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    31.79 Acres of Vacant Land Title is generated by Realmo AI

    0 Old Bradley Road, Mardela Springs, MD 21837

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    Claim this Listing
    For Sale
    $599,900

    Vacant Land - Mardela Springs, MD

    Lot size:
    31.30 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    413
    Last Refresh:
    May 21 at 10:06 pm

    Property Features for 0 Old Bradley Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    01-002309
    Lot size
    31.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Williams

    Listing agent Doug Williams

    Listing office National Land Realty, Hebron, MD 9072 Canter Lane, Hebron, MD

    Listing date Apr 4, 2025

    MLS# 11477496 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.3+ million cubic yards of high‑quality borrow material available.
    • Excellent habitat for Sika deer, Whitetail deer, Turkey, and Waterfowl.
    • Enjoy the existing pond with history of successful waterfowl hunting and Largemouth Bass fishing.
    • Over 1,000+- acres of adjoining lands with prohibited hunting, ensuring numerous deer.
    • Cleared areas ideal for food plots and wildlife enhancement.
    • Previously approved perc tests and scenic pond views, suitable for weekend RV getaways.

    Overview

    Located in western Wicomico County, this 31.79-acre tract is situated on the west side of Old Bradley Road and the east side of US Route 50. Formerly operated as the Hanson Borrow Pit, the property contains over 1.3 million cubic yards of borrow material, including Select Borrow, Capping Borrow, and Common Borrow, according to the most recent soils report. The property provides habitat for Sika, Whitetail, Turkey, and Waterfowl. The existing pond has a history of successful waterfowl hunting and has produced Largemouth Bass of 5+ lbs. Deer, including Sika and Whitetail, are numerous due to over 1,000 acres of adjoining lands with prohibited hunting. Cleared areas around the pond are suitable for food plots and wildlife enhancement. The property has a history of producing mature stags and bucks. Previously approved perc tests were obtained, but would require updating to pull a septic permit. The property offers scenic pond views and is suitable for weekend getaways with an RV. A survey is available upon request. Buyer to conduct all due diligence on any potential future mining and building potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mining land & claims

    Map

    City
    Mardela Springs
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.79197
    Latitude
    38.474716

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    FAQs

    What type of property is this?
    Mining land & claim - 31.79 acres in Wicomico County, previously a surface mine.
    Where is this mining land & claim located?
    The property is located at 0 Old Bradley Road Mardela Springs, MD.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 1.3+ million cubic yards of high‑quality borrow material available.; Excellent habitat for Sika deer, Whitetail deer, Turkey, and Waterfowl.; Enjoy the existing pond with history of successful waterfowl hunting and Largemouth Bass fishing.
    (410) 726-1831
    We can help!
    Listing Contact
    Doug Williams
    Learn More
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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.

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