Mixed-Use Property with
For Sale
$459,000
4300 MAIN STREET, Grasonville, MD 21638
Two-level configuration pairs an occupied retail storefront with a vacant, recently renovated apartment and supporting service areas.
Property Size2,304 SF
Price / SF$199.22
Days on Market10
Property Features for 4300 MAIN STREET
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Commercial
Amenities
sunroom
large deck area
paved loading dock
walk-in coolers
workshop area
connex boxes
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Douglas Realty LLC
(410) 320-6000
Listed By:
Douglas G Kayhoe · License #302023
(410) 320-6000
Source:
Cummingsrealtors
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 2:32PM
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 Douglas Realty LLC
Investment Insights
Based on property information with market context.
This 2,304 SF mixed-use property combines a street-level retail operation with an upper-level residential apartment. The second floor includes a recently renovated 2+ bedroom, 1 full bath layout with tiled bathroom walls, a tub/shower combination, sunroom, and large deck. The retail level is currently occupied and includes a paved loading dock, three walk-in coolers without units, workshop space, and two connex boxes for storage.
The property is located across from the Post Office at 4300 Main Street in Grasonville, Maryland. Its configuration brings retail, storage, loading, workshop, and residential components together within a single 1984-built property.
The property is located across from the Post Office at 4300 Main Street in Grasonville, Maryland. Its configuration brings retail, storage, loading, workshop, and residential components together within a single 1984-built property.
Key Highlights
- 2,304 SF mixed‑use property at 4300 MAIN STREET, GRASONVILLE, MD 21638
- Main‑level retail store is currently occupied by a tenant
- Vacant recently renovated 2 + bedroom, 1 full bath second‑floor apartment
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
$32,610
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
7.10%
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%
$652,200
$652.2K
Cap Rate 7%
$465,857
$465.9K
Cap Rate 9%
$362,333
$362.3K
Market Conditions
NOI Build-Up for 2,304 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
$49.8K $21.60/SF
− Vacancy
−$3.2K −$1.38/SF
EGI
$46.6K $20.22/SF
− OpEx
−$14.0K −$6.07/SF
NOI
$32.6K $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%
$652,200
Cap Rate 7%
$465,857
Cap Rate 9%
$362,333
Alternative Uses
Best Use
Retail
$465.9K
$407.6K – $543.5K
NOI $32,610 @ 7.0% cap · market cap 7.10%
Second Best
Mixed Use
$399.9K
$349.9K – $466.6K
NOI $27,994 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$552.0K
$483.0K – $644.0K
NOI $38,638 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 21638, MD
5,058
Population
2,219
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
511
Density / Sq Mi
$130,804
Median Household Income
$60,981
Median Earnings
$1,630
Median Rent
$491,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration pairs an occupied retail storefront with a vacant, recently renovated apartment and supporting service areas.
Where is this mixed-use property located?
The property is located at 4300 MAIN STREET Grasonville, MD.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 2,304 SF mixed‑use property at 4300 MAIN STREET, GRASONVILLE, MD 21638; Main‑level retail store is currently occupied by a tenant; Vacant recently renovated 2 + bedroom, 1 full bath second‑floor apartment
