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    1262 Vocke Rd La Vale, MD 21502

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    For Sale
    Contact for pricing

    Former Bon-Ton, 74,241-90,097 SF

    Property size:
    74,241 SF

    Property Features for 1262 Vocke Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    74,241 SF

    We can help!

    Listing Contact
    Greg Jones
    Greg Jones

    Listing Agency: J.C. Bar Listing Agent: Greg Jones

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

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity presents a substantial storefront space, formerly occupied by Bon-Ton, within the Country Club Mall in La Vale, Maryland. Located at 1262 Vocke Rd, Cumberland, MD 21502, this property offers 74,241 to 90,097 square feet of space available for lease or sale under a NNN lease. The space is part of a thriving enclosed regional mall, the only one within a 65-mile radius, attracting shoppers from Maryland, Pennsylvania, and West Virginia. The mall boasts four anchor tenants and 58 stores, ensuring high foot traffic and visibility. The property benefits from excellent access and visibility from State Route 53 and Vocke Road, with high average annual daily traffic counts of 14,283 and 14,575 respectively. The 46.43-acre site is strategically positioned near restaurants, hotels, and other commercial establishments, offering a strong supporting business environment. The property's location less than 10 miles from the Maryland/Pennsylvania state border further enhances its regional appeal. This is a rare opportunity to acquire a significant retail presence in a dominant regional shopping center. The total gross leasable area of the mall is approximately 594,069 square feet. This prime location offers exceptional potential for a variety of retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T.J. Maxx Clothing & Fashion Store American Eagle Clothing Store Maurices Clothing & Fashion Store Country Club Mall Shopping Center & Mall CELL FIX Mobile Phone Store

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vale
    County
    Allegany
    State
    Maryland
    Longitude
    -78.833284856524
    Latitude
    39.626167638968

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      National Hwy Mixed-Use Property

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    FAQs

    What type of property is this?
    Individual retail property - Former Bon-Ton, 74,241-90,097 SF
    Where is this individual retail property located?
    The property is located at 1262 Vocke Rd La Vale, MD.
    What are key features of this property?
    This property features: Only enclosed regional mall within a 65-mile radius.; ±74,241 - 90,097 SF former Bon-Ton space available for sale or lease.; ±90,000 SF department store space; 4-year lease remaining.
    (610) 234-6491 Call to check price and availability
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    1262 Vocke Rd La Vale, MD 21502
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    La Vale, MD 21502
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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
    1262 Vocke Rd La Vale, MD 21502
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Jones
    Greg Jones
    Real Estate License ID: RM424833
    (610) 234-6491 (484) 948-5217 (717) 761-7801
    Learn more
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