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    3944 3946 & 3935 OYSTER HOUSE Rd Broomes Island, MD 20615

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    For Sale
    $1,900,000

    Waterfront destination with restaurant, marina, venue, and residential properties.

    Type:Commercial
    Property size:
    6,208 SF
    Lot size:
    3.00 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 26 at 12:55 am

    Property Features for 3944 3946 & 3935 OYSTER HOUSE Rd

    General Information

    Standard status
    Active
    Size
    6,208 SF
    Lot size
    3.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Thomas F. McKay

    Listing agent Thomas F. McKay License ##5015207

    Listing office BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY

    Listing date Apr 26, 2026

    Source Elliman

    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 BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY

    Overview

    Broomes Island Waterfront Investment

    Located in Broomes Island, this investment opportunity features a waterfront destination embodying the Chesapeake lifestyle. The property spans over 3 acres across three separate tax parcels, overlooking the Patuxent River and Island Creek, minutes from the Chesapeake Bay and the D.C. market. The centerpiece, located at 3944 Oyster House Road, includes a 6,208 square foot full-service restaurant and a 28-slip marina. The restaurant accommodates approximately 300 guests across multiple dining levels, including a loft and waterfront decks, and features an outdoor boat bar, extensive kitchen facilities with outdoor cold storage, and a large adjoining parking lot. All furniture, fixtures, and equipment are included in the sale. The property at 3946 Oyster House Road is a 1.39-acre waterfront commercial lot improved by a 5,000 square foot tented venue designed for events and parties, supported by a dedicated storage and cooking building. Complementing the commercial assets are two residential properties: the fully furnished Broomes Island Inn, a two-story Bed & Breakfast with 4 bedrooms and dual kitchens/laundry facilities, and 3935 Oyster House Road, a furnished two-unit waterview home on a corner lot. This property offers potential for diverse revenue streams and a dominant position in the local maritime landscape.
    Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Accounting Firm Furniture & Home Goods Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomes Island
    County
    Calvert
    State
    Maryland
    Longitude
    -76.5457353
    Latitude
    38.4128503

    Nearby Similar for Sale

    • $1,900,000

      Waterfront Mixed-Use Investment Opportunity

      Waterfront mixed-use property with restaurant, bar, marina, and residences.
      3944 OYSTER HOUSE Rd, Broomes Island, MD 20615
      View Details
    • $2,850,000
      16,408 SF

      Waterfront Mixed-Use Income Property

      Waterfront property with restaurant, bar, marina, and residential units.
      3935, 3944 & 3946 Oyster House Road, Broomes Island, MD 20615
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Waterfront destination with restaurant, marina, venue, and residential properties.
    Where is this bed & breakfast located?
    The property is located at 3944 3946 & 3935 OYSTER HOUSE Rd Broomes Island, MD.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Waterfront destination with a 6,208 +\/- SF full‑service restaurant and 28‑slip marina on over 3 acres.; Multiple income streams from restaurant, marina, event venue, and residential properties.; **5,000 +\/- SF tented venue designed for high‑end events and parties.**
    (240) 298-3896
    We can help!
    Listing Contact
    Thomas F. McKay
    Real Estate License ID: #5015207
    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.

    More about this property
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