820 Main St Salisbury, MD 21804-5025
Property profile & analytics
820 Main St Salisbury, MD 21804-5025
- Office buildings
- 3,744 SF
- 0.22 lot acres
Property ID
US40-0743119
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 820 Main St
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 0.22 lot acres
- Property size
- 3,744 SF
- Property type
- Office buildings
- APN
- 05-000521
- APU
- 5000521
Description
This exceptional 3,750 square foot office building, located at 820 E Main Street in Salisbury, MD, presents a compelling investment opportunity. Situated on a 0.22-acre lot, the property boasts a current 66% occupancy rate, generating a Net Operating Income (NOI) of $23,394. The building underwent renovations in 2020, resulting in a three-suite configuration. Currently, two of the suites are leased under a Net-Net (NN) lease agreement, with tenants responsible for taxes and common area maintenance (CAM). The owner is responsible for property insurance. One suite, comprising 1,250 square feet, remains vacant, offering significant upside potential for increased income. A new owner could lease this space, boosting the projected NOI to $37,746. The building's excellent condition and straightforward management make it an attractive option for both investors seeking strong returns and business owners looking for a combination of income generation and occupied space. The property's prime location on East Main Street in Salisbury provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing office building with substantial growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5837
- Latitude
- 38.3671
- 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
$2,791
$0.00
$0.00
$279,800
-
$72,000
$315,400
$387,400
