Building Details

Year Built 1915

Listing Agency: Hyatt Commercial

Listed By: Courtney D. Phipps · License #670476 Show Phone

Source: Soldbypattie

Added: Jan 26 Changed: Oct 26 Last Checked: Oct 7 at 2:18PM

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Investment Insights

Based on property information with market context.

This mixed-use property presents a commercial opportunity complemented by a 2-bedroom, 1-bathroom residential unit located at the rear of the property. The residential unit is currently rented, providing immediate income. Updates to the property include a new roof and the installation of mini-split A/C units. The location benefits from a high traffic count, with approximately 10,000 vehicles passing daily, according to a 2023 SHA study. This property is suitable for business operations with a live-in home or rental income potential.

Key Highlights

• High daily traffic count (10,000 SHA‑2023) ideal for commercial business.
• Mixed‑use property offering both commercial and residential opportunities.
• Includes a 2‑bedroom, 1‑bathroom home for living or rental income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,143

Cap Rate

7.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,860 $742.9K

Cap Rate 7%

$530,614 $530.6K

Cap Rate 9%

$412,700 $412.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,845 SF

Gross rent

$57.7K $15.00/SF

− Vacancy

−$4.6K −$1.20/SF

EGI

$53.1K $13.80/SF

− OpEx

−$15.9K −$4.14/SF

NOI

$37.1K $9.66/SF

Area

St. Mary's County, MD

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,860

Cap Rate 7%

$530,614

Cap Rate 9%

$412,700

Alternative Uses

Best Use

Retail

$530.6K

$464.3K – $619.1K (±1% cap)

NOI $37,143 @ 7.0% cap · market cap 7.64%

Second Best

Apartment 5plus

$511.2K

$447.3K – $596.4K (±1% cap)

NOI $35,782 @ 7.0% cap · market cap 7.36%

Theoretical Best

Office A

$1.43M

$1.25M – $1.66M (±1% cap)

NOI $99,815 @ 7.0% cap · market cap 20.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Auto Repair Shop Plumbing Service Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 20656, MD

106

Population

55

Households

1.9

Avg Household Size

52

Median Age

71%

High-School Grad

0.6 sq mi

ZIP Area

177

Density / Sq Mi

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property featuring commercial space and a residential income unit.

Where is this mixed-use property located?

The property is located at 28420 Point Lookout Rd Loveville, MD.

What is the asking price?

The asking price for this property is $486,000.

What are key features of this property?

This property features: High daily traffic count (10,000 SHA‑2023) ideal for commercial business.; Mixed‑use property offering both commercial and residential opportunities.; Includes a 2‑bedroom, 1‑bathroom home for living or rental income.