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    Redevelopment Opportunity in Western Maryland Title is generated by Realmo AI

    10105 COTTAGE INN Lane NE, Cumberland, MD 21502

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    For Sale
    $550,000

    LAND - CUMBERLAND, MD

    Lot size:
    14.58 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    106
    Last Refresh:
    May 12 at 5:06 am

    Property Features for 10105 COTTAGE INN Lane NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    14.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1913

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Krystal Stewart

    Listing agent Krystal Stewart License #679847

    Listing office RG Realty, Inc. 12907 Oak Hill Avenue, SMITHSBURG, MD

    Listing date Jan 26, 2026

    MLS# MDAL2013774 Listing URL

    Copyright © 2026 Bright 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

    • 14‑acre commercial property with significant redevelopment potential.
    • Prime location in scenic Western Maryland, minutes from I‑68, Downtown Cumberland, UPMC, and Allegany College.
    • Utilities: Two working wells and county sewer access throughout the property.
    • Flexible commercial zoning allows for a variety of uses.
    • Seller may consider partial financing for qualified buyers.
    • Existing structures (main buildings, barn, apartment complex) provide a foundation for redevelopment.

    Overview

    This 14-acre commercial property, situated in the mountains of Western Maryland just outside city limits, presents a redevelopment opportunity. The property is located minutes from I-68, Downtown Cumberland, UPMC-Western Maryland, and Allegany College. Previously a zoo and community center with a pool, the site offers possibilities for commercial, recreational, or redevelopment uses. Existing structures, including the main buildings, a barn, and a small apartment complex, require full redevelopment, allowing for a customized project. The property features two working wells. One well serves three nearby homes, the apartment units, and a mobile home. The second well services various outbuildings and a bathroom on the lower portion of the property. County sewer is available throughout the property. One bathroom currently utilizes a septic tank but can be connected to the county sewer. The expansive acreage allows for a variety of commercial uses. The seller may consider partial financing for qualified buyers. A virtual tour, including aerial views of the property, is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evitts Creek Ponds ... Fishing Pond

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Hotel & Motel Department Store Travel Agency Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.71295
    Latitude
    39.64804

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    FAQs

    What type of property is this?
    Commercial land - 14-acre commercial property with redevelopment potential near Cumberland, Maryland.
    Where is this commercial land located?
    The property is located at 10105 COTTAGE INN Lane NE Cumberland, MD.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 14‑acre commercial property with significant redevelopment potential.; Prime location in scenic Western Maryland, minutes from I‑68, Downtown Cumberland, UPMC, and Allegany College.; Utilities: Two working wells and county sewer access throughout the property.
    (813) 323-0463
    We can help!
    Listing Contact
    Krystal Stewart
    Real Estate License ID: 679847
    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.

    More about this property
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    10105 COTTAGE INN Lane NE, CUMBERLAND, MD 21502
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