Multi-Greenhouse Agricultural
For Sale
$1,490,000
5996 Augustine Herman Hwy, Cecilton, MD 21913
A 10.6-acre property with a fenced, secure storage yard and four heated/cooled greenhouses plus outbuildings.
Property Size6,450 SF
Lot Size10.60 Acres
Price / SF$231.01
Days on Market170
Property Features for 5996 Augustine Herman Hwy
General Information
Standard status
Active
Size
6,450 SF
Lot size
10.60 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
public restrooms
Listing Agency:
SB Real Estate
Listed By:
Jeff Sellers · License #RS0023229
(302) 275-5566
Source:
Sbrealtyco
Added: May 14
Changed: Oct 26
Last Checked: Oct 28 at 5:05AM
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 SB Real Estate
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Investment Insights
Based on property information with market context.
This 10.6-acre commercial/agricultural property is available immediately and includes a 5-acre fenced and secure storage yard. The facility features four large existing greenhouses that are heated and cooled, each with water connections, along with room for additional greenhouse structures. The leased/covered improvements also include seven additional outbuildings for flexible use.
The front building is approximately 4,500 square feet each for the greenhouses, supported by additional structures including a 550 SF walk-in cooler, a 200 SF break room building, a 350 SF restroom building, and 350 SF 3-shed buildings, plus other space described as totaling approximately 6,450 SF including greenhouses. The property has customer parking, very nice public restrooms, and a main entrance directly off Augustine Herman Hwy with gated access.
Utilities include a private well and septic system, with tankless hot water heaters noted on-site. The property also includes a highway entrance with gate and secured fenced yard space.
The front building is approximately 4,500 square feet each for the greenhouses, supported by additional structures including a 550 SF walk-in cooler, a 200 SF break room building, a 350 SF restroom building, and 350 SF 3-shed buildings, plus other space described as totaling approximately 6,450 SF including greenhouses. The property has customer parking, very nice public restrooms, and a main entrance directly off Augustine Herman Hwy with gated access.
Utilities include a private well and septic system, with tankless hot water heaters noted on-site. The property also includes a highway entrance with gate and secured fenced yard space.
Key Highlights
- 10.6‑acre commercial property with a 5‑acre fenced, secure storage yard available immediately
- Four existing greenhouses (heated/cooled), each 4,500 SF +/-, with water connections and space for additional greenhouses
- Front building includes a 550 SF walk‑in cooler, plus restroom and break room outbuildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,951
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,020
$1.7M
Cap Rate 7%
$1,227,871
$1.2M
Cap Rate 9%
$955,011
$955.0K
Market Conditions
NOI Build-Up for 6,450 SF
Gross rent
$130.8K $20.28/SF
− Vacancy
−$8.0K −$1.24/SF
EGI
$122.8K $19.04/SF
− OpEx
−$36.8K −$5.71/SF
NOI
$86.0K $13.33/SF
Area
Cecil County, MD
Vacancy
6.13%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,020
Cap Rate 7%
$1,227,871
Cap Rate 9%
$955,011
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,951 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,440 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 21913, MD
682
Population
409
Households
1.7
Avg Household Size
33
Median Age
29%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
568
Density / Sq Mi
$95,795
Median Household Income
$45,938
Median Earnings
$882
Median Rent
$233,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Farm - A 10.6-acre property with a fenced, secure storage yard and four heated/cooled greenhouses plus outbuildings.
Where is this farm located?
The property is located at 5996 Augustine Herman Hwy Cecilton, MD.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 10.6‑acre commercial property with a 5‑acre fenced, secure storage yard available immediately; Four existing greenhouses (heated/cooled), each 4,500 SF +/-, with water connections and space for additional greenhouses; Front building includes a 550 SF walk‑in cooler, plus restroom and break room outbuildings
