Property profile

32057 Beaver Run Dr Salisbury, MD 21804

FOR SALE
Office buildings
Property ID
US40-2235937
4,550 SF 1.07 ac lot Built 1997
Individually Owned 20-yr Hold ~ Est. High Equity
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32057 Beaver Run Dr, Salisbury, MD 21804 For Sale
$749,900 4,550 SF
32057 Beaver Run Dr, Salisbury, MD 21804
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Property summary

AI-generated overview

This exceptional 4,550 square foot office building is strategically located on Route 50 (Ocean Gateway) in Salisbury, Maryland's Beaver Run Business Park, boasting high visibility and convenient access. Situated on a 1.07-acre lot, the property offers ample private parking with 27 spaces. The building enjoys a prime location near major intersections, including Walston Switch Road, placing it in the heart of Salisbury's commercial activity. Neighboring businesses include Chesapeake Healthcare, Salisbury Musculoskeletal Clinic, 7-Eleven, Delmarva Power Sports, Pool Tech, Coastal Comfort Heat & Air, Spicer Bros. Construction, and Sandpiper Energy. Across Route 50 are Wor-Wic Community College, Royal Farms, and Arby's, with Perdue Corp. Headquarters also nearby. The building itself is zoned LBI (Light Business Institutional) and features two front entry doors and a double back door. The first floor offers mostly open finished space, a private office, a bathroom, and a reception area. The upstairs includes three additional offices, open space, another bathroom, and storage. The property includes lighted building signage and significant road frontage on Route 50, providing excellent branding opportunities. This location offers easy access to Ocean City, Maryland, approximately 30 minutes away. The asking price is $799,900.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,550 SF
Lot 1.07 ac (46,609 SF)
Zoning code AR
APN 05-106400
UPID US40-2235937

Cap rate & NOI

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

Location

32057 Beaver Run Dr Salisbury, MD 21804
Salisbury metro Census 10604 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$552k
Blend (final) Blend
$510k

Owner & transaction history

since 2006
3 recorded transactions
2023
Price N/A
2006
$500,000
1969
Price N/A

Zoning & alternative use

AR · Salisbury, MD
Top alternative use upside
Retail stores $830,000 +9.5%

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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