Established Marine & Coral Aquaculture
107 School St, Mardela Springs, MD 21837
State-licensed aquaculture facility with 26 years of successful operations.
Type:Special Purpose
Property size:
3,500 SFPrice / SF:
$314/SF- Added:
- Jan 23, 2026
- Days on Market:
- 118
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 107 School St
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1985
Listing agent Jesse Vaquerano License #0225274663
Listing office Ikon Realty
Listing date Jan 23, 2026
Source Crexi
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 Ikon Realty
HighLights
- Established, state‑licensed marine & coral aquaculture facility: A 26‑year‑old turnkey business with a strong industry reputation.
- Strategic location off Ocean Gateway, offering high visibility and easy access.
- Turnkey operation: Includes all equipment, inventory, supplier relationships, and operational know‑how.
- Proven track record: 26 years of successful operations with a loyal customer base.
- Significant growth potential in wholesale, retail, tank sales/installation, and maintenance services.
- Fully equipped 3500 sq ft facility with tanks, raceways, lighting, filtration, and livestock inventory included.
Overview
This is a rare opportunity to acquire a state-licensed marine and coral aquaculture facility, established for 26 years. The 3500 sq ft facility specializes in the sustainable propagation of marine corals, with established wholesale and retail channels. The business and real estate package is located off Ocean Gateway, a high-traffic corridor that provides excellent visibility and access. The fully permitted aquaculture and mariculture operation in Maryland complies with all relevant state regulations for marine species propagation. The sale includes all equipment, tanks, raceways, lighting (LED, Metal Halide, T5, and natural), filtration, livestock inventory, supplier relationships, and operational know-how. Growth potential exists in wholesale expansion to pet stores, online vendors, and public aquariums across the Mid-Atlantic and DC region, as well as retail sales of corals, frags, inverts, and fish, plus tank sales and installation, and maintenance and service contracts for residential and commercial aquariums and reef setups. The location off Ocean Gateway provides easy access to major routes and growing population centers, with proximity to aquarium enthusiasts in Northern Virginia, Maryland, Pennsylvania, Delaware, and New Jersey. The aquaculture facility has a 26-year online presence.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$819.6K
NOI $73,767 @ 9.00% cap · cautious / downside scenario
Moderate
$1.05M
NOI $73,767 @ 7.00% cap · market / base-case scenario
Aggressive
$1.48M
NOI $73,767 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.9k | $33.96 |
| − Vacancy | −$13.5k | −$3.85 |
| EGI | $105.4k | $30.11 |
| − OpEx | −$31.6k | −$9.03 |
| NOI | $73.8k | $21.08 |
3,500 SF · lease $33.96/SF/yr · vacancy 11.34% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.05M
$922.1K – $1.23M
NOI $73,767 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,703 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Specialty properties
Location Insight
- Map
- Local Demand
- City
- Mardela Springs
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.7577214
- Latitude
- 38.4591113
FAQs
What type of property is this?
Specialty property - State-licensed aquaculture facility with 26 years of successful operations.
Where is this specialty property located?
The property is located at 107 School St Mardela Springs, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Established, state‑licensed marine & coral aquaculture facility: A 26‑year‑old turnkey business with a strong industry reputation.; Strategic location off Ocean Gateway, offering high visibility and easy access.; Turnkey operation: Includes all equipment, inventory, supplier relationships, and operational know‑how.
