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    Ringley Dr Boonsboro, MD 21713

    Sponsored
    For Sale
    Contact for pricing

    High-traffic corner lot, ground lease available.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.26-acre commercial lot in Boonsboro, MD, presents a unique investment opportunity. Situated on a corner, this property benefits from high visibility and accessibility. The lot is zoned for commercial use and is ideally positioned to capitalize on the anticipated increase in traffic flow resulting from the approved extension of Chase Six Boulevard. This extension will connect Route 66 to an alternate Route 40, creating a highly desirable bypass and significantly increasing traffic volume at the intersection directly in front of the property. This is one of three available lots, offering a rare chance to establish a presence in a rapidly developing area. The ground lease for this specific lot (Lot 5) is offered at a yearly rate of $79,200, translating to a monthly rate of $6,600, or approximately $1.44 per square foot. The property's strategic location and the impending infrastructure improvements make it an attractive proposition for businesses seeking high visibility and convenient access to major transportation routes. Serious inquiries are encouraged to explore this promising investment opportunity further. Please inquire about the availability of Lots 3 and 4 as well.

    Property Features for Ringley Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    54,886 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Boonsboro
    County
    Washington
    State
    Maryland
    Longitude
    -77.65754
    Latitude
    39.52072

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, ground lease available.
    Where is this commercial real estate located?
    The property is located at Ringley Dr Boonsboro, MD.
    (301) 228-2988
    Request Owner's contact information
    Ringley Dr Boonsboro, MD 21713
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    Realmo Value Estimation

    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.

    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.

    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
    Ringley Dr Boonsboro, MD 21713
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