Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vacant Land in Boonsboro, MD Title is generated by Realmo AI

    MILL POINT Road, Boonsboro, MD 21713

    View on Map
    Claim this Listing
    New
    Picture of Residential land & home lots at MILL POINT Road, Boonsboro, MD
    For Sale
    $55,000

    LAND - BOONSBORO, MD

    Lot size:
    0.46 Acres
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 29 at 12:06 pm

    Property Features for MILL POINT Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Annual Amount
    624

    We can help!

    Listing Contact
    Susie R Miller
    Susie R Miller

    Listing agent Susie R Miller License #308926

    Listing office The KW Collective 11000 Bower Avenue, HAGERSTOWN, MD

    Listing date May 27, 2026

    MLS# MDWA2037264 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Desirable Boonsboro location in Washington County.
    • Vacant .46‑acre parcel provides flexibility for building.
    • Potential for connection to public water.
    • Opportunity to purchase with neighboring home for expanded yard or development.
    • Close proximity to local amenities and commuter routes.
    • Offers a combination of small‑town and rural living.

    Overview

    This vacant 0.46-acre parcel is located in Boonsboro, Washington County, Maryland. The lot may be eligible for connection to public water and would require perc testing for septic system installation. It can be purchased separately or negotiated as part of the purchase of the neighboring home, offering possibilities for additional yard space, privacy, or future development. The property is conveniently located near local amenities, commuter routes, and downtown Boonsboro, offering a combination of small-town setting and rural living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Boonsboro
    County
    Washington
    State
    Maryland
    Longitude
    -77.6942113
    Latitude
    39.5235144

    Nearby Similar for Sale

    • $350,000

      Secluded Acres with Conservation Easement

      23.61 acres with conservation easement, well, and septic.
      21053 BOONSBORO MOUNTAIN Road, BOONSBORO, MD 21713
      View Details
    • $135,000

      2.76 Acre Wooded Parcel

      Wooded 2.76 acre parcel, perfect for building a dream home.
      18614 BREATHEDSVILLE Road, BOONSBORO, MD 21713
      View Details
    • Contact for pricing
      1,572 SF

      Retail Space in Boonsboro, MD

      Retail space available in Boonsboro, close to downtown.
      708 Chase Six Blvd, Boonsboro, MD 21713
      View Details
    • $2,390,000
      18,000 SF

      Commercial Land For Sale

      Commercial land available on Old National Pike.
      Lot 6- Old National Pike #Mdwa2032310 Comm Land, Boonsboro, MD 21713
      View Details
    • $585,000

      Commercial Land in Boonsboro, MD

      1.25-acre corner lot with future development potential.
      RINGLEY Drive, BOONSBORO, MD 21713
      View Details
    • $479,000

      Commercial Lot in Boonsboro, MD

      0.88-acre corner lot with future high-traffic potential.
      RINGLEY Drive, BOONSBORO, MD 21713
      View Details
    • $520,000

      Commercial Land Ready For Development

      Commercial land for sale or lease in growing Boonsboro.
      Lot 3 OLD NATIONAL PIKE, BOONSBORO, MD 21713
      View Details
    • $520,000

      Commercial Land in Growing Boonsboro

      Commercial land available for sale or lease in Boonsboro.
      Lot 3 Old National Pike, BOONSBORO, MD 21713
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.46-acre vacant parcel in Washington County, near local amenities.
    Where is this residential land & home lot located?
    The property is located at MILL POINT Road Boonsboro, MD.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Desirable Boonsboro location in Washington County.; Vacant .46‑acre parcel provides flexibility for building.; Potential for connection to public water.
    (240) 347-3221
    We can help!
    Listing Contact
    Susie R Miller
    Susie R Miller
    Real Estate License ID: 308926
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    MILL POINT Road, BOONSBORO, MD 21713
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!