Add Listing
    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

    360 Magothy Road Unit 7K Severna Park, MD 21146

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $45,000

    Marina slip with access to amenities on the Magothy River.

    Type:Land / Fee Simple
    Added:
    Dec 18, 2024
    Days on Market:
    487
    Last Refresh:
    Mar 13 at 2:21 pm

    Property Features for 360 Magothy Road Unit 7K

    General Information

    Standard status
    Active
    Property subtype
    Land / Fee Simple

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Kathy Ann Buller

    Listing agent Kathy Ann Buller

    Listing office Long & Foster Real Estate, Inc.

    Listing date Dec 18, 2024

    Source Compass

    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 Long & Foster Real Estate, Inc.

    Overview

    Magothy River Marina Slip

    Located on the Magothy River near the residential area of Manhattan Beach, Magothy Marina offers access to cruising, racing, exploring, fishing, and crabbing on the Magothy River and Chesapeake Bay. The marina is situated less than one mile from Ritchie Highway (MD Rt. 2), approximately a half-hour from Baltimore, 15 minutes from Annapolis, and 45 minutes from Washington, D. C. Slip 7K measures 35 feet in length and 14 feet 5 inches in width, featuring a finger pier. The slip can accommodate boats up to 40 feet and provides unobstructed water views. Slip owners have access to marina amenities, including a bathhouse, swimming pool, boat ramp, picnic tables, and grills. Storage is available for dinghies, paddleboards, and kayaks, along with a launching space. Water and electricity are included in the quarterly condominium fees.
    Location Intelligence

    Current Use by Public Records

    Magothy Marina Boat Ramp

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Severna Park
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5184529
    Latitude
    39.0716607

    Nearby Similar for Sale

    • $389,125

      Severna Park Office/Medical Condo Units

      Two contiguous office/medical condo units in Severna Park, MD.
      692 Ritchie Highway, Severna Park, MD 21146
      View Details
    • $23
      1,645 SF

      Chart Towne Executive Offices Suites

      Professional office suites available in a multi-story building.
      479 Jumpers Hole Road, Severna Park, MD 21146
      View Details
    • $45,000

      Magothy River Marina Slip

      Marina slip with easy access to Chesapeake Bay.
      360 MAGOTHY ROAD 7K, SEVERNA PARK, MD 21146
      View Details
    • $675,000
      888 SF

      Severna Park Office Space Available

      Office space for sale in the heart of Severna Park.
      645 Baltimore Annapolis Blvd, Severna Park, MD
      View Details
    • $2,500,000

      Ritchie Highway Church/School Opportunity

      Well-maintained property suitable for church, school, or group home.
      335 Ritchie Highway, Severna Park, MD 21146
      View Details
    • $389,125
      1,415 SF

      Severna Park Office/Medical Condo

      Two contiguous units ideal for office or medical use.
      692 Ritchie Hwy, Severna Park, MD 21146
      View Details
    • $42,000

      Magothy River Marina Slip

      34' boat slip on the Magothy River.
      360 Magothy Road, Unit 18J, Severna Park, MD 21146
      View Details

    FAQs

    What type of property is this?
    Marina - Marina slip with access to amenities on the Magothy River.
    Where is this marina located?
    The property is located at 360 Magothy Road Unit 7K Severna Park, 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: Direct access to the Magothy River and Chesapeake Bay for boating, fishing, and recreation; Slip 7K accommodates boats up to 40' with unobstructed water views and a finger pier; Convenient location: close to Baltimore, Annapolis, and Washington D.C.
    (410) 353-3073
    We can help!
    Listing Contact
    Kathy Ann Buller
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!