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    736 Md-3 Gambrills, MD 21054
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    Property profile & analytics

    736 Md-3 Gambrills, MD 21054

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    • Land
    • 21.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 736 Md-3

    Lot size
    21.70 lot acres
    Property type
    Land

    Description

    This exceptional 21.7-acre property in Gambrills, Maryland, presents a rare investment opportunity. Strategically located at the corner of MD Rt 3 S and McKnew Rd, the land boasts significant frontage (approximately 1400 feet) on MD Rt 3 S. The property is uniquely zoned dual-use, offering both commercial (C3) and residential (R5) potential. Approximately 10.704 acres are zoned C3, ideal for retail, office, service businesses, or pad sites. The remaining approximately 11.05 acres are zoned R5, allowing for a variety of residential developments. Potential uses include townhouses (with possible density for approximately 100 units), assisted living facilities, or single-family homes. Adding to its appeal, the property includes two existing residential rental properties, providing immediate income potential. This large tract presents a unique chance to develop a mixed-use project in a high-demand area of Anne Arundel County, Maryland, with easy access to major roadways and amenities. The property's location in Gambrills, zip code 21054, offers excellent visibility and accessibility. This is a truly exceptional opportunity for developers and investors seeking a substantial land holding with diverse development possibilities. The property is situated in Anne Arundel County and offers a blend of commercial and residential zoning, making it a versatile and attractive investment.

    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
    -76.6634
    Latitude
    39.0513

    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
      0.97 Acres

      Md Rt 3

      Land • 0.97 Acres
      0 Md Rt 3, Crofton, MD 21054
      View Details
    • Value Estimation by Request
      1.00 Acre

      819 Md Rt. 3

      Land • 1.00 Acre
      819 Md Rt. 3, Crofton, MD 21054
      View Details

    Similar Nearby for Sale

    • $800,000

      2.86 Acres Land For Sale

      2.86 acres of land available for purchase.
      2355 Davidsonville Rd, Gambrills, MD 21054
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      Pending

      Development Opportunity in Anne Arundel

      2.45 acre property with development potential in Gambrills.
      1361 Defense Hwy, Gambrills, MD 21054
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      Gambrills Development Opportunity

      Approved development and building permits for 75-unit assisted living.
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      Development Opportunity in Anne Arundel

      Spacious home and expansive acreage in Anne Arundel County.
      1365 Defense Hwy, Gambrills, MD 21054
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    • $1,250,000
      3,074 SF

      Gambrills Development Opportunity

      Prime 2.61-Acre Site, Huge Potential
      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.
      844-848 Crain Hwy, Gambrills, MD 21054
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    • Contact for pricing
      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
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    • $32 SF/Yr
      7,000 SF

      Modern Office/Medical Space Available

      Improved office space near Waugh Chapel Towne Centre.
      2391 Brandermill Blvd, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Flex/R&D Space in Gambrills

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