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

    1206 E Oldtown Rd Cumberland, MD 21502

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $189,900

    Adaptable commercial space with multiple uses and convenient features.

    Lot size:
    0.20 Acres

    Property Features for 1206 E Oldtown Rd

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Jared P Fradiska
    Source: Elliman

    Listing Agent: Jared P Fradiska

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

    Learn more

    Overview

    Versatile Commercial Property For Sale

    This commercial property provides nearly 13,000 square feet of usable space, suitable for various business applications. Previously used as an office, sheet metal fabrication facility, and warehouse for a plumbing and heating business, the building includes two floors, two bathrooms, and three drive-in doors. Located on a corner lot, the property's roof was installed in 2021. The property offers possibilities for businesses looking to start or expand.
    Location Intelligence

    Current Use by Public Records

    C & C Sheet ... Sheet Metal Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.7463321
    Latitude
    39.6360768

    Nearby Similar for Sale

    • $975,000
      1.47 Acres

      CUMBERLAND Commercial/Industrial Opportunity

      Large industrial building with truck repair history and redevelopment potential.
      208 Market St, Cumberland, MD 21502
      View Details
    • $2,800,000
      1.65 Acres

      Commercial/Industrial Property in LAVALE, MD

      Well-maintained commercial/industrial property with ample parking and storage.
      1285 National Hwy, Lavale, MD 21502
      View Details
    • $249,999
      3,078 SF

      Well-Maintained Duplex in Cumberland, MD

      Duplex with updated units, ideal for families or investors.
      223 Grand Ave, Cumberland, MD 21502
      View Details
    • $269,000
      2,794 SF

      Updated Quadplex Near C&O Canal

      Solid, updated 4-unit apartment complex near amenities and C&O Canal.
      36 E Roberts St, Cumberland, MD 21502
      View Details
    • $1,750,000
      2.43 Acres

      CUMBERLAND Commercial/Industrial Opportunity

      Large commercial building near C&O Canal and GAP Trail.
      215 Elder St, Cumberland, MD 21502
      View Details
    • $190,000
      2,340 SF

      Historic Cumberland Multi-Family Opportunity

      Multi-family property in historic downtown Cumberland with income potential.
      124 Bedford St, Cumberland, MD 21502
      View Details
    • $725,000
      0.60 Acres

      Two Commercial Buildings on Highway

      Two commercial buildings with flexible space and highway frontage.
      900-912 National Hwy, Lavale, MD 21502
      View Details
    • $499,000
      0.68 Acres

      CUMBERLAND Commercial/Industrial Opportunity

      3,200 SF brick building on 0.68 acres in CUMBERLAND, MD.
      801 Virginia Ave, Cumberland, MD 21502
      View Details
    • $265,000
      1,472 SF

      Updated Triplex with Garage

      Well-maintained three-unit property with immediate income potential.
      263 National Hwy, Lavale, MD 21502
      View Details
    • $185,000
      2,248 SF

      Updated Duplex in Cumberland, MD

      Remodeled duplex with new features, ideal for investment or owner-occupancy.
      449 Columbia St, Cumberland, MD 21502
      View Details
    • $1,500,000

      Turn-Key Retreat Center in Pueblo Nuevo

      Turn-key retreat center amidst 14 hectares of pristine natural beauty.
      Pueblo Nuevo Retreat Ctr, Cumberland, MD 21503
      View Details
    • $395,000
      0.12 Acres

      Iconic Cumberland Building For Sale

      Landmark building in downtown Cumberland with retail and development potential.
      145 Baltimore St, Cumberland, MD 21502
      View Details

    FAQs

    What type of property is this?
    Warehouse - Adaptable commercial space with multiple uses and convenient features.
    Where is this warehouse located?
    The property is located at 1206 E Oldtown Rd Cumberland, MD.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - 13,000 sq ft of usable space suitable for diverse business operations.; - Versatile layout previously used as office, fabrication, and warehouse.; - Three drive-in doors for convenient access and logistics.
    (240) 580-8494
    Request Owner's contact information
    1206 E Oldtown Rd Cumberland, MD 21502
    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.
    1206 E Oldtown Rd
    Cumberland, MD 21502
    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
    1206 E Oldtown Rd Cumberland, MD 21502
    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
    Jared P Fradiska
    (240) 580-8494
    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.