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    2744 Augustine Herman Hwy Chesapeake City, MD 21915

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    For Sale
    $875,000

    Site plan approved self-storage development opportunity in Chesapeake City, MD.

    Property size:
    59,950 SF

    Property Features for 2744 Augustine Herman Hwy

    General Information

    Size
    59,950 SF

    Source: Meredith M. Mears Agent Meredith M. Mears

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Self-Storage Development Opportunity

    This self-storage development project is located on Augustine Herman Highway, which experiences approximately 10,000 vehicles per day. The site is offered with an approved site plan for a facility with 50,300 net rentable square feet. The planned facility includes climate-controlled spaces and traditional drive-up units, modern security systems, convenient amenities, and on-site management. The location has zero competition within a 3-mile radius and 2.5 square feet per person within a 5-mile radius. The property is located near the local middle and high school. The Southfields of Elkton, a mixed-use project consisting of residential units including single family homes, apartments for both seniors as well as families and condos spread across 630 acres, is being developed nearby. This project will present retail, commercial, sports/recreational and light industrial uses. Chesapeake City is known for its history, waterfront views, and 19th-century architecture, offering local shops, restaurants, and outdoor activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Restaurant Realty agency Dental Office Wholesale Shop Auto Repair Shop Hair Salon Food Market Storage Facility Grocery Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake City
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8257512
    Latitude
    39.5121281

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    FAQs

    What type of property is this?
    Self storage facility - Site plan approved self-storage development opportunity in Chesapeake City, MD.
    Where is this self storage facility located?
    The property is located at 2744 Augustine Herman Hwy Chesapeake City, MD.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Site plan approved for a state-of-the-art self-storage facility with **50,300 Net RSF**.; - Located in an underserved self-storage market with zero competition in a 3-mile radius.; - High market rents and a low 2.5 SF/person storage ratio in the 5-mile radius (StorTrack).
    (443) 944-4464
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    2744 Augustine Herman Hwy Chesapeake City, MD 21915
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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
    2744 Augustine Herman Hwy Chesapeake City, MD 21915
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