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    400 Bi-State Blvd Delmar, MD

    For Sale
    $1,200,000

    Gas station with carwash, laundromat, and deli; passive income.

    Property size:
    3,996 SF
    Lot size:
    1.26 Acres

    Property Features for 400 Bi-State Blvd

    General Information

    Size
    3,996 SF
    Lot size
    1.26 Acres

    Source: SVN - Miller | Salisbury Agent Allison Conick

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

    Overview

    Profitable Gas Station For Sale

    This property includes both the business and real estate. The property grosses between $40,000 and $60,000 per month, with seasonal variations. Fuel sales account for $20,000 to $30,000 of the monthly gross. A Phase 2 assessment was completed less than two years ago. The property features fiberglass tanks installed in 1996, which are tested yearly. New pumps, new lines, and new diesel have been added. There is no fuel contract currently in place, allowing the new owner to choose their preferred provider. The deli is currently leased at $1,500 per month on a year-to-year basis. The carwash and laundromat are leased at $1,854 per month for a 5-year term. These leases can be terminated upon sale or remain in place. An interested party is considering leasing the market for $3,500. The property could be owner-operated or purchased for passive income with a tenant in place. The property size is 3,996 square feet.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Delmar
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5774249
    Latitude
    38.4559495

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    FAQs

    What type of property is this?
    Gas station - Gas station with carwash, laundromat, and deli; passive income.
    Where is this gas station located?
    The property is located at 400 Bi-State Blvd Delmar, MD.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High Gross Monthly Income: Property grosses **$40,000 - $60,000 per month** with seasonal variation.; - Business and Real Estate Included: Sale encompasses both the business operations and the physical property.; - Flexible Lease Options: Existing leases for the deli, carwash, and laundromat can either be terminated upon sale or remain in place.
    (443) 365-2240
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    400 Bi-State Blvd Delmar, MD
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    Delmar, MD
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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
    400 Bi-State Blvd Delmar, MD
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