Building Details

Year Built 1986

Listing Agency: Long & Foster Real Estate, Inc.

Listed By: Doug Macy · License #16665 Show Phone

Source: Baltimoreharfordhomesforsale

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 2:17PM

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Investment Insights

Based on property information with market context.

The 3,535-square-foot restaurant building was constructed in 1986 and includes drive-through service. It has operated as a KFC restaurant since that year. The property is located at 506 Springdale St in Cumberland, Maryland.

Traffic counts are provided for 2016 through 2024, with separate AADT and Monday–Friday AAWDT figures. In 2024, those counts were 14,880 and 15,620, respectively; in 2023, they were 14,731 and 15,621.

Key Highlights

• 3,535‑square‑foot restaurant building with drive‑through service
• Built in 1986; operated as a KFC restaurant since 1986
• 2024 traffic: AADT 14,880; Monday–Friday AAWDT 15,620

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,390

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,607,800 $1.6M

Cap Rate 7%

$1,148,429 $1.1M

Cap Rate 9%

$893,222 $893.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,535 SF

Gross rent

$120.9K $34.20/SF

− Vacancy

−$13.7K −$3.88/SF

EGI

$107.2K $30.32/SF

− OpEx

−$26.8K −$7.58/SF

NOI

$80.4K $22.74/SF

Area

Allegany County, MD

Vacancy

11.34%

Lease Rate

$34.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,607,800

Cap Rate 7%

$1,148,429

Cap Rate 9%

$893,222

Alternative Uses

Best Use

Specialty Retail

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,390 @ 7.0% cap · market cap 8.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,767 @ 7.0% cap · market cap 9.22%

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

Property Analytics

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Current Use

KFC Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Kitchen & Bath Showroom Barber Shop

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

Lease Details

14,880 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

427

Businesses Nearby

62k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 83% Dining 16%

Sheetz Shops & Services

33,428 visits/mo 0.0 miles

Dollar Tree Shops & Services

15,593 visits/mo 0.1 miles

Little Caesars Pizza Dining

5,592 visits/mo 0.1 miles

KFC Dining

4,499 visits/mo 0.1 miles

Advance Auto Parts Shops & Services

2,679 visits/mo 0.2 miles

Demographics for 21502, MD

41,153

Population

19,562

Households

2.1

Avg Household Size

44

Median Age

20%

College-Educated

89%

High-School Grad

92.1 sq mi

ZIP Area

447

Density / Sq Mi

$58,721

Median Household Income

$39,507

Median Earnings

$771

Median Rent

$151,400

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - The restaurant property includes drive-through service and has a history of KFC operation dating to 1986.

Where is this drive through restaurant located?

The property is located at 506 Springdale St Cumberland, MD.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 3,535‑square‑foot restaurant building with drive‑through service; Built in 1986; operated as a KFC restaurant since 1986; 2024 traffic: AADT 14,880; Monday–Friday AAWDT 15,620