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

    124 Hess Frontage Rd Grasonville, MD 21638

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $45,000

    Commercial land with high visibility on Rt 50/301.

    Lot size:
    0.39 Acres

    Property Features for 124 Hess Frontage Rd

    General Information

    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Michael Rosendale
    Source: Elliman

    Listing Agent: Michael Rosendale

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

    Learn more

    Overview

    Commercial Land on Rt 50/301

    This 0.39-acre commercial land offers an opportunity for business exposure along Route 50/301. The property is located just before the 50/301 split, providing access from Route 50 Eastbound. Its Urban Commercial Zoning supports a variety of uses. The property is near the Emergency Center and The Village At Slippery Hill. Setbacks are 50 feet in the front, 10 feet on the sides, and 10 feet in the rear. Contact the county for information on use and sewer options.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Grasonville
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.189984
    Latitude
    38.9652765

    Nearby Similar for Sale

    • $60,000

      Beach Harbor Lot with Amenities

      Private, gated campground lot with amenities on Chester River.
      111 Saddler Way, Grasonville, MD 21638
      View Details
    • $1,350,000

      Luxury Townhome with Bay Views

      Stunning five-level townhome with elevator, bay views, and marina.
      310 Channel Marker Way, Grasonville, MD 21638
      View Details
    • $739,000

      Prospect Bay Drive Property

      Property on Prospect Bay Drive, Grasonville, MD for sale.
      20 Prospect Bay Dr W, Grasonville, MD 21638
      View Details
    • $199,000

      Grasonville Specialty Property for Sale

      Specialty property available for purchase in Grasonville, Maryland.
      4926 Main St, Grasonville, MD 21638
      View Details
    • $445,000

      Grasonville Specialty Property For Sale

      Specialty property available for purchase in Grasonville, Maryland.
      1326 Perrys Corner Rd, Grasonville, MD 21638
      View Details
    • $1,700,000

      Grasonville Specialty Property For Sale

      Specialty property available for purchase in Grasonville, Maryland.
      227 Homeport Dr, Grasonville, MD 21638
      View Details
    • $405,000

      Grasonville Specialty Property for Sale

      Specialty property available in Grasonville, Maryland for $405,000.
      1109 Grasonville Cemetery Rd, Grasonville, MD 21638
      View Details
    • $399,000

      MELVIN Ave, Grasonville Property

      Grasonville, MD property available for sale.
      317 Melvin Ave, Grasonville, MD 21638
      View Details
    • $329,999

      Specialty Property for Sale

      Specialty property available for purchase.
      113 Moes Ln, Grasonville, MD 21638
      View Details
    • $125,000
      0.39 Acres

      High-Visibility Grasonville Commercial Lot

      Prime location, high traffic, .39 acres.
      124 Hess Frontage Rd, Grasonville, MD 21638
      View Details
    • $50,000
      374 SF

      Grasonville Marina Slip: Prime Location

      Chesapeake Bay access, affordable slip.
      Wl Cv Rd Unit, Grasonville, MD 21638
      View Details
    • $100,000
      374 SF

      Grasonville Marina Slips: Prime Location

      Two boat slips, Chesapeake Bay access.
      Unit SLIPS 3& Wells Cove Rd, Grasonville, MD 21638
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility on Rt 50/301.
    Where is this commercial land located?
    The property is located at 124 Hess Frontage Rd Grasonville, MD.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Excellent exposure for business along Rt 50/301.; - Located just prior to the 50/301 Split.; - Great access from Rt. 50 Eastbound.
    (410) 643-2166
    Request Owner's contact information
    124 Hess Frontage Rd Grasonville, MD 21638
    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.
    124 Hess Frontage Rd
    Grasonville, MD 21638
    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
    124 Hess Frontage Rd Grasonville, MD 21638
    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
    Michael Rosendale
    Real Estate License ID: 317315
    (410) 643-2166
    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.