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1301 State St Delmar, MD 21875-2330

OFF-MARKET Retail space Google Maps
14,564 SF 1.74 ac lot Built 2006
Entity Owned ~ Est. High Equity
Estimated value (blended)
$7.00M
Range $6.30M – $7.69M (±10%)
Property ID US40-1257677

Property summary

AI-generated overview

This exceptional 14,564-square-foot retail and office property in Delmar, Maryland, presents a unique investment opportunity. Situated on a 1.74-acre lot at the signalized intersection of East State Street (Route 54) and Sussex Highway (Route 13), this property boasts unparalleled visibility with over 45,000 vehicles passing daily. The location benefits from three points of access, offering flexibility for future redevelopment. The building is currently entirely vacant, providing a blank canvas for a variety of uses, including executive office, medical office, pharmacy, or other retail ventures. Its strategic position on the Maryland-Delaware border ensures high traffic volume, further enhanced by the proximity to major national retailers such as Food Lion, Wawa, McDonald's, Verizon, Pet Valu, and AutoZone. The surrounding area demonstrates strong population growth, with 4,101 people within one mile, 10,215 within three miles, and 24,132 within five miles. Recent residential construction and a projected population increase of 1.11% through 2023 underscore the area's continued expansion and potential. The property's multiple access points and substantial size (14,564 square feet) allow for diverse tenant configurations or a single large-scale operation. Numerous new commercial developments in the vicinity further solidify this location as a thriving commercial hub. Three individual spaces ranging from 1,750 to 14,564 square feet are available for lease.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction CONCRETE
Total area 14,564 SF
Lot 1.74 ac (75,794 SF)
Zoning code C
APN 11-028306
UPID US40-1257677

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • (Bike/Boat/Book/etc) Store
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.47M
CAP Approach CAP
$4.72M
Comparable Approach Comparable
$3.61M
Blend (final) Blend
$7.00M

Owner & transaction history

since 2025
Last sale
$5.4M
5 recorded transactions
2025
$2.6M
2021
$5.4M
2012
$5.1M
2006
$1
1969
Price N/A

Zoning & alternative use

C · Delmar, MD
Top alternative use upside
Auto repair, garage $4.1M +57.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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