Financial
Distress signals
Property profile

224 Main St 100 Salisbury, MD 21801

FOR LEASE
Office Spaces
Property ID
US40-1169228
3,165 SF 0.07 ac lot Built 1900
Last sale Feb 2023 · $145,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
224 Main St,Unit 100, Salisbury, MD 21801 For Lease
$9 SF/Yr
224 Main St,Unit 100, Salisbury, MD 21801
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Property summary

AI-generated overview

This exceptional 3,165 square foot storefront, located at 224-226 West Main Street in Salisbury, Maryland's vibrant downtown, presents a unique opportunity. The property, a three-story Class C building constructed in 1900, offers a single-tenant space previously occupied by a dental practice. All dental equipment has been removed, and the landlord has completed minor cosmetic improvements. The layout currently includes nine exam rooms, each equipped with sinks, and three private offices.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$364k
Assessed land$91k
Assessed improvement$273k
Effective rate1.00%

Value estimate

· Sep 2026
$170k
$153k – $187k
AI approach$190k
NOI build-up
Gross scheduled income$80k
Vacancy & credit loss−$10k
Operating expenses−$28k
NOI · 465,255.56% cap applied$42k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$182/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$105 – $289
Qualifying comparables3

Cap rate analysis

How does the asset earn?
465,255.56%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
The purpose of the central business district is to maintain and strengthen the role of the downtown area as the community and regional ce...
General categoryCIVIC_INSTITUTIONAL
JurisdictionWICOMICO

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.3
Tailor Shop9.1
Furniture Store9.0

Location

224 Main St, Unit 100 Salisbury, MD 21801
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
541 Riverside, Salisbury, MD 21801-5322 $490,000 Nov 2025 2,624 SF
201 Kiley, Salisbury, MD 21801-2249 $2,400,000 Jul 2025 3,492 SF
2112 Windsor, Salisbury, MD 21801 $325,000 May 2024 2,635 SF
718 Naylor Ml, Salisbury, MD 21801-1114 $675,000 Mar 2024 2,964 SF
122 Division, Salisbury, MD 21801-4942 $400,000 May 2023 3,090 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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