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Property profile & analytics

224 Phillip Morris Dr Salisbury, MD 21804

  • Office buildings
  • 36,807 SF
  • 8.12 lot acres
For Sale
Last Sale
Jul 19, 2023
$2,690,000
Value Estimations
Cap Rate Potential
Location Intelligence
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.

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 valuation — 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
More about this property
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