwood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message