Commercial
New
For Sale
$1,290,000
1231 National Highway, Lavale, MD 21502
The parcel includes an existing building requiring work and access to I-68.
Property Size3,840 SF
Lot Size1.95 Acres
Price / SF$335.94
Days on Market2
Property Features for 1231 National Highway
General Information
Standard status
Active
Size
3,840 SF
Lot size
1.95 Acres
Zoning
B
Property Condition
Severity
Repairs Needed
Evidence
BUILDING NEEDS WORK
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,288
Amenities
Electric
Yes
Natural Gas
No
Public
84942
1.95
Estimated
Other
Black Top
10
3840.00
State
Building Details
Building Size
3,840 SF
Year Built
1961
Listing Agency:
(443) 998-9213
Listed By:
Sean Perkins
Source:
Knot6
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
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 Sean Perkins
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Investment Insights
Based on property information with market context.
The commercial property contains a 3,840-square-foot building constructed in 1961. The structure needs work, and the site is zoned B for commercial use.
The 1.95-acre parcel has 174 feet of off-road frontage along National Highway in Lavale, with access to I-68. Electric and natural gas are listed among the property features.
The 1.95-acre parcel has 174 feet of off-road frontage along National Highway in Lavale, with access to I-68. Electric and natural gas are listed among the property features.
Key Highlights
- 3,840‑square‑foot building on 1.95 acres
- 174 feet of off‑road frontage along National Highway
- Zoned B for commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,936
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,720
$778.7K
Cap Rate 7%
$556,229
$556.2K
Cap Rate 9%
$432,622
$432.6K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$58.1K $15.12/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$55.6K $14.48/SF
− OpEx
−$16.7K −$4.35/SF
NOI
$38.9K $10.14/SF
Area
Allegany County, MD
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,720
Cap Rate 7%
$556,229
Cap Rate 9%
$432,622
Alternative Uses
Best Use
Retail
$556.2K
$486.7K – $648.9K
NOI $38,936 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,685 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
425k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 19%
Home Improvements & Furnishings 18%
Apparel 10%
Chick-fil-A
Dining
57,929 visits/mo
0.4 miles
Gabe's
Shops & Services
43,499 visits/mo
0.4 miles
Martin's Food Market
Groceries
39,342 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
38,435 visits/mo
0.3 miles
Kohl's
Apparel
37,919 visits/mo
0.5 miles
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The parcel includes an existing building requiring work and access to I-68.
Where is this storefront property located?
The property is located at 1231 National Highway Lavale, MD.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 3,840‑square‑foot building on 1.95 acres; 174 feet of off‑road frontage along National Highway; Zoned B for commercial use
