Mixed-Use Property on National
1068 NATIONAL Hwy, Cumberland, MD 21502
For Sale
$525,000
Mixed-use property with commercial and residential spaces on high-traffic highway.
Property Size3,219 SF
Lot Size0.91 Acres
Price / SF$163.09
Days on Market242
Property Features for 1068 NATIONAL Hwy
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Listing Agency:
Charis Realty Group
Listed By:
Stephen MacGray · License #652984
(301) 707-8888
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 14 at 6:03AM
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 Charis Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property features 3,219 square feet of commercial and residential space. The property includes eight units, with a mix of commercial and residential spaces. It benefits from high traffic and visibility, with signage available on the National Highway. The location is surrounded by other businesses, including banks, retail stores, medical facilities, and service providers. Currently, the space is configured for outdoor sports, crafts, and dance, with three vacancies and three residential units. The property features handicap accessibility and paved parking.
Key Highlights
- High traffic and high visibility location on a National Highway.
- Combination of commercial and residential space (3,219 sq ft with 8 units).
- Located amongst booming businesses (Bank, Retail, Medical, Service).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,938
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,760
$738.8K
Cap Rate 7%
$527,686
$527.7K
Cap Rate 9%
$410,422
$410.4K
Market Conditions
NOI Build-Up for 3,219 SF
Gross rent
$69.5K $21.60/SF
− Vacancy
−$10.4K −$3.24/SF
EGI
$59.1K $18.36/SF
− OpEx
−$22.2K −$6.89/SF
NOI
$36.9K $11.48/SF
Area
Allegany County, MD
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,760
Cap Rate 7%
$527,686
Cap Rate 9%
$410,422
Alternative Uses
Best Use
Mixed Use
$527.7K
$461.7K – $615.6K
NOI $36,938 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,564 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential spaces on high-traffic highway.
Where is this mixed-use property located?
The property is located at 1068 NATIONAL Hwy Cumberland, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: High traffic and high visibility location on a National Highway.; Combination of commercial and residential space (3,219 sq ft with 8 units).; Located amongst booming businesses (Bank, Retail, Medical, Service).
