Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Adaptable Industrial/Warehouse Space Available Title is generated by Realmo AI

    1200 Goodwill Ave, Cambridge, MD 21613

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,090,000

    20,780 SF building on 2.19 acres for sale.

    Type:Self Storage
    Property size:
    20,780 SF
    Lot size:
    2.19 Acres
    Price / SF:
    $52/SF
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 11:23 pm

    Property Features for 1200 Goodwill Ave

    General Information

    Standard status
    Active
    Size
    20,780 SF
    Lot size
    2.19 Acres
    Property subtype
    Self Storage

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Hans Hardisty
    Hans Hardisty

    Listing agent Hans Hardisty License #672907

    Listing office SVN/Miller Commercial Real Estate

    Listing date Mar 6, 2026

    Source Nationalstoragepartners

    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 SVN/Miller Commercial Real Estate

    HighLights

    • Adaptable 20,780 SF building suitable for warehouse, distribution, storage, or industrial use.
    • Located in Cambridge, Maryland, a regional economic hub.
    • Offers a value‑add opportunity at $57.26 per square foot.
    • Features 18–20 foot clear ceiling heights, ideal for modern industrial users.
    • Zoned GC with flexible layout.
    • Immediate access to Route 50.

    Overview

    Originally constructed in 1961, this 20,780 square foot building is situated on 2.19 acres. The building was purpose-built as a warehouse before being converted to a bowling alley, demonstrating the property’s structural flexibility. The existing improvements are largely non-structural, allowing for efficient conversion back to functional warehouse, distribution, storage, or industrial use. The building features 18 to 20 foot clear ceiling heights, providing utility for modern industrial users. The property is zoned GC with a flexible layout suitable for manufacturing, storage, or distribution. A spacious parking lot is available. Cambridge, Maryland serves as a regional economic hub on Maryland’s Eastern Shore with an established industrial and manufacturing presence supported by designated industrial parks, diversified employers, and strategic infrastructure. The city and Dorchester County feature sites such as the Chesapeake Industrial Park and Dorchester Regional Technology Park, which are zoned and equipped to support light manufacturing, warehousing, distribution, and advanced industrial operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Choptank Arcade Arcade & Gaming Center ATM Atm Choptank Bowling & Billiards Bowling Alley

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Bates Moving & Storage Co Inc — Cambridge, MD 21613
    • Robbins Storage Co — 415 Dorchester Ave, Cambridge, MD 21613

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0731
    Latitude
    38.5583

    Nearby Similar for Sale

    • $550,000
      3,000 SF

      Versatile Commercial Property on Ocean Gateway

      3,000 sq ft property with retail and warehouse space.
      2934 OCEAN Gtwy, Cambridge, MD 21613
      View Details
    • $899,000
      5,000 SF

      Industrial Property with Office/Apt Space

      Versatile industrial property on 3.25 acres with office/apartment space.
      5413 TATES BANK Rd, Cambridge, MD 21613
      View Details
    • $645,000
      4,396 SF

      Cambridge Shopping Center For Sale

      Three-unit shopping center with income and value-add potential.
      321 CRUSADER Rd, Cambridge, MD 21613
      View Details
    • $679,000

      Waterfront Horse Farm Opportunity

      10-acre waterfront horse farm with renovation potential in Cambridge, MD.
      5816 INDIAN QUARTER Road, CAMBRIDGE, MD 21613
      View Details
    • $300,000

      Mixed-Use Property Near Downtown Cambridge

      Commercial property with apartment and business opportunity near Route 50.
      503 MARYLAND AVENUE, CAMBRIDGE, MD 21613
      View Details
    • $179,900
      2,484 SF

      Cambridge Duplex with Water Views

      Duplex in historic downtown Cambridge with water views and ample parking.
      206 MARYLAND Avenue, CAMBRIDGE, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Warehouse/Industrial Space For Sale

      20,780 SF building on 2.19 acres, flexible for various uses.
      1200 GOODWILL Ave, Cambridge, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Industrial/Warehouse Opportunity

      20,780 SF building on 2.19 acres, flexible layout.
      1200 Goodwill Ave, Cambridge, MD 21613
      View Details
    • $700
      14,500 SF

      Cambridge Office Space For Sale

      Office space for sale featuring a receptionist area and restroom.
      807 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • $700
      590 SF

      Office Space in Cambridge, MD

      590 SF office space with receptionist area and restroom.
      807 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • $14
      62,946 SF

      Renovated Shopping Center on Route 50

      Prime shopping center on U.S. Route 50 in Cambridge, MD.
      620 Sunburst Highway, Cambridge, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Industrial Building on 2.19 Acres

      20,780 SF building suitable for manufacturing, storage, or distribution.
      1200 Goodwill Avenue, Cambridge, MD 21613
      View Details

    FAQs

    What type of property is this?
    Warehouse - 20,780 SF building on 2.19 acres for sale.
    Where is this warehouse located?
    The property is located at 1200 Goodwill Ave Cambridge, MD.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: Adaptable 20,780 SF building suitable for warehouse, distribution, storage, or industrial use.; Located in Cambridge, Maryland, a regional economic hub.; Offers a value‑add opportunity at $57.26 per square foot.
    (914) 489-7909
    We can help!
    Listing Contact
    Hans Hardisty
    Hans Hardisty
    Real Estate License ID: 672907
    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

    Thank You for Inquiry
    1200 Goodwill Ave, Cambridge, MD 21613
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!