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    Property profile & analytics
    OFF-MARKET Estimated value $12,645,000
    Manufacturing properties

    600 Gln Ave 1, Salisbury, MD 21804-5255

    104,877 SF 3.41 ac lot Built 1962
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US40-0921603
    Property summary
    AI-generated overview

    This exceptional Class A office space, totaling 4,500 square feet, is situated within a thriving neighborhood center in Salisbury, Maryland, at 600 Glen Ave, zip code 21804. Built in 2019, this single-tenant property is part of a larger 142,000 square foot building and sits on a 7.5-acre lot. The space is zoned for Light Industrial use and offers a versatile layout ideal for various professional needs, including traditional office, executive office, coworking, or medical office uses. Features include 14 private offices, a reception area, a conference room, a team break room, multiple restrooms, and ample storage. The property benefits from abundant parking and is conveniently located next to the Civic Center, ensuring high visibility and accessibility. This meticulously designed workspace provides a productive and comfortable environment for your team, combining prestige with practicality in a dynamic and successful location. The property's modern design and amenities make it an attractive option for businesses seeking a high-quality office space in a desirable location. This is a rare opportunity to secure a well-appointed office space in a vibrant neighborhood center.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1962
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 104,877 SF
    Lot 3.41 ac (148,540 SF)
    APN 05-090032
    UPID US40-0921603
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Capital Women's Care Physician
    • Katherine Payne Physician
    • Pure Family Fitness Salisbury Gym & Fitness Center
    • Robert Dawson Physician
    • CubeSmart Self Storage Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $16.58M
    Blend (final) Blend
    $12.65M
    Owner & transaction history
    Devreco Glen LLC · 9 yrs held
    Devreco Glen LLC
    since 2017
    7 recorded transactions
    2023
    2020
    2019
    2018
    2017
    2017
    $2.3M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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