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    224 Phillip Morris Dr Salisbury, MD 21804
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    Property profile & analytics

    224 Phillip Morris Dr Salisbury, MD 21804


    • Office buildings
    • 36,807 SF
    • 8.12 lot acres
    Renovated Office Space Available Now For Lease
    $10 SF/Yr

    Renovated Office Space Available Now

    Newly renovated office space featuring an open layout and suites.

    224 Phillip Morris Dr, Salisbury, MD 21804
    View Listing
    Property ID
    US40-1315110
    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.

    Value Estimations
    $3,360,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Passionate LightHouse of GOD / Church
    • The Spence Realty Group / Real Estate Agency
    • Dr. Kristen M Iman DC / Alternative Medicine Practice
    • Jennifer Funaioli-Sheehan / Pediatrician / Physician
    • Dr. Curtis Harris / Physician

    Property Details for 224 Phillip Morris Dr

    Year built
    1980
    Construction
    BRICK
    Lot size
    8.12 lot acres
    Property size
    36,807 SF
    Zone code
    LB
    Property type
    Office buildings
    APN
    05-108446
    APU
    5108446

    Description

    Philmore Commons offers 42,425 square feet of Class B office space in Salisbury, MD. This multi-tenant building, constructed in 1980, sits on a 9-acre lot and enjoys a highly visible location on US Route 50. Individual suites range from a minimum of 660 square feet to a maximum contiguous space of 6,152 square feet, with the entire 42,425 square feet currently vacant. The property is zoned for Light Business and Institutional use within Wicomico County. Amenities include a large private parking lot, an elevator, and high-speed internet access (Comcast). The landlord is open to negotiating tenant build-outs to create the ideal workspace, and free rent periods may be available. Multiple floor plans are available to accommodate a variety of business needs, making Philmore Commons an excellent opportunity for businesses seeking flexible and well-located office space in the heart of Salisbury. The building's prominent location on a major thoroughfare ensures high visibility and easy access for clients and employees. This is a rare opportunity to secure a significant amount of office space in a desirable location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,145,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,463,000
      Market price range: $4.46M - $8.31M
      AI Estimate
      $3,814,000
      Market price range: $3.81M - $8.34M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5564
    Latitude
    38.3671
    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
    $21,222
    $0.00
    $0.00
    $2,127,500
    -
    $984,500
    $2,007,200
    $2,991,700
    View Listing
    More about this property
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