Retail Office
8640 Ocean Hwy Delmar, MD 21875
For Sale
Contact for pricing
Class retail/office building offers approximately 3,000 SF with frontage on U.S. Route 13.
Property Size3,000 SF
Price / SF$398.33
Days on Market80
Property Features for 8640 Ocean Hwy
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Listing Agency:
NAI Coastal
(443) 523-4539
Listed By:
Chris Davis · License #302826
(443) 523-4539
Source:
Moodyscre
Added: May 11
Changed: Jul 29
Last Checked: Jul 29 at 9:32AM
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 NAI Coastal
Investment Insights
Based on property information with market context.
This Class retail/office building offers approximately 3,000 square feet and is presented for sale as a multi-use commercial asset. The property is described as suitable for multiple commercial uses, supporting a range of operational options for qualified buyers.
The building features frontage on U.S. Route 13 at a lighted intersection. Its retail/office configuration provides a practical base for businesses seeking access to a major roadway corridor.
The offering is positioned as an investment opportunity and as an option for an expansion or new operator, reflecting its availability as a standalone commercial property.
The building features frontage on U.S. Route 13 at a lighted intersection. Its retail/office configuration provides a practical base for businesses seeking access to a major roadway corridor.
The offering is positioned as an investment opportunity and as an option for an expansion or new operator, reflecting its availability as a standalone commercial property.
Key Highlights
- Approximately 3,000 SF Class retail/office building for sale
- Frontage on U.S. Route 13 at a lighted intersection
- Suitable for multiple commercial uses
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.9k | $33.96 |
| − Vacancy | −$11.6k | −$3.85 |
| EGI | $90.3k | $30.11 |
| − OpEx | −$27.1k | −$9.03 |
| NOI | $63.2k | $21.08 |
3,000 SF · lease $33.96/SF/yr · vacancy 11.34% · expense 30.00%
Alternative Uses
Best Use
Retail
$903.3K
$790.4K – $1.05M
NOI $63,229 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,460 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Class retail/office building offers approximately 3,000 SF with frontage on U.S. Route 13.
Where is this retail space located?
The property is located at 8640 Ocean Hwy Delmar, MD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 3,000 SF Class retail/office building for sale; Frontage on U.S. Route 13 at a lighted intersection; Suitable for multiple commercial uses
