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

    11170 Homeport Ct Lusby, MD 20657

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $278,100

    Shovel-ready commercial land in Southern Maryland, near Pax River NAS.

    Lot size:
    2.06 Acres

    Property Features for 11170 Homeport Ct

    General Information

    Standard status
    Active
    Lot size
    2.06 Acres

    We can help!

    Listing Contact
    Christine M. McNelis
    Source: Exprealty

    Listing Agency: Berkshire Hathaway HomeServices PenFed Realty Listing Agent: Christine M. McNelis

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land Ready For Development

    This commercial land is located in Southern Maryland's Premier Place of Business and is shovel-ready in 60-90 days. The state-of-the-art business park offers multiple uses. It is situated minutes from Pax River NAS and approximately one hour from both Washington, D.C., and Annapolis. The site benefits from fast-tracked permits and property tax incentives. High-speed voice and data connections are available, along with natural gas, public water, and sewer services. Contiguous lots are available, up to 27.69 gross acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lusby
    County
    Calvert
    State
    Maryland
    Longitude
    -76.4416
    Latitude
    38.3848

    Nearby Similar for Sale

    • $100,000
      1.00 Acre

      Waterfront Retreat on Tonkawa Trail

      Rare 1-acre waterfront lot with panoramic views and coastal charm.
      12759 Tonkawa Trl, Lusby, MD 20657
      View Details
    • $899,000

      Mills Creek Drive Land Opportunity

      Land available on Mills Creek Drive, Lusby, MD 20657.
      13021 Mills Creek Dr, Lusby, MD 20657
      View Details
    • $315,000

      Buckskin Court Specialty Property

      Specialty property for sale on Buckskin Court.
      11522 Buckskin Ct, Lusby, MD 20657
      View Details
    • $389,900

      Crystal Rock Road Property

      Property for sale on Crystal Rock Road in Lusby.
      932 Crystal Rock Rd, Lusby, MD 20657
      View Details
    • $389,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      634 Silver Rock Rd, Lusby, MD 20657
      View Details
    • $375,000

      Bonanza Trail Specialty Property

      Specialty property available for sale on Bonanza Trail.
      12200 Bonanza Trl, Lusby, MD 20657
      View Details
    • $330,000

      Wolf Howl Lane Land Parcel

      Land parcel available on Wolf Howl Lane, Lusby, MD.
      11543 Wolf Howl Ln, Lusby, MD 20657
      View Details
    • $330,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      11636 Cowpoke Cir, Lusby, MD 20657
      View Details
    • $649,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      219 Calvert Dr, Lusby, MD 20657
      View Details
    • $385,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      8495 Pine Blvd, Lusby, MD 20657
      View Details
    • $424,804

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      12855 Mccready Rd, Lusby, MD 20657
      View Details
    • $349,000

      Lusby Specialty Property For Sale

      Specialty property available for purchase in Lusby, Maryland.
      542 Chisholm Trl, Lusby, MD 20657
      View Details

    FAQs

    What type of property is this?
    Commercial land - Shovel-ready commercial land in Southern Maryland, near Pax River NAS.
    Where is this commercial land located?
    The property is located at 11170 Homeport Ct Lusby, MD.
    What is the asking price?
    The asking price for this property is $278,100.
    What are key features of this property?
    This property features: - Shovel ready in 60-90 days with fast-tracked permits.; - Property tax incentives.; - State-of-the-art business park with multiple uses.
    (410) 610-4045
    Request Owner's contact information
    11170 Homeport Ct Lusby, MD 20657
    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.
    11170 Homeport Ct
    Lusby, MD 20657
    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
    11170 Homeport Ct Lusby, MD 20657
    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
    Christine M. McNelis
    (410) 610-4045
    Learn more
    Google sign-in failed. Please try again or use another login method.