Building Details

Year built 1900

Number of units 1

Building materials Block, Concrete, Glass

Listing Agency: Realty Plus Associates m***@realtyplusassociates.com Show Phone

Listed By: Christopher Matthew Kotula · License #5006349 Show Phone

Added: May 28 Changed: Jul 13 Last Checked: Aug 22 at 12:06PM

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MLS# MDCC2021802

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.

Investment Insights

Based on property information with market context.

This mixed-use property at 8 S Main Street offers a commercial storefront with an open layout and an upstairs one-bedroom apartment. The apartment is currently occupied by a long-term tenant under lease through August 2027.

The storefront is positioned at a highly visible intersection in Port Deposit, directly across from the Post Office and Lee’s Landing, where Main Street traffic comes to a stop.

The combination of street-level commercial space and a leased residential unit provides a straightforward live-and-operate or owner-investor structure at one address.

Key Highlights

• Mixed‑use property at 8 S Main Street, Port Deposit, MD 21904 with a commercial storefront and an upstairs 1‑bedroom apartment
• Upstairs apartment is occupied by a long‑term tenant under lease through August 2027 at $980/month
• Commercial storefront offers approximately 750 sq ft with an open layout

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$9,994

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.44%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$199,880 $199.9K

Cap Rate 7%

$142,771 $142.8K

Cap Rate 9%

$111,044 $111.0K

Market Conditions

NOI Build-Up for 750 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$15.2K $20.28/SF

− Vacancy

−$932 −$1.24/SF

EGI

$14.3K $19.04/SF

− OpEx

−$4.3K −$5.71/SF

NOI

$10.0K $13.33/SF

Area

Cecil County, MD

Vacancy

6.13%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$199,880

Cap Rate 7%

$142,771

Cap Rate 9%

$111,044

Alternative Uses

Best Use

Retail

$142.8K

$124.9K – $166.6K (±1% cap)

NOI $9,994 @ 7.0% cap · market cap 4.44%

Second Best

Mixed Use

$133.6K

$116.9K – $155.9K (±1% cap)

NOI $9,352 @ 7.0% cap · market cap 4.16%

Theoretical Best

Office A

$278.1K

$243.4K – $324.5K (±1% cap)

NOI $19,470 @ 7.0% cap · market cap 8.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Rose's Imaginations Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Catering Service Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21904, MD

6,689

Population

2,787

Households

2.4

Avg Household Size

43

Median Age

25%

College-Educated

91%

High-School Grad

23.6 sq mi

ZIP Area

283

Density / Sq Mi

$84,375

Median Household Income

$52,247

Median Earnings

$1,245

Median Rent

$318,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront retail space with an upstairs one-bedroom apartment occupied under an existing lease.

Where is this storefront property located?

The property is located at 8 S MAIN Street Port Deposit, MD.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Mixed‑use property at 8 S Main Street, Port Deposit, MD 21904 with a commercial storefront and an upstairs 1‑bedroom apartment; Upstairs apartment is occupied by a long‑term tenant under lease through August 2027 at $980/month; Commercial storefront offers approximately 750 sq ft with an open layout