Freestanding
For Sale
$3,990,000
2640 CRAIN HIGHWAY, Waldorf, MD 20601
Freestanding showroom/warehouse with a glass front and second-floor office space, including a kitchen and balcony.
Property Size13,671 SF
Days on Market152
Property Features for 2640 CRAIN HIGHWAY
General Information
Standard status
Active
Size
13,671 SF
Property subtype
Retail
Site & Location
Traffic Count
50,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$19,609
Amenities
kitchen
balcony
Building Details
Building Size
13,671 SF
Year Built
1987
Construction
Architectural Block
Listing Agency:
Action Real Estate Services, Inc.
Listed By:
Claude H Humbert II · License #06031
(301) 885-6316
Source:
Barnesrealestatecompany
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 28 at 4:02PM
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 Action Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
This freestanding showroom/warehouse features architectural block construction and a glass front. The building includes second-floor office space with a kitchen and a balcony.
The property is located on the northbound RT 301, positioned between an auto dealership and an office building. Public remarks indicate over 50,000 drive passes daily and emphasize easy in-and-out access with visibility from the busy highway.
The building configuration supports multiple on-site use possibilities, combining a showroom/warehouse setting with dedicated second-floor office space.
The property is located on the northbound RT 301, positioned between an auto dealership and an office building. Public remarks indicate over 50,000 drive passes daily and emphasize easy in-and-out access with visibility from the busy highway.
The building configuration supports multiple on-site use possibilities, combining a showroom/warehouse setting with dedicated second-floor office space.
Key Highlights
- Freestanding showroom/warehouse with a glass front and second‑floor office space
- Second‑floor office includes a kitchen and a balcony
- Heat pump HVAC and interior finishes include ceramic tile and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,029
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,580
$3.1M
Cap Rate 7%
$2,214,700
$2.2M
Cap Rate 9%
$1,722,544
$1.7M
Market Conditions
NOI Build-Up for 13,671 SF
Gross rent
$246.1K $18.00/SF
− Vacancy
−$24.6K −$1.80/SF
EGI
$221.5K $16.20/SF
− OpEx
−$66.4K −$4.86/SF
NOI
$155.0K $11.34/SF
Area
Charles County, MD
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,580
Cap Rate 7%
$2,214,700
Cap Rate 9%
$1,722,544
Alternative Uses
Best Use
Retail
$2.21M
$1.94M – $2.58M
NOI $155,029 @ 7.0% cap · market cap 3.89%
Second Best
Flex RnD
$2.02M
$1.76M – $2.35M
NOI $141,175 @ 7.0% cap · market cap 3.54%
Theoretical Best
Multifamily LT 5
$191.96M
$167.97M – $223.96M
NOI $13,437,357 @ 7.0% cap · market cap 336.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20601, MD
27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding showroom/warehouse with a glass front and second-floor office space, including a kitchen and balcony.
Where is this flex space located?
The property is located at 2640 CRAIN HIGHWAY Waldorf, MD.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Freestanding showroom/warehouse with a glass front and second‑floor office space; Second‑floor office includes a kitchen and a balcony; Heat pump HVAC and interior finishes include ceramic tile and concrete flooring
