Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11104 Ruths Ln Lusby, MD 20657

    View on Map
    Sponsored
    For Sale
    Under Contract
    $115,000

    LAND - LUSBY, MD

    Lot size:
    1.00 Acre
    Days on Market:
    13
    Last Refresh:
    Mar 23 at 9:06 am

    Property Features for 11104 Ruths Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Carolyn A Kalmus-Choporis

    Century 21 New Millennium

    Listing agent Carolyn A Kalmus-Choporis License #97024

    Listing date Mar 11, 2026

    MLS# MDCA182530 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.

    Learn more

    Overview

    Lusby Land For Sale

    This is an approved building lot situated in close proximity to parks, ballfields, and soccer fields. The property is conveniently located near restaurants and shopping. The lot is level and cleared. Recorded percs are available. Owner financing is available with approved terms. An additional lot next to this one is also for sale. The purchaser should review the road maintenance agreement and access easement agreement, which still needs to be installed. The lot size is 1 acre.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lusby
    County
    Calvert
    State
    Maryland
    Longitude
    -76.4193066
    Latitude
    38.3841459

    Nearby Similar for Sale

    • $100,000
      0.62 Acres

      Waterfront Retreat on Tonkawa Trail

      Rare 1-acre waterfront lot with panoramic views and coastal charm.
      12759 Tonkawa Trl, Lusby, MD 20657
      View Details
    • $1,500,000

      Commercial Property in High-Traffic Area

      Established commercial property with income potential in Solomons, Maryland.
      12860 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • $375,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      634 Silver Rock Rd, Lusby, MD 20657
      View Details
    • $329,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      542 Chisholm Trl, Lusby, MD 20657
      View Details
    • $619,900

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      219 Calvert Dr, Lusby, MD 20657
      View Details
    • $314,900

      Lusby Land for Sale

      Land available in Lusby, Maryland.
      11722 Big Bear Ln, Lusby, MD 20657
      View Details
    • $355,000
      Pending

      Bonanza Trail Specialty Property

      Specialty property available for sale on Bonanza Trail.
      12200 Bonanza Trl, Lusby, MD 20657
      View Details
    • $300,000

      Specialty Property for Sale

      Specialty property available for sale.
      428 Buffalo Rd, Lusby, MD 20657
      View Details
    • $1,200,200
      7,000 SF

      Lusby Retail Center - Prime Location

      High-return retail investment, AAA tenant.
      11550 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • $358,800
      3.98 Acres

      Lusby Industrial Land - Opportunity Zone

      Prime 3-acre lot, shovel-ready, Patuxent Business Park
      11205 Homeport Ct, Lusby, MD 20657
      View Details
    • $375,600
      4.26 Acres

      Lusby Industrial Land Opportunity

      4.26 Acres, Shovel-Ready, Opportunity Zone
      11175 Homeport Ct, Lusby, MD 20657
      View Details
    • $412,300
      4.34 Acres

      Lusby Industrial Property - Opportunity Zone

      Prime Calvert County Business Location
      25 Anchorage Ln, Lusby, MD 20657
      View Details

    FAQs

    What type of property is this?
    Land - Approved building lot near parks, restaurants, and shopping.
    Where is this land located?
    The property is located at 11104 Ruths Ln Lusby, MD.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Approved building lot ready for construction.; - Convenient location near parks, ballfields, soccer fields, restaurants, and shopping.; - Level and cleared lot, simplifying the building process.
    (301) 904-6242
    Request Owner's contact information
    11104 Ruths Ln Lusby, MD 20657
    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.
    11104 Ruths Ln
    Lusby, MD 20657
    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
    11104 Ruths Ln Lusby, MD 20657
    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

    We can help!
    Listing Contact
    Carolyn A Kalmus-Choporis
    Real Estate License ID: 97024
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!