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    301 Crusader Rd Cambridge, MD 21613

    Sponsored
    For Sale
    $1,150,000

    Prime Retail Bank, High ROI Potential

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a multi-tenant retail property in Cambridge, Maryland, currently occupied by a strong regional bank. Located on 1.06 acres at 301 Crusader Rd, 21613, this 8,000 square foot building boasts 5,150 square feet of net rentable space, offering a compelling return. The property, built in 1986 and extensively renovated in 2021, features a desirable Corridor MixedUse zoning. The asking price is $1,150,000, representing a current cap rate of 3.49% and a pro-forma cap rate of 9.31%. The current NOI is $40,143, with a pro-forma NOI of $107,034. The property benefits from a prime location, just two minutes from historic downtown Cambridge and less than a minute from the newly developed Cambridge Marketplace, home to Starbucks, Chick-fil-A, and the University of Maryland Shore Medical Center. Recent improvements include landscaping, parking lot resurfacing, new HVAC units, and a complete interior remodel of the bank in 2021. The tenant, a well-established regional bank, provides a high credit tenant with a long-term lease (NNN) and a high barrier to entry, ensuring a stable and potentially lucrative investment for years to come. The property's strong location and recent upgrades make it an attractive investment opportunity with significant upside potential. The price per square foot is $143.75.

    Property Features for 301 Crusader Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built/Renovated
    1986/2021

    HighLights

    • Investment‑grade tenant with strong credit history.
    • Prime location in a high‑traffic area.
    • Excellent condition; attractive exterior and landscaping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Summit Community Bank Bank Benson and Mangold Real ... Real Estate Agent Melinda Madison, Benson ... Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0627151
    Latitude
    38.565275

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Bank, High ROI Potential
    Where is this individual retail property located?
    The property is located at 301 Crusader Rd Cambridge, MD.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Investment-grade tenant with strong credit history.; Prime location in a high-traffic area.; Excellent condition; attractive exterior and landscaping.
    Request Owner's contact information
    301 Crusader Rd Cambridge, MD 21613
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    Cambridge, MD 21613
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    Realmo Value Estimation

    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.

    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.

    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
    301 Crusader Rd Cambridge, MD 21613
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