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

    2906 Central Rd Cambridge, MD 21613

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $759,000

    Commercial land available for sale.

    Lot size:
    0.80 Acres

    Property Features for 2906 Central Rd

    General Information

    Lot size
    0.80 Acres

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Edward Cartwright
    Source: Elliman

    Listing Agency: Benson & Mangold, LLC Listing Agent: Edward Cartwright

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land For Sale

    Commercial land is available for sale. The list price is $759,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.04383
    Latitude
    38.5515453

    Nearby Similar for Sale

    • $499,999
      0.14 Acres

      Renovated Restaurant and Entertainment Venue

      Meticulously renovated commercial building with restaurant, bar, and entertainment.
      520 Race St, Cambridge, MD 21613
      View Details
    • $679,000
      10.00 Acres

      Waterfront Horse Farm Opportunity

      10-acre waterfront horse farm with renovation potential in Cambridge, MD.
      5816 Indian Quarter Rd, Cambridge, MD 21613
      View Details
    • New
      $199,500
      2,484 SF

      Cambridge Duplex with Water Views

      Duplex in historic Cambridge with water views and ample parking.
      206 Maryland Ave, Cambridge, MD 21613
      View Details
    • $225,000
      1,536 SF

      Updated Duplex in Cambridge, MD

      Two-unit property with updated kitchens, bathrooms, and new roof.
      628-630 High St, Cambridge, MD 21613
      View Details
    • $214,000
      2,140 SF

      Turnkey Cambridge Duplex Near Waterfront

      Income-producing duplex near historic district and waterfront.
      321 Choptank Ave, Cambridge, MD 21613
      View Details
    • $1,060,000
      10,086 SF

      Cambridge Retail and Warehouse Opportunity

      Retail and warehouse spaces in Cambridge, MD, available for purchase.
      518 Rear Race St, Cambridge, MD 21613
      View Details
    • $1,190,000
      20,780 SF

      Adaptable Industrial Building on 2.19 Acres

      20,780 SF building suitable for manufacturing, storage, or distribution.
      1200 Goodwill Ave, Cambridge, MD 21613
      View Details
    • $125,000
      1,088 SF

      Cambridge Duplex: Investment Opportunity

      Two-unit home in Cambridge, MD, ideal for investors or owner-occupiers.
      610 Washington St, Cambridge, MD 21613
      View Details
    • Contact for pricing
      62,946 SF

      Renovated Shopping Center on Route 50

      Prime shopping center on U.S. Route 50 in Cambridge, MD.
      620 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $489,000
      5,456 SF

      Cambridge Warehouse Buildings For Sale

      Three warehouse buildings totaling 5456 SF in Cambridge, MD.
      522 Race St, Cambridge, MD 21613
      View Details
    • $650,000

      Waterfront Townhome with Boat Slip

      Spacious waterfront townhome with deeded boat slip and panoramic views.
      202 Muir St, Cambridge, MD 21613
      View Details
    • $689,000

      Cambridge Retail/Warehouse Opportunity

      Versatile 4,630 SF building in Cambridge's Downtown/Waterfront District.
      518 Race St, Cambridge, MD 21613
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for sale.
    Where is this commercial land located?
    The property is located at 2906 Central Rd Cambridge, MD.
    What is the asking price?
    The asking price for this property is $759,000.
    What are key features of this property?
    This property features: - Year Built: 1956
    (484) 280-7842
    Request Owner's contact information
    2906 Central Rd Cambridge, MD 21613
    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.
    2906 Central Rd
    Cambridge, MD 21613
    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
    2906 Central Rd Cambridge, MD 21613
    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
    Edward Cartwright
    Real Estate License ID: 671177
    (484) 280-7842 (410) 228-0800
    Learn more
    Google sign-in failed. Please try again or use another login method.