Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Md Rt 3 Crofton, MD 21054
    Back to Search
    Property profile & analytics

    Md Rt 3 Crofton, MD 21054

    View on Map
    • Land
    • 0.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Md Rt 3

    Lot size
    0.97 lot acres
    Property type
    Land

    Description

    This 0.97-acre commercial land parcel is strategically located on the west side of southbound Route 3 in Gambrills, Maryland, within Anne Arundel County (zip code 21054). Currently zoned C3 (General Commercial), this property offers a wide array of development possibilities. Its prime location ensures excellent visibility and accessibility for potential businesses. The existing zoning permits a broad range of commercial uses, making it an ideal site for a variety of developments. This property presents a unique opportunity for developers seeking a high-traffic location with significant potential for return on investment. Consider this parcel for a build-to-suit project or as a potential pad site for a new commercial venture. The asking price for this exceptional property is $900,000. Its location near Crofton further enhances its appeal and accessibility. The latitude and longitude coordinates are 39.014434 and -76.6971539 respectively. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6972
    Latitude
    39.0144

    Comparable in this City

    • Value Estimation by Request
      3.60 Acres

      877 Md-3

      Land • 3.60 Acres
      877 Md-3, Gambrills, MD 21054
      View Details
    • Value Estimation by Request

      749 Md-3

      Land
      749 Md-3, Gambrills, MD 21054
      View Details
    • Value Estimation by Request
      30.60 Acres

      749 Md-3

      Land • 30.60 Acres
      749 Md-3, Gambrills, MD 21054
      View Details
    • Value Estimation by Request
      2.70 Acres

      813 Md-3

      Land • 2.70 Acres
      813 Md-3, Crofton, MD 21054
      View Details
    • Value Estimation by Request
      1.00 Acre

      819 Md Rt. 3

      Land • 1.00 Acre
      819 Md Rt. 3, Crofton, MD 21054
      View Details
    • Value Estimation by Request
      21.70 Acres

      736 Md-3

      Land • 21.70 Acres
      736 Md-3, Gambrills, MD 21054
      View Details

    Similar Nearby for Sale

    • $800,000

      2.86 Acres Land For Sale

      2.86 acres of land available for purchase.
      2355 Davidsonville Rd, Gambrills, MD 21054
      View Details
    • Contact for pricing
      8,057 SF

      Prime Land Near Waugh Chapel

      Land suitable for retail, restaurant, commercial, or office development.
      813 Md Rt 3, Gambrills, MD 21054
      View Details
    • Contact for pricing
      Pending

      Development Opportunity in Anne Arundel

      2.45 acre property with development potential in Gambrills.
      1361 Defense Hwy, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Gambrills Development Opportunity

      Approved development and building permits for 75-unit assisted living.
      915 St Stephens Church Rd, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Development Opportunity in Anne Arundel

      Spacious home and expansive acreage in Anne Arundel County.
      1365 Defense Hwy, Gambrills, MD 21054
      View Details
    • $1,250,000
      3,074 SF

      Gambrills Development Opportunity

      Prime 2.61-Acre Site, Huge Potential
      1365 Defense Hwy, Gambrills, MD 21054
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad in Gambrills Gateway

      Retail pad for lease in a high-growth area.
      844-848 Crain Hwy, Gambrills, MD 21054
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
      1074 Crain Hwy, Gambrills, MD 21054
      View Details
    • $32 SF/Yr
      7,000 SF

      Modern Office/Medical Space Available

      Improved office space near Waugh Chapel Towne Centre.
      2391 Brandermill Blvd, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Flex/R&D Space in Gambrills

      Flex/R&D space near Waugh Chapel Towne Centre.
      980-987 Waugh Chapel Way, Gambrills, MD 21054
      View Details
    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.
    Md Rt 3
    Crofton, MD 21054
    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
    Md Rt 3, Crofton, MD, 21054
    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!