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

    2938 OCEAN Gateway Cambridge, MD 21613

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    CommercialLease - CAMBRIDGE, MD

    Type:Office
    Lot size:
    2.19 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    96
    Last Refresh:
    Apr 29 at 7:06 am

    Property Features for 2938 OCEAN Gateway

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    12
    Standard status
    Active
    Lot size
    2.19 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1989
    Number of units
    5

    We can help!

    Listing Contact
    Henry Gibbons-Neff Jr.

    Listing agent Henry Gibbons-Neff Jr.

    Listing office Meredith Fine Properties 127 S N Washington Street, Easton, MD

    Listing date Jan 23, 2026

    MLS# MDDO2011418

    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.

    Overview

    Cambridge Office Space For Lease

    Office space is available for lease in Cambridge, Maryland. The property includes parking. The lease is a triple net lease, amounting to approximately $2,000 per month. The lot size is 2.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trinity Funeral and Cremation ... Cremation Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.03531
    Latitude
    38.55233

    Nearby Similar for Lease

    • $16 SF/Yr

      Retail Space in Cambridge, MD

      Prime retail space in grocery-anchored shopping center on U.S. Route 50.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $14 SF/Yr

      Spacious Office with Flexible Layout

      Large office space with customizable layout and tenant improvement allowance.
      828A AIRPAX Road, CAMBRIDGE, MD 21613
      View Details
    • $2,000/Mo

      Office Space and Parking Available

      Office space for lease with parking; triple net lease.
      2938 OCEAN Gtwy, Cambridge, MD 21613
      View Details
    • $16 SF/Yr

      Cambridge MD Office Space Available

      Spacious offices with amenities included in Cambridge, Maryland.
      828 Airpax Rd, Cambridge, MD 21613
      View Details
    • $14 SF/Yr

      Prime End-Cap Retail Opportunity

      Grocery-anchored retail space with high visibility on U.S. Route 50.
      630 SUNBURST HIGHWAY 1, CAMBRIDGE, MD 21613
      View Details
    • $10 SF/Yr

      Retail Space in Cambridge, MD

      5,217 SF retail space in grocery-anchored shopping center.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $10 SF/Yr

      Prime Shopping Center on Route 50

      Renovated shopping center on Route 50 with high visibility.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $5 SF/Yr

      Cambridge Warehouse Space For Lease

      Prime warehouse space available in Cambridge industrial area.
      807 Woods Rd, Cambridge, MD 21613
      View Details
    • Contact for pricing

      Retail Space on Sunburst Highway

      Retail/restaurant space with high visibility on Maryland's Eastern Shore.
      309 Sunburst Highway, Cambridge, MD 21613
      View Details
    • $9,300,000 SF/Yr

      Cambridge Industrial Investment Opportunity

      70,000 sq. ft. industrial property for lease.
      810 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • $10 SF/Yr

      Retail Space on Major Highway

      Highly visible retail space with recent renovations and high traffic.
      602 Sunburst Hwy, Cambridge, MD
      View Details
    • $675/Mo

      Retail Space on Sunburst Highway

      Retail space with high visibility and recent renovations.
      604-630 Sunburst Hwy, Cambridge, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Office space and parking available for lease in Cambridge, MD.
    Where is this office units located?
    The property is located at 2938 OCEAN Gateway Cambridge, MD.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Office space available for lease.; Parking included for your convenience.; Triple Net Lease terms apply.
    (410) 829-0698
    We can help!
    Listing Contact
    Henry Gibbons-Neff Jr.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!