Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    111 N MAIN Street Port Deposit, MD 21904

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - PORT DEPOSIT, MD

    Lot size:
    0.14 Acres
    Added:
    Jan 19, 2023
    Days on Market:
    1204
    Last Refresh:
    May 7 at 1:06 pm

    Property Features for 111 N MAIN Street

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    781

    We can help!

    Listing Contact
    Karen L Stefanides
    Karen L Stefanides

    Listing agent Karen L Stefanides License #612185

    Listing office Cummings & Co Realtors 111 FULFORD Avenue unit: B, Baltimore, MD

    Listing date Jan 19, 2023

    MLS# MDCC2007798 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

    • Cleared, flat lot ready for building in Historic Downtown Port Deposit.
    • Water access and proximity to major highway.
    • Property extends to the water's edge.
    • Public water and sewer capped at the street.
    • Suitable for home build or boat storage garage.
    • Located on Main Street.

    Overview

    Cleared Lot in Historic Downtown

    This cleared, flat lot is situated on Main Street in historic downtown Port Deposit. The property is suitable for building a home or constructing a boat storage garage. It offers proximity to water access and convenient access to a major highway. The lot extends to the water's edge beyond the railroad track. A right of way exists for duplex parking next door. There is a garage on the right of way that belongs to someone other than the seller. Public water and public sewer are capped at the street. The lot size is 0.1389 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Hotel & Motel Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Deposit
    County
    Cecil
    State
    Maryland
    Longitude
    -76.11942
    Latitude
    39.60809

    Nearby Similar for Sale

    • $650,000

      33 Acres of Farmland

      Two parcels totaling 33.02 acres with tillable land.
      BELVIDERE Road, PORT DEPOSIT, MD 21904
      View Details
    • $700,000

      Historic Restaurant and Bar Opportunity

      Historic Port Deposit bar and restaurant ready for revival.
      1282 Susquehanna River Rd, PORT DEPOSIT, MD 21904
      View Details
    • $700,000
      1,349 SF

      Nine Acre Farmette with Rancher

      Nine acre farmette with brick rancher, machine shed, fenced.
      1746 Hopewell Rd, PORT DEPOSIT, MD 21904
      View Details
    • $275,000

      Income-Generating Triplex in Port Deposit

      Tenant-occupied three-unit building with separate lot in downtown.
      32 N MAIN St, Port Deposit, MD 21904
      View Details
    • $60,000

      Port Deposit Land Parcel

      Land parcel in Port Deposit, Maryland with paid utilities.
      21 HIGH, PORT DEPOSIT, MD 21904
      View Details

    FAQs

    What type of property is this?
    Commercial land - Flat lot ready for building or boat storage.
    Where is this commercial land located?
    The property is located at 111 N MAIN Street Port Deposit, MD.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Cleared, flat lot ready for building in Historic Downtown Port Deposit.; Water access and proximity to major highway.; Property extends to the water's edge.
    (410) 804-8249
    We can help!
    Listing Contact
    Karen L Stefanides
    Karen L Stefanides
    Real Estate License ID: 612185
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 N MAIN Street, PORT DEPOSIT, MD 21904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!