Mixed-Use Property with Two
New
For Sale
$3,950,000
114 SAINT CLAIRE PLACE, Stevensville, MD 21666
Custom-built commercial property with retail and office suites, established tenancy, and space for parking.
Property Size17,800 SF
Lot Size1.62 Acres
Days on Market4
Property Features for 114 SAINT CLAIRE PLACE
General Information
Standard status
Active
Size
17,800 SF
Lot size
1.62 Acres
Property subtype
Five Or More Units
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$15,213
Building Details
Building Size
17,800 SF
Year Built
2007
Buildings
2
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Linda L Austin · License #515805
(410) 829-3136
Source:
Barnesrealestatecompany
Added: Sep 5
Changed: Sep 7
Last Checked: Sep 7 at 2:43PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 114 Saint Claire Place in Stevensville, Maryland, this mixed-use property comprises two custom-built commercial buildings completed in 2007. The improvements contain 12 occupied units configured for retail and office use, with detailed suite buildouts throughout the property.
The buildings are situated on 1.62 acres with space available for parking. Several occupants have maintained longer-term tenancies, and lease extensions are currently in place. The property combines multiple commercial suites within a single site and offers an established tenant profile across retail and office uses.
The buildings are situated on 1.62 acres with space available for parking. Several occupants have maintained longer-term tenancies, and lease extensions are currently in place. The property combines multiple commercial suites within a single site and offers an established tenant profile across retail and office uses.
Key Highlights
- Two‑building mixed‑use property at 114 Saint Claire Place, Stevensville, MD 21666
- 12 occupied units serving retail and office tenants
- Situated on 1.62 acres
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
$251,938
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
6.38%
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%
$5,038,760
$5.0M
Cap Rate 7%
$3,599,114
$3.6M
Cap Rate 9%
$2,799,311
$2.8M
Market Conditions
NOI Build-Up for 17,800 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
$384.5K $21.60/SF
− Vacancy
−$24.6K −$1.38/SF
EGI
$359.9K $20.22/SF
− OpEx
−$108.0K −$6.07/SF
NOI
$251.9K $14.15/SF
Area
Queen Anne's County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$5,038,760
Cap Rate 7%
$3,599,114
Cap Rate 9%
$2,799,311
Alternative Uses
Best Use
Retail
$3.60M
$3.15M – $4.20M
NOI $251,938 @ 7.0% cap · market cap 6.38%
Second Best
Mixed Use
$3.09M
$2.70M – $3.60M
NOI $216,270 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$4.26M
$3.73M – $4.98M
NOI $298,507 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 21666, MD
12,848
Population
5,781
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
587
Density / Sq Mi
$130,426
Median Household Income
$63,926
Median Earnings
$1,755
Median Rent
$478,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Custom-built commercial property with retail and office suites, established tenancy, and space for parking.
Where is this mixed-use property located?
The property is located at 114 SAINT CLAIRE PLACE Stevensville, MD.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two‑building mixed‑use property at 114 Saint Claire Place, Stevensville, MD 21666; 12 occupied units serving retail and office tenants; Situated on 1.62 acres
