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

    863 MORGAN STATION Road Woodbine, MD 21797

    View on Map
    For Sale
    $450,000

    LAND - WOODBINE, MD

    Lot size:
    1.15 Acres
    Added:
    Dec 9, 2025
    Days on Market:
    113
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 863 MORGAN STATION Road

    General Information

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

    Taxes and HOA fees

    TaxAnnualAmount
    2204

    We can help!

    Listing Contact
    Ricky Cantore III

    Listing agent Ricky Cantore III License #676693

    Listing office RE/MAX Advantage Realty 8820 Columbia 100 Parkway unit: 420, Columbia, MD

    Listing date Dec 9, 2025

    MLS# MDHW2062328

    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

    Spacious Homesite in Woodbine, MD

    Located at 863 Morgan Station Rd in Woodbine, MD, this 1.118-acre homesite is the future location of a Catonsville Homes property. Construction is scheduled to begin in January, with an anticipated completion in the summer of 2026. The Ryleigh floorplan will be meticulously constructed, featuring a full porch with a metal seam roof, a stone-to-grade front, and premium vinyl siding. A practical 3-car garage will also be included. The home will have an open layout with 10' ceilings on the first floor and Anderson 400 Series black windows. The gourmet kitchen will include a large island, upgraded countertops, and a walk-in pantry. The design incorporates a bright morning room and an expansive family room with a gas fireplace and shiplap surround. The main level will feature a full bath and a separate powder room, along with a mudroom equipped with built-in cubbies and a drop zone. The second level will house 4 bedrooms and 4 baths, including a primary bedroom suite with a spa-like bath, and a walk-in laundry room. This property is intended to be a complete home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Department Store Accounting Firm Bar & Pub Veterinary Clinic Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbine
    County
    Howard
    State
    Maryland
    Longitude
    -77.04874
    Latitude
    39.34576

    Nearby Similar for Sale

    • $450,000

      Land in Coveted Western Howard

      3.36 acre buildable lot in Western Howard County.
      2686 JENNINGS CHAPEL RD, WOODBINE, MD 21797
      View Details
    • $329,000

      Buildable Lot in Howard County

      1+ acre lot in Woodbine, MD, ready for your dream home.
      15740 UNION CHAPEL Road, WOODBINE, MD 21797
      View Details
    • $450,000

      Woodbine Land Parcel For Sale

      1.15 acre lot to build your dream home.
      869 MORGAN STATION Road, WOODBINE, MD 21797
      View Details
    • $295,000

      Commercial Corner Lot on Acres

      Commercial corner lot on 1.25 acres, great for business.
      15948 UNION CHAPEL ROAD, WOODBINE, MD 21797
      View Details
    • $3,900,000

      Historic Estate with Equestrian Facilities

      Grand 180-acre estate with historic home and equestrian amenities.
      16449 ED WARFIELD RD, WOODBINE, MD 21797
      View Details
    • $2,395,000
      25,000 SF

      Industrial Property for Sale

      25,000 sqft industrial property available for purchase.
      7774 Woodbine Rd, Woodbine, MD 21797
      View Details
    • $1,999,000

      104 Acres Prime Land Opportunity

      104 acres of land with agricultural and residential potential.
      3185 FLORENCE ROAD, WOODBINE, MD 21797
      View Details
    • $1,049,000

      Equestrian Farmette with Custom Home

      Horse-ready farmette with custom home, barn, and arena.
      3340 Florence Road, 61342, MD 21797
      View Details
    • $1,999,000

      104 Acres of Prime Land

      Prime land with tillable acreage, building, stream, and tenant house potential.
      3185 FLORENCE RD, WOODBINE, MD 21797
      View Details
    • $3,900,000
      16,270 SF

      Historic Estate with Modern Amenities

      Tranquil 180-acre estate with historic main house and modern hall.
      16449 Ed Warfield Rd, WOODBINE, MD 21797
      View Details
    • $295,000

      Commercial Land on Corner Lot

      1.25 acre corner lot with existing well and septic.
      15948 UNION CHAPEL Road, WOODBINE, MD 21797
      View Details
    • $249,900

      Land Parcels in Woodbine, Maryland

      Two 3-acre land parcels for sale with approved perc.
      6100 Davis Rd, Woodbine, MD
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.118-acre homesite with planned construction and premium features.
    Where is this residential land & home lot located?
    The property is located at 863 MORGAN STATION Road Woodbine, MD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.118‑acre homesite with a complete, ready‑to‑move‑in home (pricing includes the complete home).; Gourmet kitchen with a large island, upgraded countertops, and a walk‑in pantry.; **4 bedrooms and 4 baths on the second level, including a luxurious primary suite with a spa‑like bath.**
    (443) 878-3507
    We can help!
    Listing Contact
    Ricky Cantore III
    Real Estate License ID: 676693
    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!