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    10351 Southern Maryland Blvd Dunkirk, MD 20754

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    For Sale
    $1,199,900

    Nine-unit commercial property with leasable basement space in Dunkirk, MD.

    Added:
    Jun 4, 2025
    Days on Market:
    333
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 10351 Southern Maryland Blvd

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    MARK A FRISCO JR.
    MARK A FRISCO JR.

    Listing agent MARK A FRISCO JR. License #633534

    Listing office CENTURY 21 COMMERCIAL NEW MILLENNIUM

    Listing date Jun 4, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 COMMERCIAL NEW MILLENNIUM

    Overview

    Dunkirk Commercial Property on Route 4

    Located on Route 4 in Dunkirk, this nine-unit commercial property offers 8,906 total square feet. The two-story building includes 6,405 finished square feet above grade and 2,501 square feet of leasable improved basement space. The property consists of two separate buildings connected by a glass canopy with an open-air entrance. The front building, Unit 100, offers 1,360 square feet and was recently renovated, previously used as office space. The back building has three stories with eight units. Each floor is approximately 2,500 square feet. The top floor features three 800-square-foot units, and the main floor also contains three 800-square-foot units; units on each floor can be leased individually or contiguously. The basement includes two 1,200-square-foot units that can also be contiguous. There are currently two active tenants: one occupying 1,200 square feet on the upper level (Units 201/202B) and one occupying an 800-square-foot unit on the main floor (Unit 103). Up until recently, the owner's businesses occupied units 100, 101, and 102. The basement units were also leased, but the tenant is in the process of moving out. Unit 100 offers 1,360 square feet of move-in ready space, and units 101/102 are set up as a contiguous space offering 1,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Comfort Keepers of Dunkirk, ... Home Health Care Service Gateway Healthcare Services, ... Medical Clinic Greatway Health Care Medical Clinic Hero Quartermasters (Bike/Boat/Book/etc) Store Simply Jill's Boutique ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Calvert
    State
    Maryland
    Longitude
    -76.6601
    Latitude
    38.7199

    FAQs

    What type of property is this?
    Investment property - Nine-unit commercial property with leasable basement space in Dunkirk, MD.
    Where is this investment property located?
    The property is located at 10351 Southern Maryland Blvd Dunkirk, MD.
    What is the asking price?
    The asking price for this property is $1,199,900.
    What are key features of this property?
    This property features: High potential cap rate of 13% fully occupied, based on existing lease rates of $23/sqft.; Prime location on Route 4 in the heart of Dunkirk.; Significant owner‑occupancy potential with **6,906 sqft immediately available.**
    (443) 532-8776
    We can help!
    Listing Contact
    MARK A FRISCO JR.
    MARK A FRISCO JR.
    Real Estate License ID: 633534
    Learn More
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    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
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    10351 Southern Maryland Blvd, DUNKIRK, MD 20754

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