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Property profile & analytics
OFF-MARKET
Specialty properties

24503 Riv Rd Westernport, MD 21562

0.72 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses three parcels: 24503 River Road, 24505 River Road, and a portion of First Street, totaling 0.72 acres in Westernport, Maryland (zip code 21562). The property boasts a diverse range of structures, including an office unit, a substantial three-bay metal garage, and a gas station building with additional garage space. Many of the storage units are constructed of metal, with several built of wood. A recent survey has been completed for the property. The property's strategic location on a busy highway ensures high visibility and accessibility. Currently, the property generates a gross rent of $9,360 annually. However, the three-bay garage and gas station building are not currently leased, presenting a significant opportunity to increase rental income. The asking price for this multifaceted property is $199,900. This presents a unique chance to acquire a well-situated commercial property with substantial potential for growth and return on investment. The property is classified as Special Purpose Land.

Property profile
Verified
Property type Specialty properties
Lot 0.72 ac (31,363 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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