Property profile

28594 Naylor Ml Rd Salisbury, MD 21801

OFF-MARKET
Distribution centers
Property ID
US40-2078356
43,680 SF 20.02 ac lot Built 2007
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This commercial land is located in Westwood Commerce Park and offers flexibility in lot sizing to accommodate a range of development layouts. The park is served by City of Salisbury water and sewer utilities, with natural gas and high-speed voice and data communications infrastructure provided throughout the area, including Verizon lines and additional Maryland broadband facilities that bisect the site. Westwood Commerce Park includes a centralized stormwater management system, supporting orderly drainage and efficient use of developable areas. Electric utility service is available at the site, and development can be approached with build-to-suit design options consistent with tenant and park-oriented commercial use. The park is occupied by multiple businesses and a state entity (Maryland DLLR).

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2007
Construction STEEL FRAME
Total area 43,680 SF
Lot 20.02 ac (872,071 SF)
Zoning code LI
APN 09-025847
UPID US40-2078356

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply

Location

28594 Naylor Ml Rd Salisbury, MD 21801-8065
Salisbury metro Census 10200 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.34M
Comparable Approach Comparable
$8.12M
Blend (final) Blend
$6.66M

Owner & transaction history

since 2008
3 recorded transactions
2008
$10.8M
2006
$1.4M
2000
$944,320

Zoning & alternative use

LI · Salisbury, MD
Zoning description

The purpose of the light industrial district is to foster the continuance of existing manufacturing and other light industrial uses and to encourage the location of new industries within the city to continually improve t…

General category INDUSTRIAL
Top alternative use upside
Industrial (general) $8.8M +62.1%
Retail stores $8.0M +46.3%
Office building $8.0M +46.2%

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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