Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Perryman Rd Aberdeen, MD 21001

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime residential development opportunity. R-3 zoning, 78-unit concept plan.

    Property Features for 0 Perryman Rd

    General Information

    Property type
    Land
    Lot Size
    1,041,084 SF

    We can help!

    Listing Contact
    Naomi Brown, Ccim
    Naomi Brown, Ccim

    Listing Agency: Capstone Commercial Listing Agent: Naomi Brown, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 23.9-acre parcel in Aberdeen, Maryland, presents a rare residential development opportunity. Zoned R-3, it offers significant potential. A concept plan outlines a 78-unit apartment complex, though greater density may be achievable through senior housing or Planned Residential Development (PRD) initiatives, potentially utilizing mid-rise construction. Approximately 5 acres are suitable for building, with the remaining acreage featuring substantial tree coverage. Public utilities are readily accessible. The property's strategic location provides convenient access to Aberdeen, Route 40, I-95, local amenities, and major employers. The APN is 1302083825. This land is situated at Perryman Rd, Aberdeen, MD 21001, and is offered at $1,950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ferraro Foods of Maryland Distribution Center Cranberry United Methodist ... Church New German Performance Auto Repair Shop Perryman grocery ,deli ... (Bike/Boat/Book/etc) Store Packers Pallets Freight Service

    Map

    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.191458310644
    Latitude
    39.488024918378

    Nearby Similar for Sale

    • $2,000,000
      0.84 Acres

      Commercial Property with Development Potential

      Freestanding building with pad site and large rear parcel.
      614 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • $1,100,000

      Versatile Commercial Building in Aberdeen

      Spacious, renovated commercial building with flexible B2 zoning.
      102 N Rogers St, Aberdeen, MD 21001
      View Details
    • $349,000

      Bright Townhome with Modern Amenities

      Well-maintained townhome in Beech Creek with open concept living.
      1342 Millar Rd, Aberdeen, MD 21001
      View Details
    • $1,250,000
      7,044 SF

      Aberdeen Retail Space - Huge Potential

      7,044 sq ft commercial building, 1.16 acres, B2 zoning.
      102 Rogers St, Aberdeen, MD 21001
      View Details
    • $117,000

      Immaculate Doublewide Home with Upgrades

      Move-in ready three-bedroom, two-bath doublewide with updated features.
      207 Poclain Rd Rd, Aberdeen, MD 21001
      View Details
    • $900,000
      5,000 SF

      Aberdeen Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      119 Bel Air Ave, Aberdeen, MD 21001
      View Details
    • $299,000
      0.81 Acres

      Aberdeen Commercial Land Opportunity

      0.81-acre lot, prime location.
      1130 Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      0.14 Acres

      Aberdeen Office Building - 0.14 Acres

      Prime Aberdeen office space, ideal for small business.
      Aberdeen, MD 21001
      View Details
    • $99,900
      4.50 Acres

      Aberdeen Multi-Family Land Development

      20 Lots, Public Utilities, Build Your Community
      Battle Ave, Aberdeen, MD 21001
      View Details
    • $79,900

      Well-Maintained Mobile Home in Aberdeen

      Double wide mobile home with private yard and expansive deck.
      202 Garner Dr, Aberdeen, MD 21001
      View Details
    • $1,650,000
      3,289 SF

      Aberdeen Auto Shop Investment

      High-yield auto shop with pad site.
      614 Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      0.27 Acres

      Aberdeen Office Space: Prime Location

      Move-in ready office, high visibility, ample parking.
      4 Parke St, Aberdeen, MD 21001
      View Details

    FAQs

    What type of property is this?
    Land - Prime residential development opportunity. R-3 zoning, 78-unit concept plan.
    Where is this land located?
    The property is located at Perryman Rd Aberdeen, MD.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 23.9-acre residential land parcel.; R-3 residential zoning.
    (717) 819-2825 Call to check price and availability
    Request Owner's contact information
    Perryman Rd Aberdeen, MD 21001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Perryman Rd
    Aberdeen, MD 21001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Perryman Rd Aberdeen, MD 21001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Naomi Brown, Ccim
    Naomi Brown, Ccim
    Real Estate License ID: RM425406
    (717) 819-2825 (717) 757-7811
    Learn more
    Google sign-in failed. Please try again or use another login method.