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    Laser Dr Centreville, MD 21617

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    Laser Dr Centreville, MD 21617

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    • Lifestyle centers
    Off-Market
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Laser Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Centreville Shopping Center offers exceptional retail opportunities in the thriving Centreville, Maryland market. Currently under development, with anticipated completion in Spring/Summer 2025, this project boasts a total of 43,000 square feet of retail space. Three spaces are currently available for lease, ranging in size from 3,500 to 15,000 square feet, providing flexibility for various retail concepts. The center is strategically positioned to benefit from high visibility and convenient access. This development is already attracting strong anchor tenants, including Advance Auto Parts, Dairy Queen, and Verizon, creating a vibrant and attractive retail environment. The site plan approval is expected soon, signaling the imminent commencement of construction. This presents a unique opportunity for businesses to secure prime retail space in a rapidly developing shopping center, establishing a presence alongside established national brands. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces in Centreville, Maryland. The property type includes store front, shopping center, and fast food options. Multiple tenancies are available within the Centreville Shopping Center located in Queen Anne's County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.0758
    Latitude
    39.0294

    Comparable in this City

    • Value Estimation by Request
      22,866 SF

      615 Railroad Ave

      SHOPPING CENTER, STRIP CENTER • 22,866 SF
      615 Railroad Ave, Centreville, MD 21617-1144
      View Details
    • Value Estimation by Request
      10,000 SF

      300 Centreville Rd

      Retail properties & Spaces • 10,000 SF
      300 Centreville Rd, Centreville, MD 21617
      View Details
    • Value Estimation
      $885,000
      7,424 SF

      Coursevall Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 7,424 SF
      Coursevall Dr, Centreville, MD 21617
      View Details
    • Value Estimation
      $810,000
      9,232 SF

      545 Railroad Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,232 SF
      545 Railroad Ave, Centreville, MD 21617-1131
      View Details
    • Value Estimation by Request
      1,800 SF

      118 Commerce St

      RESTAURANT • 1,800 SF
      118 Commerce St, Centreville, MD 21617-1013
      View Details
    • Value Estimation by Request
      2,993 SF

      501 Church Hl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,993 SF
      501 Church Hl Rd, Centreville, MD 21617-1900
      View Details

    Similar Nearby for Sale

    • $169,900

      Land For Sale

      Land available for sale.
      262 White Marsh Rd, Centreville, MD 21617
      View Details
    • $169,900
      1.00 Acre

      Centreville Land in Historic Setting

      One-acre lot in Centreville, close to parks and amenities.
      266 White Marsh Rd, Centreville, MD 21617
      View Details
    • $55,000
      Pending

      Land Available in Centreville, MD

      Land for sale with sewer and water allocation potential.
      216 N Liberty St, Centreville, MD 21617
      View Details
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    Laser Dr
    Centreville, MD 21617
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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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