Standalone Restaurant
For Sale
$579,000
800 Pulaski Hwy, Havre de Grace, MD 21078
Second-generation restaurant property with corner positioning, on-site parking, and RB zoning in Havre de Grace.
Property Size2,400 SF
Price / SF$241.25
Days on Market12
Property Features for 800 Pulaski Hwy
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
15
Zoning
RB
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1994
Listing Agency:
Keller Williams Realty Centre
(410) 258-4136
Listed By:
Helen L Dellheim · License #MD 579141
Source:
Premierehomegroup
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 26 at 10:13AM
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 Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
This standalone, second-generation restaurant building contains 2,400 square feet and is positioned at the corner of Pulaski Highway and Ontario Street. The property is zoned RB and includes 15 parking spaces. Its existing restaurant configuration may also accommodate retail or service-oriented uses, as supported by the property information.
The site is approximately 10 minutes from I-95 and 3 miles from Bulle Rock Golf Course. The corner location provides exposure to more than 30,000 vehicles per day and places the building near multiple residential communities.
The site is approximately 10 minutes from I-95 and 3 miles from Bulle Rock Golf Course. The corner location provides exposure to more than 30,000 vehicles per day and places the building near multiple residential communities.
Key Highlights
- 2,400‑square‑foot standalone restaurant building
- Corner location at Pulaski Highway and Ontario Street
- Exposure to over 30,000 vehicles per day
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
$28,004
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
4.84%
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%
$560,080
$560.1K
Cap Rate 7%
$400,057
$400.1K
Cap Rate 9%
$311,156
$311.2K
Market Conditions
NOI Build-Up for 2,400 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
$38.3K $15.96/SF
− Vacancy
−$965 −$0.40/SF
EGI
$37.3K $15.56/SF
− OpEx
−$9.3K −$3.89/SF
NOI
$28.0K $11.67/SF
Area
Harford County, MD
Vacancy
2.52%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$560,080
Cap Rate 7%
$400,057
Cap Rate 9%
$311,156
Alternative Uses
Best Use
Specialty Retail
$400.1K
$350.1K – $466.7K
NOI $28,004 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.5K
$738.9K – $985.2K
NOI $59,112 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 27%
Shops & Services 25%
Electronics 1%
Weis Markets
Groceries
25,992 visits/mo
0.4 miles
McDonald's
Dining
24,941 visits/mo
0.1 miles
Royal Farms
Shops & Services
23,821 visits/mo
0.1 miles
Burger King
Dining
9,134 visits/mo
0.5 miles
Waffle House
Dining
6,071 visits/mo
0.1 miles
Demographics for 21078, MD
20,321
Population
8,760
Households
2.3
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
675
Density / Sq Mi
$109,451
Median Household Income
$53,942
Median Earnings
$1,331
Median Rent
$355,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant property with corner positioning, on-site parking, and RB zoning in Havre de Grace.
Where is this conventional restaurant located?
The property is located at 800 Pulaski Hwy Havre de Grace, MD.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2,400‑square‑foot standalone restaurant building; Corner location at Pulaski Highway and Ontario Street; Exposure to over 30,000 vehicles per day
