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Financial
Distress signals
Property profile

243 W Main St Salisbury, MD 21801

FOR LEASE
Investment properties
Property ID
US40-0061886
3,303 SF 0.04 ac lot Built 1880
Last sale Oct 2021 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
243 W Main St, Salisbury, MD 21801 For Lease
$1,100/Mo
243 W Main St, Salisbury, MD 21801
View Listing

Property summary

AI-generated overview

This exceptional 1,101 square foot office space is ideally situated on the corner of West Main and Mill Streets, offering unparalleled visibility and accessibility. Located within a three-story, 3,303 square foot building constructed in 1880 and extensively renovated in 2015, this single-tenant space presents a unique opportunity. The first-floor unit boasts a thoughtfully designed layout, including three individual offices, a welcoming lobby area, and a convenient bathroom. The property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$189k
Assessed land$26k
Assessed improvement$162k
Effective rate1.00%

Value estimate

· Oct 2026
$660k
$594k – $726k
AI approach$705k
CAP approach$505k
Submarket $/SF estimate$631k
NOI build-up
Gross scheduled income$150k
Vacancy & credit loss−$17k
Operating expenses−$40k
NOI · 8,438.18% cap applied$93k

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

Recently sold

What actually traded nearby?
$164/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$81 – $333
Qualifying comparables3

Cap rate analysis

How does the asset earn?
8,438.18%
$93k 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?
CB
JurisdictionWICOMICO

Location intelligence

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

Location

243 W Main St Salisbury, MD 21801
County assessor Recorded deeds · 4 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
305 Division, Salisbury, MD 21801-4218 $350,000 Sep 2023 5,025 SF
146 Market, Salisbury, MD 21801-5147 $225,000 Aug 2023 2,514 SF
102 Division, Salisbury, MD 21801-4942 $252,500 Jul 2023 2,688 SF
300 Main, Salisbury, MD 21801-4908 $410,000 May 2021 5,794 SF
336 Lk, Salisbury, MD 21801-4018 $105,000 Dec 2020 2,446 SF
123 Camden, Salisbury, MD 21801-5029 $305,000 Dec 2020 2,928 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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