618 Beam StSalisbury, MD 21801

Property Details for 618 Beam St

Year built

1986

Construction

BRICK

Lot size

10.81 AC

Property size (Sq ft)

9,197 SF

Property type

Office buildings

APN

09-067108

APU

9067108

Description

This exceptional industrial property, situated on over 10 acres in Salisbury, MD's Northwood Industrial Park, offers a unique blend of warehouse, flex, and manufacturing space. Conveniently located at the intersection of MD Route 13 and Route 50, this single-story, 49,227 square foot building boasts a 1986 construction date with significant renovations completed in 2023. The property features 19,295 square feet of immediately available space, divisible to a minimum of 5,708 square feet, accommodating a variety of business needs. Ceiling heights range from 13 to 20 feet, providing ample vertical space. The property includes four loading docks (two newly installed for future tenants), one drive-in door, and over 150 parking spaces, ensuring efficient operations and ample room for employees and visitors. The expansive land area allows for substantial outdoor storage. The building currently houses multiple tenants and offers a mix of warehouse and office space, making it suitable for various industrial and manufacturing uses. This prime location within a thriving industrial corridor, alongside established businesses like Perdue, Zoetis, Delmarva Power, and Plymouth Tube, presents a compelling opportunity for growth and expansion. The property's recent renovations ensure modern functionality and efficiency.

• CAP approach

  CAP return

  Valuation

  6%

  $1,791,230

  6.5%

  $1,653,440

  7%

  $1,535,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $545,556

  Geo Method

  $578,583

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,244,770

  Retail / Commercial

  $1,665,950

  Mixed-Use / Specialty

  $1,661,630

  Hospitality / Lodging

  $1,221,190

  Institutional / Educational

  $1,728,000

  Residential Income

  $2,021,760

  Multifamily

  $2,415,830

  Automotive / Energy

  $1,481,140

  Parking / Income-Based Land

  $509,528

  Restaurant / Food Service

  $867,675

  Healthcare / Senior Housing

  $1,702,310

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3942

Longitude

-75.5902

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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