Mixed-Use Property on National
For Sale
$525,000
1068 NATIONAL Hwy, Cumberland, MD 21502
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 Market152
Property Features for 1068 NATIONAL Hwy
General Information
Standard status
Active
Size
3,219 SF
Lot size
0.91 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,947
Building Details
Year Built
1962
Units
8
Listing Agency:
Charis Realty Group
(301) 707-8888
Listed By:
Stephen MacGray · License #652984
(301) 707-8888
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:10AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Retail
$466.3K
$408.0K – $544.0K
NOI $32,639 @ 7.0% cap · market cap 6.22%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Shops & Services 43%
Dining 9%
Southern States
Home Improvements & Furnishings
4,464 visits/mo
0.2 miles
U-Haul
Shops & Services
4,124 visits/mo
0.1 miles
Fox's Pizza Den
Dining
898 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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).
