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    813 Md-3 Crofton, MD 21054
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    813 Md-3 Crofton, MD 21054

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    Property Details for 813 Md-3

    Property type
    Land

    Description

    This exceptional 2.7-acre commercial land parcel presents a unique investment opportunity in the thriving Gambrills, Maryland market. Located at 813 MD-3 in Anne Arundel County, zip code 21054, this single-tenant property offers significant potential for development. The site is designated for commercial use and is currently available for ground lease, subject to final approvals. Prospective buyers should be aware that participation in development costs will be required. The property's convenient location provides easy access to major transportation routes, ensuring high visibility and accessibility for any future development. With its substantial size and prime location within Anne Arundel County, this land offers a compelling opportunity for businesses seeking to establish a strong presence in a rapidly growing area. The property is zoned for commercial use, allowing for a wide range of development possibilities. Detailed site plans and zoning information are available upon request. This is an exceptional chance to acquire a significant commercial land parcel in a desirable location with strong growth potential. Serious inquiries only. The property is situated at latitude 39.0147986 and longitude -76.6967542. The address is officially listed as 813 MD-3, Gambrills, MD 21054.

    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
    -76.6968
    Latitude
    39.0148

    Comparable in this City

    • Value Estimation by Request
      30.60 Acres

      749 Md-3

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

      813 Md-3

      Land • 2.70 Acres
      813 Md-3, Crofton, MD 21054
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    • Value Estimation by Request
      3.60 Acres

      877 Md-3

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

      749 Md-3

      Land
      749 Md-3, Gambrills, MD 21054
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    • Value Estimation by Request
      8.70 Acres

      915 St Stephens Church Rd

      Land • 8.70 Acres
      915 St Stephens Church Rd, Gambrills, MD 21054
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    • Value Estimation by Request
      1.00 Acre

      844-848 Crain Hwy

      Land • 1.00 Acre
      844-848 Crain Hwy, Gambrills, MD 21054
      View Details

    Similar Nearby for Sale

    • $800,000

      2.86 Acres Land For Sale

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      Pending

      Development Opportunity in Anne Arundel

      2.45 acre property with development potential in Gambrills.
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      Gambrills Development Opportunity

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      Development Opportunity in Anne Arundel

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    • $1,250,000
      3,074 SF

      Gambrills Development Opportunity

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      1365 Defense Hwy, Gambrills, MD 21054
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad in Gambrills Gateway

      Retail pad for lease in a high-growth area.
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    • $32 SF/Yr
      7,000 SF

      Modern Office/Medical Space Available

      Improved office space near Waugh Chapel Towne Centre.
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      Flex/R&D Space in Gambrills

      Flex/R&D space near Waugh Chapel Towne Centre.
      980-987 Waugh Chapel Way, Gambrills, MD 21054
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      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
      1074 Crain Hwy, Gambrills, MD 21054
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    • Contact for pricing

      Freestanding Retail or Office Space

      Proposed 6485 sq ft space available for sale or lease.
      2511 Evergreen Rd, Gambrills, MD 21054
      View Details
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    813 Md-3
    Crofton, MD 21054
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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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