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    48 Acres of Open Land Title is generated by Realmo AI

    33225 National Pike Northeast, Little Orleans, MD 21766

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    Claim this Listing
    For Sale
    $399,900

    Versatile land near I-68, ideal for agricultural pursuits.

    Type:Land / Fee Simple
    Lot size:
    48.04 Acres
    Added:
    May 28, 2025
    Days on Market:
    369
    Last Refresh:
    Mar 13 at 4:23 pm

    Property Features for 33225 National Pike Northeast

    General Information

    Standard status
    Active
    Lot size
    48.04 Acres
    Property subtype
    Land / Fee Simple

    We can help!

    Listing Contact
    Eric Paul Exline
    Eric Paul Exline

    Listing agent Eric Paul Exline License #WVB260301176

    Listing office Roger Fairbourn Real Estate

    Listing date May 28, 2025

    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 Roger Fairbourn Real Estate

    HighLights

    • 48+ acres of open land suitable for various agricultural uses.
    • Convenient location directly off Interstate 68 for easy commuting and transport.
    • Proximity to Green Ridge State Forest (46,000+ acres) for hunting, hiking, and recreation.
    • Close to the C&O Canal and Potomac River (10‑minute drive) with boat launch access for fishing and kayaking.
    • Minutes from Belle Grove Grocery (gas station and restaurant) for everyday essentials.
    • Scenic mountain views and wide‑open space for a private rural retreat.

    Overview

    This property features 48.04 acres of open land, currently utilized for hay production. Situated just off Interstate 68 in eastern Allegany County, it offers convenient access for commuting and transport. The location provides a balance of rural living and accessibility, with Belle Grove Grocery, including a gas station and local restaurant, located nearby. Outdoor recreation opportunities are abundant, with proximity to Green Ridge State Forest, offering over 46,000 acres for hunting, hiking, and other activities. The C&O Canal and Potomac River, with boat launch access, are approximately a 10-minute drive away. The property is located in the SE Allegany area of Allegany County. Public school options include FORT HILL High School, FLINTSTONE Elementary School, and WASHINGTON Middle School, all part of the ALLEGANY COUNTY PUBLIC SCHOOLS district.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Orleans
    County
    Allegany
    State
    Maryland
    Longitude
    -78.3650011
    Latitude
    39.7090832

    Nearby Similar for Sale

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      View Details
    • $216,000

      27.2 Acres Wooded Land

      27.2 acres of wooded land near I-68.
      11901 PRICE Road NE, LITTLE ORLEANS, MD 21766
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile land near I-68, ideal for agricultural pursuits.
    Where is this agricultural land / farmland located?
    The property is located at 33225 National Pike Northeast Little Orleans, MD.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 48+ acres of open land suitable for various agricultural uses.; Convenient location directly off Interstate 68 for easy commuting and transport.; Proximity to Green Ridge State Forest (46,000+ acres) for hunting, hiking, and recreation.
    (301) 988-5683
    We can help!
    Listing Contact
    Eric Paul Exline
    Eric Paul Exline
    Real Estate License ID: WVB260301176
    Learn More
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    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.

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