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

    2461 Fairmount Rd Hampstead, MD 21074

    View on Map
    Sponsored
    For Sale
    $119,000

    LAND - HAMPSTEAD, MD

    Lot size:
    1.08 Acres
    Days on Market:
    30
    Last Refresh:
    Mar 7 at 8:06 am

    Property Features for 2461 Fairmount Rd

    General Information

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

    We can help!

    Listing Contact
    Stanley E Groves
    Stanley E Groves

    RE/MAX Advantage Realty (410) 740-1200

    Listing agent Stanley E Groves (410) 751-7777 License #528689

    Listing date Feb 6, 2026

    MLS# MDCR2024884

    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

    Property Insight Report

    Overview

    Ready-to-Build Lot in Hampstead, MD

    This 1.08-acre lot is ready for construction in a private, wooded setting. A construction driveway is already installed, providing easy access to the future home site. The property includes a well producing over 4 gallons per minute and a conventional septic system designed for a four-bedroom home. Located approximately 20 minutes from the I-83 / Hunt Valley Area, the lot offers convenient access to shopping in Westminster, Hampstead, Hanover, and Cockeysville. The property is within the Manchester Valley High School, North Carroll Middle School, and Manchester Elementary School districts and has no homeowner's association fees or restrictions. The buyer has the freedom to choose their own builder, with reputable builder referrals available. There are no agricultural transfer taxes. Owner financing options may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Department Store Electrical Service Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampstead
    County
    Carroll
    State
    Maryland
    Longitude
    -76.83298359
    Latitude
    39.64050598

    Nearby Similar for Sale

    • $365,000
      1,800 SF

      Hampstead Office Building For Sale

      Turnkey professional office space in revitalized Hampstead, Maryland.
      1355 N Main St, Hampstead, MD 21074
      View Details
    • Contact for pricing
      3,560 SF

      Retail Building on Acre Parcel

      3,560 SF retail building on 1.041 acre parcel.
      761 Hanover Pike, Hampstead, MD 21074
      View Details
    • $795,000
      13,800 SF

      Hampstead Office Building For Sale

      Office building with 13,800 square feet of space available.
      4500 Black Rock Rd, Hampstead, MD 21074
      View Details
    • $349,997

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
      4148 Sellman Dr, Hampstead, MD 21074
      View Details
    • $699,900

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
      1230 Allview Dr, Hampstead, MD 21074
      View Details
    • $450,000

      Specialty Property for Sale

      Specialty property available for purchase.
      4010 Greenmount Church Rd, Hampstead, MD 21074
      View Details
    • $420,000

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
      758 N Houcksville Rd, Hampstead, MD 21074
      View Details
    • $985,000

      Hampstead Specialty Property For Sale

      Specialty property available in Hampstead, Maryland.
      396 S Houcksville Rd, Hampstead, MD 21074
      View Details
    • $600,000

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
      1208 Wynside Ln, Hampstead, MD 21074
      View Details
    • $750,000

      Hampstead Specialty Property For Sale

      Specialty property available in Hampstead, Maryland.
      4150 Sommerfield Dr, Hampstead, MD 21074
      View Details
    • $299,900

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
      1368 Lare St, Hampstead, MD 21074
      View Details
    • $129,900

      New Mobile Home in Hampstead

      New construction mobile home with modern amenities in Hampstead, MD.
      2439 Fairmount Rd, Hampstead, MD 21074
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private, wooded 1.08-acre lot with well and septic system.
    Where is this residential land & home lot located?
    The property is located at 2461 Fairmount Rd Hampstead, MD.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Ready-to-build lot with installed construction driveway for easy access; - Conventional 4-bedroom septic system already in place; - Strong well with 4+ gallons per minute (gpm)
    (410) 751-7777
    Request Owner's contact information
    2461 Fairmount Rd Hampstead, MD 21074
    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.
    2461 Fairmount Rd
    Hampstead, MD 21074
    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
    2461 Fairmount Rd Hampstead, MD 21074
    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
    Stanley E Groves
    Stanley E Groves
    Real Estate License ID: 528689
    (410) 751-7777 (410) 871-2600 (888) 860-7369
    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!