Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4650 Ocean Gtwy Queenstown, MD 21658

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial lots ideal for fast food, QSR, and restaurants.

    Lot size:
    1.25 Acres

    Property Features for 4650 Ocean Gtwy

    General Information

    Lot size
    1.25 Acres

    We can help!

    Listing Contact
    Tom Fidler
    Tom Fidler
    Source: Moodyscre

    Listing Agent: Tom Fidler

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

    Learn more

    Overview

    Wheatlands Commercial Lots For Sale

    The Wheatlands Commercial Lots consist of three pad sites, ranging in size from approximately 1.25 to 2.25 acres. These lots are ideally suited for fast food, quick-service restaurants (QSR), and other restaurant concepts. The property is located directly across from the Queenstown Premium Outlets, which feature dozens of apparel stores. The location provides quick and easy access to Route 301 (Blue Star Memorial Hwy).
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hair Salon Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Queenstown
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.1592467
    Latitude
    38.981339

    Nearby Similar for Sale

    • Contact for pricing

      Retail/Medical Space Near Route 50

      Retail and medical office spaces available in Queenstown, Maryland.
      1 Nesbit Rd, Queenstown, MD 21658
      View Details
    • $1,500,000

      Bennett Point Road Land Opportunity

      Land for sale on Bennett Point Road, Queenstown, MD
      2006 Bennett Point Rd, Queenstown, MD 21658
      View Details
    • $3,395,000

      Bennett Point Road Land Opportunity

      Land available on Bennett Point Road in Queenstown, Maryland.
      3027 Bennett Point Rd, Queenstown, MD 21658
      View Details
    • $1,040,000

      Queenstown Specialty Property Available

      Specialty property for sale in Queenstown, Maryland.
      315 Nottingham Ln, Queenstown, MD 21658
      View Details
    • $1,950,000

      Queenstown Specialty Property For Sale

      Specialty property available in Queenstown, Maryland.
      133 Kilby Pt, Queenstown, MD 21658
      View Details
    • $799,000

      Queenstown Specialty Property For Sale

      Specialty property available in Queenstown, Maryland.
      618 Pigpen Point Rd, Queenstown, MD 21658
      View Details
    • $3,250,000

      Industrial Property in Queenstown, MD

      Industrial property available for sale in Queenstown, Maryland.
      1350 Bloomingdale Rd, Queenstown, MD 21658
      View Details
    • $675,000

      Queenstown Specialty Property for Sale

      Specialty property available in Queenstown, Maryland.
      518 Bryce Rd, Queenstown, MD 21658
      View Details
    • $450,000
      4,674 SF

      Queenstown Industrial Property - 2 Acres

      Spacious industrial property, two pole buildings, 4,674 sqft.
      6630 Friels Rd, Queenstown, MD 21658
      View Details
    • $585,000
      2,236 SF

      Queenstown Office Building - Prime Location

      Versatile Office/Retail Space, High Visibility
      121 Clay Dr, Queenstown, MD 21658
      View Details
    • Contact for pricing
      22.65 Acres

      Queenstown Retail Property - Prime Location

      Established Nursery Business Opportunity, High Traffic Area
      306 Lake Dr, Queenstown, MD 21658
      View Details
    • $3,250,000
      55,052 SF

      Queenstown Industrial Site: 55,000 SF

      Prime industrial property, 38 acres, high-traffic location.
      1350 Bloomingdale Rd, Queenstown, MD 21658
      View Details

    FAQs

    What type of property is this?
    Land - Commercial lots ideal for fast food, QSR, and restaurants.
    Where is this land located?
    The property is located at 4650 Ocean Gtwy Queenstown, MD.
    What are key features of this property?
    This property features: - Directly across from Queenstown Premium Outlets; - Ideal for fast food, QSR, and/or restaurant users; - Quick and easy access to Route 301 (Blue Star Memorial Hwy)
    (410) 494-4860
    Request Owner's contact information
    4650 Ocean Gtwy Queenstown, MD 21658
    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.
    4650 Ocean Gtwy
    Queenstown, MD 21658
    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
    4650 Ocean Gtwy Queenstown, MD 21658
    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

    We can help!
    Listing Contact
    Tom Fidler
    Tom Fidler
    (410) 494-4860
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.