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Property profile & analytics
OFF-MARKET
Commercial real estate

Ringley Dr Boonsboro, MD 21713

1.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.76-acre commercial lot in Boonsboro, MD, presents a unique investment opportunity. Situated on a corner, this property benefits from high visibility and accessibility. The land is zoned for commercial use and is ideally positioned to capitalize on the anticipated increase in traffic flow resulting from the approved extension of Chase Six Boulevard. This extension will connect Route 66 to an alternate Route 40, creating a highly desirable bypass. The resulting high-traffic intersection directly in front of the lot will significantly enhance its commercial viability. This is Lot 3 of three available lots, offering a ground lease at a yearly rate of $9,300 per month, translating to $1.44 per square foot. The property's strategic location and the impending infrastructure improvements make it an attractive prospect for businesses seeking high visibility and convenient access to major transportation routes. This is a rare chance to secure a prime commercial location before the significant traffic increase associated with the Chase Six Boulevard extension. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile
Verified
Property type Commercial real estate
Lot 1.76 ac (76,666 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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