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    Property profile & analytics

    610 Beam St Salisbury, MD 21801

    • Manufacturing properties
    • 22,729 SF
    • 4.34 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    Mar 07, 2023
    $3,600,000
    Value Estimations
    $4,220,000
    Cap Rate Potential
    3.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US40-0062358
    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

    • Relcomm Technologies Inc. / Electronic Parts Supplier
    • RF Relay Store / Money Transfer Service

    Property Details for 610 Beam St

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    4.34 lot acres
    Property size
    22,729 SF
    Zone code
    IP
    Property type
    Manufacturing properties
    APN
    09-058605
    APU
    9058605

    Description

    This exceptional Class A industrial property, located at 610 Beam St, Salisbury, MD 21801, offers 7,960 square feet of versatile flex space within a larger 23,243 square foot building. The single-story building sits on 4.3 acres of land and is zoned IP, making it ideal for manufacturing, distribution, R&D, or warehouse operations. The space features a 16-foot ceiling height, three loading docks, and ample parking for 50 vehicles. Its strategic location within a sought-after Salisbury industrial park provides convenient access to Route 13 and Route 50, ensuring efficient transportation and logistics. The property's flexible layout allows for customization to meet specific business needs. The building is currently multi-tenant, with one suite available. This exceptional opportunity combines prime location, functional design, and ample space to support a variety of industrial operations. The property boasts a dock-high door for streamlined loading and unloading, significantly improving efficiency. Don't miss this chance to secure a well-located, high-quality industrial space in a thriving Maryland market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,210,000
      ML approach
      $3,930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,394,000
      Market price range: $1.84M - $8.15M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5878
    Latitude
    38.3942
    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
    $13,483
    $340,200
    $1,011,500
    $1,351,700
    -
    $340,200
    $1,011,500
    $1,351,700

    Comparable in this City

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      406 Marvel Rd

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    • Value Estimation by Request
      11,920 SF

      2121 Zion Rd

      MANUFACTURING (LIGHT) • 11,920 SF
      2121 Zion Rd, Salisbury, MD 21801-2230
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    • Value Estimation
      $250,000
      1,450 SF

      2029 Northwood Dr

      MANUFACTURING (LIGHT) • 1,450 SF
      2029 Northwood Dr, Salisbury, MD 21801-7800
      View Details
    • Value Estimation
      $675,000
      9,507 SF

      1751 Westwood Dr

      MANUFACTURING (LIGHT) • 9,507 SF
      1751 Westwood Dr, Salisbury, MD 21801-2180
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    • Value Estimation
      $445,000
      6,120 SF

      129 Columbia Dr

      MANUFACTURING (LIGHT) • 6,120 SF
      129 Columbia Dr, Salisbury, MD 21801-3307
      View Details
    • Value Estimation
      $355,000
      1,854 SF

      630 Naylor Ml Rd

      MANUFACTURING (LIGHT) • 1,854 SF
      630 Naylor Ml Rd, Salisbury, MD 21801-1106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      54,000 SF

      Renovated Flex Space Available

      Newly renovated flex space with recent upgrades and no triple net.
      2207 Northwood Dr, Salisbury, MD 21801
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    • $350,000
      9,308 SF

      Freestanding Warehouse on Parsons Rd

      9,308 SF warehouse with loading dock and fenced yard.
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    • $1,090,000

      Warehouse and Office Industrial Property

      Rare industrial property with warehouse and office space for sale.
      111 Olive St, Salisbury, MD 21801
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    • $1,990,000
      20,000 SF

      20,000 SF Warehouse on 3.2 Acres

      20,000 SF warehouse on 3.2 acres, Salisbury, MD.
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    • Contact for pricing
      1.97 Acres

      Salisbury Industrial Space - 1.97 Acres

      Versatile industrial space, ample parking, prime location.
      1607 Northwood Dr, Salisbury, MD 21801
      View Details
    • $459,900

      Light Industrial/Commercial Property For Sale

      Light Industrial/Commercial property with updated residence and buildable parcels.
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    Similar Nearby for Lease

    • $13 SF/Yr
      190,000 SF

      Flex Warehouse Build-to-Suit Opportunity

      Flexible warehouse spaces available for rent near Route 13.
      Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • $13 SF/Yr
      190,000 SF

      Naylor Mill Industrial Campus

      Four Build-to-Suit Warehouses Available
      0 Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • $1,771 /Mo
      2,500 SF

      Office/Manufacturing Space For Lease

      2,500 SF office/manufacturing space available for lease.
      2040 Shipley Dr, Salisbury, MD 21801
      View Details
    • $718 /Mo

      Warehouse Space with Overhead Doors

      1,914 SF warehouse space with two grade-level doors.
      620 Naylor Mill Rd, Salisbury, MD 21801
      View Details
    • $7 SF/Yr
      7,927 SF

      Salisbury Industrial Park Warehouse Space

      Industrial space in Salisbury with convenient access to major routes.
      600-610 Beam St, Salisbury, MD 21801
      View Details
    • $7,500 /Mo

      Waterfront Warehouse Space Available

      Warehouse space with waterfront access, ideal for logistics.
      210 Mill St, Salisbury, MD 21801
      View Details
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    610 Beam St
    Salisbury, MD 21801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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