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    409 Fruitland Blvd Fruitland, MD 21826

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    Property profile & analytics

    409 Fruitland Blvd Fruitland, MD 21826

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    • Community centers
    • 31,266 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunkin' / Cafe & Coffee Shop
    • Walmart Curbside Testing / Medical Laboratory
    • Walmart2931 / Electronics Vending Machine
    • Southtowne Commons / Shopping Center & Mall
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 409 Fruitland Blvd

    Year built
    2000
    Property size
    31,266 SF
    Property type
    Community centers
    Property subtype
    Retail properties & Spaces

    Description

    Southtowne Commons, located at 409 N Fruitland Blvd in Fruitland, Maryland (zip code 21826), offers a compelling investment opportunity. This 31,266 square foot community center, built in 2000, boasts a Walmart Supercenter shadow anchor location, ensuring high visibility and consistent foot traffic. Situated on Business US Hwy 13, a major thoroughfare with an average daily traffic count of 19,412 vehicles, the center benefits from excellent accessibility and exposure. A signalized main entrance facilitates easy ingress and egress for both northbound and southbound traffic. The property includes 161 parking spaces for ample customer convenience. Current tenants include a diverse mix of established businesses such as Dollar Tree, Hunan Delight, The Shoe Dept., GameStop, and Cato. This well-established center presents a strong opportunity for investors seeking a stable, high-traffic retail location in Wicomico County, Maryland. The property's strategic location and established tenant base make it an attractive investment prospect with significant potential for future growth and returns. The center is easily accessible from both directions of the highway, providing optimal visibility and convenience for customers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.6104
    Latitude
    38.3282

    Comparable in this City

    • Value Estimation
      $7,890,000
      85,540 SF

      404 Fruitland Blvd

      MINI-MALL • 85,540 SF
      404 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Value Estimation
      $4,290,000
      31,200 SF

      411 Fruitland Blvd

      MINI-MALL • 31,200 SF
      411 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Value Estimation
      $775,000
      6,502 SF

      104 Cedar Ln

      SHOPPING CENTER, STRIP CENTER • 6,502 SF
      104 Cedar Ln, Fruitland, MD 21826-1753
      View Details
    • Value Estimation by Request
      2,000 SF

      107 Fruitland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      107 Fruitland Blvd, Fruitland, MD 21826-1718
      View Details
    • Value Estimation
      $875,000
      5,037 SF

      100 Cedar Ln

      RESTAURANT • 5,037 SF
      100 Cedar Ln, Fruitland, MD 21826-2017
      View Details
    • Value Estimation by Request
      11,200 SF

      416 Fruitland Blvd

      RESTAURANT • 11,200 SF
      416 Fruitland Blvd, Fruitland, MD 21826
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fruitland Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      104 Cedar Ln, Fruitland, MD 21826
      View Details
    • Contact for pricing
      4.78 Acres

      Fruitland Commercial Land & Buildings

      High-visibility land, warehouses available.
      225 Moonglow Rd, Fruitland, MD 21826
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    • Contact for pricing

      Land with Warehouse Buildings

      Land for sale or lease in Fruitland, Maryland.
      209 Moonglow Rd, Fruitland, MD 21826
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    • Contact for pricing

      Commercial Land for Sale

      Up to 4.78 acres available for sale or lease.
      225 Moonglow Rd, Fruitland, MD 21826
      View Details
    • $455,000
      2,274 SF

      Duplex in Strong Rental Market

      Two-unit duplex with strong rental income potential.
      227-229 North Brown St, Fruitland, MD 21826
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    • New
      $210,000
      14.00 Acres

      14 Acre Industrial Land Parcel

      14 acre industrial land parcel in Fruitland, Maryland.
      Old Eden Rd, Fruitland, MD 21826
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    Similar Nearby for Lease

    • Contact for pricing
      93,575 SF

      Fruitland Plaza Retail Center

      Prime Fruitland, MD retail space. Multiple suites available.
      206 Fruitland Blvd, Fruitland, MD 21826
      View Details
    • Contact for pricing

      Retail Space in Fruitland Plaza

      Retail space available in Fruitland Plaza Shopping Center.
      206 N Fruitland Blvd, Fruitland, MD 21826
      View Details
    • $2,000 /Mo

      300 S DIVISION St, Fruitland, MD 21826

      Auto shops
      300 S Division St, Fruitland, MD 21826
      View Details
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    Fruitland, MD 21826
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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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