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Property profile & analytics
OFF-MARKET
Multifamily properties

24503 Riv Rd Westernport, MD 21562

3,801 SF 0.18 ac lot Built 2000
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity in Westernport, MD, encompasses three properties: 24503 River Road, 24505 River Road, and a parcel on First Street, totaling 3,801 square feet on a 0.18-acre lot. The property's prime location on a busy highway ensures high visibility and accessibility. The complex includes a versatile office unit, a substantial three-bay metal garage, and a former gas station building with additional garage space. This presents a unique blend of commercial and potential residential uses. A recent survey has been completed for the property. The existing storage units are a mix of metal and wood construction. Currently, the property generates a gross annual rental income of $9,360. Note that the three-bay garage and the former gas station building are not currently rented, offering significant upside potential for increased revenue through lease agreements. This presents a rare chance to acquire a well-situated multi-family property with substantial additional space ideal for various commercial ventures. The property's diverse offerings and strategic location make it an attractive investment prospect with considerable growth potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Multifamily properties
Year built 2000
Total area 3,801 SF
Lot 0.18 ac (7,841 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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