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Property profile & analytics
OFF-MARKET
Multifamily properties

Sandy Spri Sandy Spring Ln Thurmont, MD 21788

3.75 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.75-acre parcel, identified as Parcel 2068, presents a remarkable opportunity for multi-family development in the desirable Thurmont, MD area. Zoned R-2, this raw land allows for the construction of single-family dwellings on 8,000 square foot lots, each requiring a 70-foot width with 10-foot side setbacks and 30-foot rear setbacks. Building height is capped at 30 feet. The property's zoning offers significant potential, with the possibility of special exceptions for uses such as daycare centers or nursing homes, expanding the development options considerably. This presents a unique chance to create a thriving residential community or explore alternative uses within the permitted zoning allowances. The property's size and zoning flexibility make it an attractive investment for developers seeking a prime location in a growing area. The seller is open to negotiating terms, making this an even more compelling opportunity for serious buyers. Detailed zoning regulations and development guidelines are readily available upon request. This is a rare chance to acquire a substantial parcel of land with significant development potential in a highly sought-after location. Act quickly to secure this exceptional investment.

Property profile
Verified
Property type Multifamily properties
Lot 3.75 ac (163,350 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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