Commercial Property with Storage
145 S Bohemia Ave Cecilton, MD 21913
145 S Bohemia Ave, Cecilton, MD, 21913
$829,000
For Sale
$829,000
3+ acre commercial property with buildings and fenced storage yard.
Property Size8,000 SF
Lot Size3.00 Acres
Price / SF$103.63
Days on Market147
Property Features for 145 S Bohemia Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 3.00 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1945
Listing agency
SB Real Estate
(302) 275-5566
Listed by
Jeff Sellers · License #RS0023229
Source
Sbrealtyco
Added: Feb 25 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 SB Real Estate
Investment Insights
Based on property information with market context.
This commercial property, totaling over 3 acres, features a large, secure storage yard and two buildings. The property includes three parcels and was formerly a boat sales and service dealership for over 40 years. It is located at the corner of Church St and Augustine Herman Hwy, offering excellent road frontage and visibility. Building 1 has an area of approximately 8,000 square feet, and Building 2 has an area of approximately 3,200 square feet. The property has public water and sewer.
Key Highlights
- 3+ acre commercial property with excellent road frontage and visibility on Augustine Herman Hwy
- Large, secure, fenced storage yard
- Two buildings totaling 11,200 SF (+/-): 8,000 SF and 3,200 SF
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.3k | $8.04 |
| − Vacancy | −$5.5k | −$0.68 |
| EGI | $58.9k | $7.36 |
| − OpEx | −$8.8k | −$1.10 |
| NOI | $50.0k | $6.25 |
8,000 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,606 @ 7.0% cap · market cap 12.86%
Second Best
Warehouse
$714.6K
$625.3K – $833.8K
NOI $50,025 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,677 @ 7.0% cap · market cap 25.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Automotive properties
FAQs
What type of property is this?
Automotive property - 3+ acre commercial property with buildings and fenced storage yard.
Where is this automotive property located?
The property is located at 145 S Bohemia Ave Cecilton, MD.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 3+ acre commercial property with excellent road frontage and visibility on Augustine Herman Hwy; Large, secure, fenced storage yard; Two buildings totaling 11,200 SF (+/-): **8,000 SF and 3,200 SF**
