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    RE/MAX 100

    53692 County Road 17, Bristol, IN 46507
    (574) 622-0136
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    Size: 10+ agents

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    Property Types

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    • Residential Multi Family
    • Commercial Sale

    Listings

    For Sale (15)

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    Half-Acre Lot in Montross, VA
    Contact for pricing
    0.51 Acres

    Half-Acre Lot in Montross, VA

    Half-acre lot with community amenities near the Potomac River.

    Federalist Way, Montross, VA 22520
    View details
    Residential Land in Lusby, MD
    $34,900
    0.36 Acres

    Residential Land in Lusby, MD

    0.36-acre land in Chesapeake Ranch Estates, Lusby, MD.

    856 Crystal Rock Rd, Lusby, MD 20657
    View details
    Ellicott City Emerald Sanctuary Land
    $175,000
    11.91 Acres

    Ellicott City Emerald Sanctuary Land

    11.9 acres of land in the heart of Ellicott City.

    Joey Dr, Ellicott City, MD 21042
    View details
    Mishawaka Commercial Land For Sale
    $175,000
    2.39 Acres

    Mishawaka Commercial Land For Sale

    2.39 acres of commercial land with high visibility and access.

    N Fir Rd, Mishawaka, IN 46545
    View details
    Residential Land in Charlotte Hall
    $70,000
    3.00 Acres

    Residential Land in Charlotte Hall

    Three-acre wooded lot suitable for building a custom home.

    11065 Genevas Pl, Charlotte Hall, MD 20622
    View details
    Land in Prince Frederick, MD
    $175,000
    9.00 Acres

    Land in Prince Frederick, MD

    9 acre land parcel in Prince Frederick, Maryland.

    145 Stafford Rd, Prince Frederick, MD 20678
    View details
    Elkhart Bed & Breakfast Opportunity
    $650,000
    0.31 Acres

    Elkhart Bed & Breakfast Opportunity

    Bed & Breakfast with income potential in Elkhart, Indiana.

    529 S 2Nd St, Elkhart, IN 46516
    View details
    Waterview Land in Nanjemoy, MD
    $157,500
    4.80 Acres

    Waterview Land in Nanjemoy, MD

    Almost 5 acres with waterview and boat dock easement.

    Tayloes Neck Rd, Nanjemoy, MD 20662
    View details
    Residential Land in Park Chesapeake
    $180,000
    3.08 Acres

    Residential Land in Park Chesapeake

    3.08 acre lot in sought after Park Chesapeake community.

    Blue Point Ct, Lusby, MD 20657
    View details
    Residential Land with Mature Trees
    $49,999
    0.90 Acres

    Residential Land with Mature Trees

    Residential lot featuring mature trees, existing driveway, and foundation.

    27723 Plainfield Dr, Elkhart, IN 46514
    View details
    Residential Land in Temple Hills
    $35,000
    0.33 Acres

    Residential Land in Temple Hills

    Wooded lot in established neighborhood with utilities available.

    5806 Middleton Ct, Temple Hills, MD 20748
    View details
    Residential Land in Columbia, MD
    $449,999
    0.83 Acres

    Residential Land in Columbia, MD

    Prime 0.83-acre lot in Columbia, MD, ready for development.

    5540 Waterloo Rd, Columbia, MD 21045
    View details
    RITCHIE HWY Commercial Opportunity
    $899,000
    3,200 SF

    RITCHIE HWY Commercial Opportunity

    3200 sqft commercial space with parking on RITCHIE HWY.

    5410 Ritchie Hwy, Baltimore, MD 21225
    View details
    Corner Lot Ready For Building
    $34,900

    Corner Lot Ready For Building

    Vacant corner lot suitable for new home construction.

    5400 Addison Rd, Capitol Heights, MD 20743
    View details
    Commercial Land For Sale
    $175,000

    Commercial Land For Sale

    Commercial land available for sale.

    145 Stafford Rd, Prince Frederick, MD 20678
    View details

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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
    RE/MAX 100
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