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

    BAY Drive Mechanicsville, MD 20659

    View on Map
    Claim this Listing
    For Sale
    $85,000

    LAND - MECHANICSVILLE, MD

    Lot size:
    0.56 Acres
    Added:
    May 31, 2025
    Days on Market:
    333
    Last Refresh:
    Apr 28 at 1:06 pm

    Property Features for BAY Drive

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    790

    We can help!

    Listing Contact
    Michael Herndon

    Listing agent Michael Herndon License #525555

    Listing office Engel & Volkers Annapolis 138 West Street, ANNAPOLIS, MD

    Listing date May 31, 2025

    MLS# MDSM2025208 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.

    Overview

    Waterfront Lot in Golden Beach

    This 0.56-acre waterfront lot is located in the sought-after Golden Beach community. The community provides access to a beach, boat ramp, pier, and community center. It also offers access to the Patuxent River. The property is located in MECHANICSVILLE, MD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Mechanicsville
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.68627
    Latitude
    38.4895015

    Nearby Similar for Sale

    • $135,000

      Mechanicsville Land with Approved Perc

      Two lots totaling 1.46 acres with approved perc sites.
      28723 THREE NOTCH, MECHANICSVILLE, MD 20659
      View Details
    • $200,000

      Commercial Land on Route 235

      2.56 acre corner lot with high visibility on Route 235.
      26350 THREE NOTCH ROAD, MECHANICSVILLE, MD 20659
      View Details
    • $135,000

      Mechanicsville Wooded Lot Ready to Build

      3.42 acres, perced, wooded lot ready for single-family home.
      41180 LIVING WATER Lane, MECHANICSVILLE, MD 20659
      View Details
    • $79,500

      Waterfront Land in Mechanicsville, MD

      0.63-acre waterfront parcel in St. Marys Beach community.
      42209 RIDGE Road, MECHANICSVILLE, MD 20659
      View Details
    • $20,000

      Mechanicsville Land in Golden Beach

      Oversized lot in water privileged Golden Beach community.
      SCOTT Circle, MECHANICSVILLE, MD 20659
      View Details
    • $79,900

      Land in Mechanicsville, MD

      One-acre land parcel in Mechanicsville, Maryland, for sale.
      28948 AUTUMNWOOD Drive, MECHANICSVILLE, MD 20659
      View Details
    • $540,000
      2,000 SF

      Mechanicsville Multifamily Property For Sale

      Multifamily property in Mechanicsville, MD, featuring 11.58-acre lot.
      WICOMICO SHORES, MECHANICSVILLE, MD 20659
      View Details
    • $85,000

      Waterfront Lot in Golden Beach

      Waterfront land with community amenities and river access.
      Bay Dr, Mechanicsville, MD 20659
      View Details
    • $540,000

      Mechanicsville Land Investment Opportunity

      Large lot portfolio near waterfront and golf course.
      WICOMICO SHORES LOTS, MECHANICSVILLE, MD 20659
      View Details
    • $89,900

      Waterfront Land in St. Marys

      0.63-acre waterfront parcel in St. Marys Beach community.
      42209 RIDGE Rd, Mechanicsville, MD 20659
      View Details
    • $350,000

      Mechanicsville Land For Sale

      TMX-zoned land with high visibility and development potential.
      28200 Three Notch Rd, Mechanicsville, MD 20659
      View Details
    • $131,000

      Land Parcel Near Shopping

      Over 5 acres of land near shopping and amenities.
      27425 Adams Lane, Mechanicsville, MD 20659
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with community amenities and river access.
    Where is this waterfront land located?
    The property is located at BAY Drive Mechanicsville, MD.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Waterfront lot with access to the Patuxent River.; Located in the Golden Beach community.; Enjoy the convenience of a community boat ramp.
    (443) 871-8515
    We can help!
    Listing Contact
    Michael Herndon
    Real Estate License ID: 525555
    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!