Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    837 Chesapeake Dr Cambridge, MD 21613

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    7500 SF industrial space available 4/30/25 in Cambridge, MD.

    Lot size:
    5.00 Acres

    Property Features for 837 Chesapeake Dr

    General Information

    Property type
    Industrial
    Standard status
    Active
    Lot size
    5.00 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Ida L Semenuk
    Source: Elliman

    Listing Agent: Ida L Semenuk

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

    Learn more

    Overview

    Industrial Space in Chesapeake Business Park

    Located in Chesapeake Business Park, this 7500 square foot space is suitable for industrial use. The property features 6-inch concrete floors, high ceilings, and 14'x14' electric roll-up doors. It also includes auto on/off lighting and access to a bathroom. The property will be available on 4/30/25 under a NNN lease.
    Location Intelligence

    Current Use by Public Records

    Blackwater Self Storage Storage Facility Hoopers Island Seafood ... Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Similar Places Nearby

    Blackwater Self Storage, Robbins Storage Co

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0538956
    Latitude
    38.5501159

    Nearby Similar for Lease

    • $10 SF/Yr
      213,880 SF

      Renovated Retail Space on Route 50

      Grocery-anchored shopping center with high visibility on U.S. Route 50.
      630 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $14 SF/Yr
      213,880 SF

      Prime End-Cap Retail Opportunity

      Grocery-anchored shopping center end-cap space for lease in Cambridge, MD.
      630 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $2,000 /Mo
      95,396 SF

      Cambridge Office Space For Lease

      Office space and parking available for lease in Cambridge, MD.
      2938 Ocean Gtwy, Cambridge, MD 21613
      View Details
    • $14 SF/Yr
      213,880 SF

      Prime Shopping Center on Route 50

      Renovated shopping center on Route 50 with high visibility.
      630 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $14 SF/Yr
      104,544 SF

      Spacious Office with Flexible Layout

      Large office space with customizable layout and tenant improvement allowance.
      828A Airpax Rd, Cambridge, MD 21613
      View Details
    • $1.00 SF/Yr
      84,506 SF

      Historic Landmark Retail Leasing Opportunity

      Unique retail spaces available in revitalized historic Packing House.
      411-A Dorchester Ave, Cambridge, MD 21613
      View Details
    • $900 /Mo

      Commercial Space with Route 50 Visibility

      500 sq ft commercial space ideal for small business.
      2833 Ocean Gtwy, Cambridge, MD 21613
      View Details
    • $14 SF/Yr

      Spacious Office with Private Offices

      Large open office space with flexible layout and parking.
      828A Airpax Rd, Cambridge, MD 21613
      View Details
    • $9 SF/Yr

      Food Grade Industrial Facility

      70,000 sq ft manufacturing facility in Cambridge, MD.
      810 Chesapeake Dr, Cambridge, MD 21613
      View Details
    • $1.00 SF/Yr

      Historic Packing House Flex Space

      Reimagined industrial space for business, creativity, and community.
      411 Dorchester Ave, Cambridge, MD 21613
      View Details
    • $900 /Mo

      Route 50 Commercial Space

      Commercial space with high visibility, flexible layout, and convenient location.
      2833 Ocean Gtwy, Cambridge, MD 21613
      View Details
    • $1,800 /Mo

      Downtown Cambridge Colonial Office Space

      First-class office space in a classic Tidewater Colonial building.
      403 Academy St, Cambridge, MD 21613
      View Details

    FAQs

    What type of property is this?
    Warehouse - 7500 SF industrial space available 4/30/25 in Cambridge, MD.
    Where is this warehouse located?
    The property is located at 837 Chesapeake Dr Cambridge, MD.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 7500 SF of industrial space suitable for a variety of uses.; - Convenient location within Chesapeake Business Park.; - High ceilings suitable for various industrial operations.
    Request Owner's contact information
    837 Chesapeake Dr 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.
    837 Chesapeake Dr
    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
    837 Chesapeake Dr 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
    Ida L Semenuk
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!