Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    67 Oak Rd Perryville, MD 21903

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    Fresh-water beach lot on the Chesapeake Bay with sandy beach.

    Type:Land or Vacant Lot
    Lot size:
    0.19 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    417
    Last Refresh:
    Apr 5 at 10:14 pm

    Property Features for 67 Oak Rd

    General Information

    Standard status
    Active
    Lot size
    0.19 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JONATHAN MINERICK
    JONATHAN MINERICK

    Listing agent JONATHAN MINERICK License #01523060

    Listing office HOMECOIN.COM

    Listing date Feb 27, 2025

    Source Corcoran

    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 HOMECOIN.COM

    Overview

    Rare Chesapeake Bay Beach Lot

    This is a rare fresh-water beach lot located at the top of the Chesapeake Bay, featuring a sandy beach. The property's location may result in occasional flooding and requires raised construction. Utility access is available at the street. There are two moorings currently in place. A pier can be planned for deeper water access. Boating to Annapolis is possible from this location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Electronics & Wireless Store Electrical Service Home Appliance Store Plumbing Service Arcade & Gaming Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perryville
    County
    Cecil
    State
    Maryland
    Longitude
    -76.0073
    Latitude
    39.5485

    Nearby Similar for Sale

    • $95,000

      Water-View Lot in Perryville, MD

      0.17 acre water-view lot, build your coastal retreat!
      82 CHERRY Lane, PERRYVILLE, MD 21903
      View Details
    • $79,900

      Water View Lot in Perryville

      Water view lot near Chesapeake Bay with public utilities.
      CHERRY Lane, PERRYVILLE, MD 21903
      View Details
    • $79,900

      Water View Lot in Perryville

      Water view lot near Chesapeake Bay with public utilities.
      CHERRY Lane, PERRYVILLE, MD 21903
      View Details
    • $279,000

      8.60 Acres Zoned Mixed-Use

      8.60 acres zoned for single family and mixed-use development.
      515 OTSEGO STREET, PERRYVILLE, MD 21903
      View Details
    • $399,000
      3,600 SF

      Commercially Zoned Property in Perryville

      Commercially-zoned property suitable for a variety of commercial uses.
      5264 Pulaski Hwy, Perryville, MD 21903
      View Details
    • $275,000

      Commercial Pad Site Ready

      Commercial pad site ready for retail, restaurant, office, medical.
      Pulaski Hwy, Perryville, MD
      View Details
    • $489,900

      Prime Commercial Lot in Perryville

      High-exposure commercial lot with frontage on Perryville Road and Aiken Avenue.
      1105 PERRYVILLE Road, PERRYVILLE, MD 21903
      View Details
    • $400,000

      Waterfront Lot on North East River

      Waterfront lot ready for a home with southern exposure.
      2 Greenbriar Road, Perryville, MD 21903
      View Details
    • $489,900

      Prime Commercial Lot on Perryville

      High-exposure commercial lot with frontage on Perryville Road.
      1105 Perryville Rd, PERRYVILLE, MD 21903
      View Details
    • $750,000

      Commercial Land on Pulaski Highway

      1.482 acres of commercially zoned land for sale/lease.
      5312 Pulaski Hwy, Perryville, MD
      View Details
    • $489,900

      Prime Commercial Lot on Perryville Road

      Commercial lot with high visibility and access on Perryville Road.
      1105 Perryville Road, Perryville, MD 21903
      View Details
    • $275,000

      Commercial Pad Site For Sale

      Commercial pad site suitable for retail, restaurant, office, or medical.
      Rte 40/Pulaski Hwy, Perryville, MD 21903
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Fresh-water beach lot on the Chesapeake Bay with sandy beach.
    Where is this waterfront land located?
    The property is located at 67 Oak Rd Perryville, MD.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Rare fresh‑water beach lot on the Chesapeake Bay.; Sandy beach as the front yard.; Shallow water ideal for children.
    (888) 400-2513
    We can help!
    Listing Contact
    JONATHAN MINERICK
    JONATHAN MINERICK
    Real Estate License ID: 01523060
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!