Property profile

223 Lake St Salisbury, MD 21801

FOR SALE
Other distribution properties
Property ID
US40-0879894
2,880 SF 0.51 ac lot Built 1980
Entity Owned Free & Clear
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For Sale
Contact for pricing 2,880 SF
223 Lake St, Salisbury, MD 21801
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Property summary

AI-generated overview

The property in Salisbury, Maryland combines office and warehouse facilities under one roof. The office area has a lobby, three private offices, and a restroom. The warehouse portion includes two garages, each equipped with running water and floor drains, and one garage features a 10 x 12 roll-up door suitable for larger vehicles, deliveries, or equipment. The building sits on a 0.51-acre lot and is configured to support use cases that require both office space and enclosed warehouse/garage space on the same site.

Property profile

Verified
Property type Other distribution properties
Use group COM AUTO TRANS/STORAGE
Year built 1980
Construction BRICK
Total area 2,880 SF
Lot 0.51 ac (22,318 SF)
Zoning code GC
APN 09-058931
UPID US40-0879894

Cap rate & NOI

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

Location

223 Lake St Salisbury, MD 21801
Salisbury metro Census 300 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2018
Price N/A
2013
$185,000
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
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More about this property
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