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    & MD State Rt. 3 Davidsonville Rd Gambrills, MD 21114

    • Retail properties
    • 252,230 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for & MD State Rt. 3 Davidsonville Rd

    Property size
    252,230 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located at Crofton Centre, situated at the intersection of Davidsonville Rd. and MD State Route 3 in Gambrills, Anne Arundel County, Maryland, zip code 21114. The property, identified as Crofton Centre, offers a total of 252,230 square feet of retail space. Currently, there is one available space totaling 6,035 square feet, perfect for a variety of retail uses. The property's strategic location provides excellent visibility and accessibility, benefiting from high traffic counts along major roadways. This multi-tenant building presents a chance to establish a presence in a thriving commercial area. The property is classified as commercial retail space within Anne Arundel County. The precise latitude and longitude coordinates are 38.9845527, -76.6691453. This 6,035 square foot space is immediately available for lease and represents a significant opportunity for businesses seeking a prominent location in a busy retail center. The property's size and location make it ideal for a variety of retail concepts. Interested parties are encouraged to inquire further to explore the possibilities this space offers. This is a multi-tenant property, offering a vibrant and established retail environment. The property is located in a high-traffic area, ensuring maximum exposure for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6691
    Latitude
    38.9846

    Comparable in this City

    • Value Estimation by Request

      2205 C Defense Hwy

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      1667 Crofton Ctr

      Lifestyle centers • 7,100 SF
      1667 Crofton Ctr, Crofton, MD 21114
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    • Value Estimation
      $560,000
      3,452 SF

      1149 Md Rt 3rd 3

      RESTAURANT • 3,452 SF
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    • Value Estimation
      $695,000
      3,040 SF

      1268 Cronson Blvd

      AUTO REPAIR, GARAGE • 3,040 SF
      1268 Cronson Blvd, Crofton, MD 21114-2068
      View Details
    • Value Estimation
      $1,020,000
      6,229 SF

      2046 Davidsonville Rd

      SHOPPING CENTER, STRIP CENTER • 6,229 SF
      2046 Davidsonville Rd, Crofton, MD 21114-1346
      View Details
    • Value Estimation
      $645,000
      2,558 SF

      1678 Vlg Grn

      RESTAURANT • 2,558 SF
      1678 Vlg Grn, Crofton, MD 21114-2014
      View Details

    Similar Nearby for Sale

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      4,447 SF

      Crofton Restaurant/Bar - For Sale

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      Crofton Retail Space - Prime Location

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    Similar Nearby for Lease

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      Crofton Drive-Thru Retail Space

      Prime Crofton location, 2,000 SF available.
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      252,230 SF

      Crofton Centre Retail Space Available

      Prime Retail Space in Gambrills, MD
      & MD State Rt. 3 Davidsonville Rd, Gambrills, MD 21114
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      Priest Bridge Center Retail Space

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      Retail space available at a highly trafficked intersection in Crofton.
      1663-1659 Crofton Ctr, Crofton, MD 21114
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    Gambrills, MD 21114
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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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