2020 Northwood Dr Salisbury, MD 21801
Property profile & analytics
2020 Northwood Dr Salisbury, MD 21801
- Manufacturing properties
- 20,000 SF
- 3.21 lot acres
Property ID
US40-1162440
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Toroid Corporation / Industrial Manufacturer / Production Facility
- Inductive Tech LCC / Electronics & Wireless Store
Property Details for 2020 Northwood Dr
- Year built
- 1996
- Construction
- BRICK
- Lot size
- 3.21 lot acres
- Property size
- 20,000 SF
- Zone code
- LI
- Property type
- Manufacturing properties
- APN
- 09-050779
- APU
- 9050779
Description
This exceptional 20,000 square foot industrial property, located at 2020 Northwood Drive in Salisbury, Maryland, presents a compelling investment opportunity. The property features a single-tenant, net-net-net (NNN) lease with Toroid, a strong credit tenant, providing significant financial stability. The current lease has a remaining term of 10.8 years, offering long-term income security. The property boasts a current net operating income (NOI) of $120,000 annually, with built-in rent increases of 10% every five years, ensuring consistent growth in cash flow. The NNN lease structure eliminates landlord responsibilities for structural and mechanical repairs, making this a truly hands-off investment. The property's flexible warehouse/office space is a rare find in the Eastern Shore market, particularly with a national credit tenant. Its location within an Enterprise Zone offers additional tax advantages. The building is in pristine condition, representing a low-risk, high-reward investment ideal for a 1031 exchange buyer seeking a passive income stream with significant long-term potential. This is a turnkey investment opportunity not to be missed. The asking price is $1,990,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,130,000
- ML approach
- $2,145,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,745,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,533,000
Market price range: $657k - $3.84M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,285,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5831
- Latitude
- 38.3955
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,671
$166,300
$1,204,200
$1,370,500
-
$166,300
$1,204,200
$1,370,500
