Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 North East Rd North East, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8.55 acres of commercial land for lease.

    Type:LAND
    Lot size:
    2.29 Acres
    Added:
    Oct 30, 2023
    Days on Market:
    914
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 0 North East Rd

    General Information

    Standard status
    Active
    Lot size
    2.29 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 0 North East Rd Contact us

    We can help!

    Listing Contact
    Cooper A. Henry

    Listing agent Cooper A. Henry

    Listing office KLNB - Baltimore

    Listing date Oct 30, 2023

    Source Moodyscre

    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 KLNB - Baltimore

    Overview

    8.55 Acres Commercial Land Available

    Approximately 8.55 acres of land are available for lease, offering excellent access and visibility from Route 272. The property is regionally located near I-95 and Route 40, providing convenient transportation links. The site benefits from signalized ingress and egress. Zoned BG [Business General], the land is ideally suited for various commercial uses such as convenience stores, automotive services, fast food restaurants, grocery stores, or car washes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North East
    County
    Cecil
    State
    Maryland
    Longitude
    -75.9413
    Latitude
    39.6001

    Nearby Similar for Lease

    • $1,800/Mo

      North East Office/Retail Suite

      Office/retail suite in North East, MD, with flexible layout.
      712 S Main St, North East, MD 21901
      View Details
    • $13 SF/Yr

      Freestanding Retail Building on Pulaski

      4,800 SF retail building with parking and highway access.
      Listing #40 - 24 Flint Dr, North East, MD, North East, MD 21901
      View Details
    • Contact for pricing

      Freestanding ATM Kiosk For Lease

      Freestanding ATM kiosk available for lease in North East, MD.
      714 South Main Street, North East, MD 21901
      View Details
    • $1,062/Mo

      Retail Space in North East

      Suites available for tenant fit-out in existing strip center.
      14 Rogers Rd, North East, MD
      View Details
    • Contact for pricing

      Industrial Property in North East, MD

      Industrial property available for lease in North East, Maryland.
      1 Principio Pky, North East, MD 21901
      View Details
    • Contact for pricing

      Commercial Land For Rent

      2.67 acres with convenient access and excellent visibility.
      0 Sycamore Dr, North East, MD
      View Details
    • Contact for pricing

      Retail Space in North East

      Retail space available in a busy shopping center.
      175 NE East Rd, North East, MD
      View Details
    • $2 SF/Yr

      Land For Rent

      Land available for rent at 30 Lums Rd, North East, MD.
      30 Lums Rd, North East, MD
      View Details

    FAQs

    What type of property is this?
    Land - 8.55 acres of commercial land for lease.
    Where is this land located?
    The property is located at 0 North East Rd North East, MD.
    What are key features of this property?
    This property features: Excellent access and visibility off Rt 272; Regionally located near I‑95 & Rt. 40; Approximately 8.55 acres for Lease
    (410) 321-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cooper A. Henry
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!