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Property profile & analytics
FOR LEASE
Warehouses

210 Mill St Salisbury, MD 21801

11,900 SF 1.17 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US40-0966892
Property summary
AI-generated overview

This exceptional Class A industrial property, located at 210 Mill St, Salisbury, MD 21801, offers 40,000 square feet of versatile space within a single, two-story building. The property sits on 1.17 acres of land and is zoned RRMU in Wicomico County. Built in 1958, the building is currently fully vacant and available for immediate occupancy. The space is divisible to a minimum of 2,500 square feet, accommodating a variety of business needs, from small startups to large-scale operations. With three total suites, the property offers flexibility for multiple tenants or a single large occupant. A 10% load factor is included. Its prime waterfront location provides unparalleled access to maritime transportation, while its proximity to bus route 50 ensures high visibility and convenient access for employees and clients. Furthermore, the property benefits from immediate access to major highways, making it an ideal location for logistics, import/export, storage, and manufacturing businesses. This is a rare opportunity to secure a substantial, well-located industrial space with significant potential. The property's size, location, and accessibility make it a highly desirable asset for businesses seeking efficient operations and strategic positioning.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1958
Construction BRICK
Total area 11,900 SF
Lot 1.17 ac (51,000 SF)
Zoning code RRMU
APN 09-046054
UPID US40-0966892
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Davis Strategic Development LLC · 3 yrs held
Davis Strategic Development LLC
since 2023
Last sale
$375,000
4 recorded transactions
2023
$375,000
2017
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
RRMU · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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