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    8999 OCEAN Hwy A1 Delmar, MD 21875

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    For Lease
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    Renovated showroom/office with warehouse space and high traffic visibility.

    Type:Commercial
    Property size:
    9,500 SF
    Added:
    Apr 15, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 14 at 6:33 am

    Property Features for 8999 OCEAN Hwy A1

    General Information

    Standard status
    Active
    Size
    9,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Kelly Jeter
    Kelly Jeter

    Listing agent Kelly Jeter License #666318

    Listing office SVN/Miller Commercial Real Estate

    Listing date Apr 15, 2026

    Source Elliman

    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 SVN/Miller Commercial Real Estate

    Overview

    Route 13 Frontage Showroom/Warehouse

    This property features 5,000 square feet of newly renovated showroom and office space, which includes offices, a conference room, and a kitchenette. An overhead door provides access to the showroom. Immediately behind the showroom is 4,500 square feet of warehouse space with one grade-level overhead door. The total available space is 9,500 square feet. Approximately 28 parking spaces are dedicated to this unit. The property benefits from direct frontage on Route 13, offering visibility and signage opportunities. Average traffic counts range from 35,000 to 41,000 vehicles per day. The current tenant is relocating and plans to vacate the premises by the end of May, with availability in June 2026. The lease structure is modified net, with the tenant responsible for their pro rata share of taxes. The property is located on Ocean Highway, also known as Route 13.
    Location Intelligence

    Current Use by Public Records

    All Mobility Store Production Facility Clear View Enterprises, ... Distribution Center Bo Daddy's Diesel ... Auto Repair Shop Wise Snacks of Delmarva Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.561645
    Latitude
    38.439923

    Nearby Similar for Lease

    • Contact for pricing

      Delmar Retail/Showroom & Warehouse Space

      Renovated showroom, office, and warehouse space available for lease.
      8999 OCEAN Highway, DELMAR, MD 21875
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent on Connelly Mill Road, Delmar, MD.
      29655 Connelly Mill Rd #1, Delmar, MD 21875
      View Details
    • $5/mo

      Warehouse with Route 13 Frontage

      Warehouse with office and mezzanine space available for lease.
      9172 Ocean Hwy, Delmar, MD
      View Details

    FAQs

    What type of property is this?
    Showroom - Renovated showroom/office with warehouse space and high traffic visibility.
    Where is this showroom located?
    The property is located at 8999 OCEAN Hwy A1 Delmar, MD.
    What are key features of this property?
    This property features: High visibility location with direct frontage on Route 13.; High traffic counts: 35,000 - 41,000 vehicles per day.; 9,500 SF total space: a **5,000 SF renovated showroom/office and 4,500 SF warehouse**.
    (410) 543-2440
    We can help!
    Listing Contact
    Kelly Jeter
    Kelly Jeter
    Real Estate License ID: 666318
    Learn More
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    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
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