Sign Up Successful!
You now have access to more from Realmo!
    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

    Muskrattown Rd, Unit 1 Bishopville, MD 21813

    Sponsored
    For Sale
    $6,300,000

    LAND - BISHOPVILLE, MD

    Lot size:
    47.11 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 4 at 2:06 pm

    Property Features for Muskrattown Rd

    General Information

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

    We can help!

    Listing Contact
    Rebecca Ward

    Coldwell Banker Premier (800) 296-2624

    Listing agent Rebecca Ward (410) 713-1986 License #613031

    Listing date Jan 5, 2026

    MLS# MDWO2029276 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land Overlooking Grey's Creek

    This 47.11-acre waterfront land offers views of the Ocean City skyline, situated along Grey's Creek. The property is positioned between established high-end subdivisions, presenting an opportunity for development or investment. Most of the property is cleared and divided by a quiet country road. The waterfront section features large trees protected by a conservation easement and subject to critical area restrictions. The land is currently raw with no site plan in place. This parcel provides potential for a private estate, a recreational retreat, or a future community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bishopville
    County
    Worcester
    State
    Maryland
    Longitude
    -75.12920329
    Latitude
    38.44275314

    Nearby Similar for Sale

    • $79,900

      Campsite with 1992 Coach Trailer

      Campsite with trailer near Ocean City, Maryland.
      12342 Saint Martins Rd, Bishopville, MD 21813
      View Details
    • $474,900

      Charming Farmette with Historic Charm

      Five-acre farmette with a barn, circa 1890, near beaches.
      10817 Bishopville Rd, Bishopville, MD 21813
      View Details
    • $749,000

      Piney Island Drive Property

      Property on Piney Island Drive, Bishopville, MD 21813.
      10651 Piney Island Dr, Bishopville, MD 21813
      View Details
    • $799,000

      Bishopville Specialty Property For Sale

      Specialty property available for purchase in Bishopville, Maryland.
      12360 Point View Rd, Bishopville, MD 21813
      View Details
    • $249,900

      Shell Mill Road Property

      Shell Mill Road property available for sale.
      12623 Shell Mill Rd, Bishopville, MD 21813
      View Details

    FAQs

    What type of property is this?
    Land - 47.11 acres of waterfront land with Ocean City views.
    Where is this land located?
    The property is located at Muskrattown Rd, Unit 1 Bishopville, MD.
    What is the asking price?
    The asking price for this property is $6,300,000.
    What are key features of this property?
    This property features: - 47.11 acres of waterfront land on Grey's Creek with OCEAN CITY SKYLINE VIEWS.; - Direct water access.; - Exceptional opportunity for development or investment, positioned between established high-end subdivisions.
    (410) 546-3211
    Request Owner's contact information
    Muskrattown Rd, Unit 1 Bishopville, MD 21813
    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.
    Muskrattown Rd, Unit 1
    Bishopville, MD 21813
    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
    Muskrattown Rd, Unit 1 Bishopville, MD 21813
    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
    Rebecca Ward
    Real Estate License ID: 613031
    (410) 546-3211
    Learn more
    Google sign-in failed. Please try again or use another login method.