Multi-Building Retail Storefront
For Sale
$6,000,000
1406 MAIN Street, Stevensville, MD 21666
Commercial Sale, STEVENSVILLE, MD
Property Size12,034 SF
Lot Size1.78 Acres
Price / SF$498.59
Days on Market49
Property Features for 1406 MAIN Street
General Information
Property type
Other
Property subtype
Retail
Parking
53
Parking features
Parking Lot
Elementary school district
QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
Middle school district
QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
High school district
QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
1.78 Acres
Taxes and HOA fees
Tax Annual Amount
9813
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Building Details
Year built
1965
Building materials
Masonry
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Ross Benincasa · License #5006326
(443) 720-0080
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 12:06PM
MLS# MDQA2017804
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property comprises a three-building commercial complex totaling approximately 12,034 square feet on 1.78 acres. Improvements include a large retail storefront along U.S. Route 50, a separate retail building facing Main Street, and service space with nine drive-in bays. Masonry construction, central air, and a parking lot are also included.
The site has dual frontage on U.S. Route 50/301 and Main Street in Stevensville, Maryland. Its position along the Eastern Shore corridor provides exposure from both roadways, while the combination of retail buildings and drive-in service areas creates a varied commercial configuration.
The site has dual frontage on U.S. Route 50/301 and Main Street in Stevensville, Maryland. Its position along the Eastern Shore corridor provides exposure from both roadways, while the combination of retail buildings and drive-in service areas creates a varied commercial configuration.
Key Highlights
- 1.78‑acre commercial site with approximately 12,034 square feet of improvements
- Three‑building complex with two retail buildings and separate service space
- Nine drive‑in bays included in the service area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,406,540
$3.4M
Cap Rate 7%
$2,433,243
$2.4M
Cap Rate 9%
$1,892,522
$1.9M
Market Conditions
NOI Build-Up for 12,034 SF
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.
Gross rent
$259.9K $21.60/SF
− Vacancy
−$16.6K −$1.38/SF
EGI
$243.3K $20.22/SF
− OpEx
−$73.0K −$6.07/SF
NOI
$170.3K $14.15/SF
Area
Queen Anne's County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,406,540
Cap Rate 7%
$2,433,243
Cap Rate 9%
$1,892,522
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,327 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,811 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
McDonald's
Dining
35,541 visits/mo
0.3 miles
Hardee's
Dining
22,270 visits/mo
0.3 miles
Dollar General
Shops & Services
10,204 visits/mo
0.2 miles
Shell
Shops & Services
7,652 visits/mo
0.2 miles
Bank of America
Shops & Services
5,505 visits/mo
0.3 miles
Demographics for 21666, MD
12,848
Population
5,781
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
587
Density / Sq Mi
$130,426
Median Household Income
$63,926
Median Earnings
$1,755
Median Rent
$478,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three commercial buildings provide retail and service space with drive-in access and an on-site parking lot.
Where is this storefront property located?
The property is located at 1406 MAIN Street Stevensville, MD.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 1.78‑acre commercial site with approximately 12,034 square feet of improvements; Three‑building complex with two retail buildings and separate service space; Nine drive‑in bays included in the service area
