Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    23 Acres in Calvert County Title is generated by Realmo AI

    7640 Southern Maryland Blvd, Owings, MD 20736

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $465,000

    23+ acre property with pole barn in a rural setting.

    Added:
    Jun 5, 2025
    Days on Market:
    351
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 7640 Southern Maryland Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JOSEPH S. CIGANEK

    Listing agent JOSEPH S. CIGANEK License #5005876

    Listing office COLDWELL BANKER CHESAPEAKE REAL ESTATE COMPANY

    Listing date Jun 5, 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 COLDWELL BANKER CHESAPEAKE REAL ESTATE COMPANY

    HighLights

    • 23+ acre property offers a private rural setting.
    • Convenient access to D.C., Annapolis, and Andrews Air Force Base.
    • Recently built 40' x 70' two‑level metal pole barn.
    • Combination of rolling farmland and dense wooded areas.
    • Farm and Forest District Zoning allows some commercial uses.
    • Ideal for agricultural operations.

    Overview

    This property offers over 23 acres in northern Calvert County, presenting a blend of rural privacy and accessibility to D.C., Annapolis, and Andrews Air Force Base. The land features rolling farmland bordering dense wooded areas, creating a setting suitable for a homestead. A recently constructed 40' x 70' two-level metal pole barn is present on the property, currently utilized for farm equipment storage with potential for upgrades. The property is zoned Farm and Forest District, which allows for some commercial uses and is currently used only for agricultural operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings
    County
    Calvert
    State
    Maryland
    Longitude
    -76.64
    Latitude
    38.6846

    Nearby Similar for Sale

    • $700,000
      2,400 SF

      High-Visibility Commercial Building For Sale

      2,400 SF commercial building with high traffic exposure.
      2020 CHANEYVILLE Rd, Owings, MD 20736
      View Details
    • $1,500,000
      6,272 SF

      Renovated Multi-Family Property on Acreage

      Spacious, renovated multi-family property on 9.65 acres in Owings, MD.
      7290 SOUTHERN MARYLAND Boulevard, OWINGS, MD 20736
      View Details
    • $700,000

      Operating Winery in Calvert County

      Charming winery with tasting room, event space, and commercial kitchen.
      3485 CHANEYVILLE ROAD, OWINGS, MD 20736
      View Details
    • Contact for pricing
      4,006 SF

      Freestanding Building on Major Roadway

      4,006 SF building on 0.83 AC land for sale.
      137 Chesapeake Beach Road, Owings, MD, 20736
      View Details
    • $25,000

      Land in Owings Area

      Land lot in Owings, close to Chesapeake Beach.
      890 Stevens Rd, OWINGS, MD 20736
      View Details
    • $110,000

      One Acre Lot in Owings

      One acre lot to build your dream home.
      270 SKINNERS TURN Road, OWINGS, MD 20736
      View Details
    • $199,000
      600 SF

      Two-Story Tavern/Restaurant For Sale

      Two-story tavern/restaurant with a deck and ample parking.
      1232 E MOUNT HARMONY ROAD, OWINGS, MD 20736
      View Details
    • $25,000

      Land

      890 STEVENS Rd, Owings, MD 20736
      View Details
    • $45,000

      Land in Owings, Maryland

      Land for sale in Owings, MD, near Chesapeake Beach.
      8741 Paris Pines Ct, OWINGS, MD 20736
      View Details

    FAQs

    What type of property is this?
    Agricultural property - 23+ acre property with pole barn in a rural setting.
    Where is this agricultural property located?
    The property is located at 7640 Southern Maryland Blvd Owings, MD.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: 23+ acre property offers a private rural setting.; Convenient access to D.C., Annapolis, and Andrews Air Force Base.; **Recently built 40' x 70' two‑level metal pole barn.**
    (410) 708-3924
    We can help!
    Listing Contact
    JOSEPH S. CIGANEK
    Real Estate License ID: 5005876
    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

    Thank You for Inquiry
    7640 Southern Maryland Blvd, OWINGS, MD 20736
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!