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    37720 Rd Chaptico, MD 20621

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    37720 Rd Chaptico, MD 20621

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    • Investment properties
    • 29.52 lot acres
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    Property Details for 37720 Rd

    Year built
    1976
    Lot size
    29.52 lot acres
    Property type
    Investment properties

    Description

    Cusic's Mechanic & Towing, a well-established business operating for 51 years in Chaptico, MD, is available for purchase. This turnkey operation includes a substantial inventory of assets, making it an ideal opportunity for an experienced entrepreneur or investor. The business currently focuses primarily on towing services, holding established contracts with the Maryland State Police and St. Mary's County Sheriff's office. The sale includes a fleet of ten towing and transportation trucks, varying in size and capability, along with five trailers of diverse designs and sizes. Beyond the towing operation, a fully equipped mechanic's shop is included, complete with tools, equipment, vehicle lifts, and an extensive array of parts for cars, trucks, and antique vehicles. The parts department is exceptionally large and well-stocked. Additional equipment includes forklifts, air compressors, rollers, and a grader. The business also benefits from a substantial amount of existing shop furniture, fixtures, and equipment, such as hardware, racks, shelving, tool cabinets, and service counters. All equipment and assets are reported to be well-maintained. The property itself is listed separately, but the owner is open to offers for the combined purchase of both the business and the real estate. This presents a unique opportunity to acquire a long-standing, profitable business with significant assets on a substantial 29.52-acre lot. The asking price for the business is $1,395,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chaptico
    County
    SAINT MARYS
    State
    Maryland
    Longitude
    -76.8022
    Latitude
    38.3351

    Comparable in this City

    • Value Estimation
      $750,000
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      CONVENIENCE STORE • 7,256 SF
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    • Value Estimation by Request
      1,418 SF

      24300 Ivy Ln

      CHARITABLE ORGANIZATION • 1,418 SF
      24300 Ivy Ln, Chaptico, MD 20621-2229
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    • Value Estimation by Request
      3,636 SF

      37501 Zach Fowler Rd

      CHARITABLE ORGANIZATION • 3,636 SF
      37501 Zach Fowler Rd, Chaptico, MD 20621-2032
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    • Value Estimation by Request
      2,100 SF

      37720 Mnr Rd

      AUTO REPAIR, GARAGE • 2,100 SF
      37720 Mnr Rd, Chaptico, MD 20621-2017
      View Details
    • Value Estimation
      $600,000
      2,312 SF

      25731 Budds Crk Rd

      CONVENIENCE STORE • 2,312 SF
      25731 Budds Crk Rd, Chaptico, MD 20621-2343
      View Details

    Similar Nearby for Sale

    • $45,000
      0.23 Acres

      Cleared Lot Near Wicomico River

      Residential lot near private pier with boating and fishing access.
      36685 Owens Dr, Chaptico, MD 20621
      View Details
    • New
      $299,000
      31.30 Acres

      31.3 Acres of Land, Chaptico

      31.3 acres of land for sale in Chaptico, Maryland.
      Mechanicsville Rd, Chaptico, MD 20621
      View Details
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    37720 Rd
    Chaptico, MD 20621
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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
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