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    Historic Antique Store Opportunity Title is generated by Realmo AI

    13892 Dowell Rd, Solomons, MD 20688

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    For Sale
    $649,000

    Two commercial lots with established antique store near Oyster Bay.

    Type:Commercial
    Property size:
    3,835 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $169/SF
    Added:
    Apr 8, 2025
    Days on Market:
    425
    Last Refresh:
    May 11 at 1:21 am

    Property Features for 13892 Dowell Rd

    General Information

    Standard status
    Active
    Size
    3,835 SF
    Lot size
    0.62 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    THOMAS F. MCKAY

    Listing agent THOMAS F. MCKAY License ##5015207

    Listing office BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY

    Listing date Apr 8, 2025

    Source Corcoran

    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 BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY

    HighLights

    • Two commercial lots totaling over 40,000 sq ft in a high‑growth area.
    • Main building (3,835 sq ft) with historical significance as the former General Store and Post Office.
    • Public sewer and water access.
    • Paved parking lot and curbed entrance already in place.
    • Business equipment can convey with the property.
    • Located across from Oyster Bay in a walkable community with sidewalks.

    Overview

    This property, offered for sale for the first time in 100 years, comprises two commercial lots. The main building, originally a General Store and Dowell Post Office, now functions as an antique store, encompassing 3,835 square feet. The property at 13892 Dowell Road spans 27,007 square feet and includes four structures. The adjoining commercial lot at 13880 Dowell Road covers 13,162 square feet and features one structure. A curbed entrance and paved parking lot are already in place. The location benefits from public sewer and public water services. Situated across from Oyster Bay in a community with sidewalks, the area has seen the construction of new homes, townhomes, and condominiums in recent years, with another 200 recorded lots ready for construction near the Marina. The owners are willing to convey the business equipment with the property, but the business inventory is excluded from the purchase price. The property is located in Solomons, MD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Solomons
    County
    Calvert
    State
    Maryland
    Longitude
    -76.4623
    Latitude
    38.3374

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    FAQs

    What type of property is this?
    Storefront property - Two commercial lots with established antique store near Oyster Bay.
    Where is this storefront property located?
    The property is located at 13892 Dowell Rd Solomons, MD.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Two commercial lots totaling over 40,000 sq ft in a high‑growth area.; Main building (3,835 sq ft) with historical significance as the former General Store and Post Office.; Public sewer and water access.
    (410) 394-0990
    We can help!
    Listing Contact
    THOMAS F. MCKAY
    Real Estate License ID: #5015207
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    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.

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    13892 Dowell Rd, SOLOMONS, MD 20688
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