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Property profile & analytics
OFF-MARKET
Commercial real estate

Ringley Dr Boonsboro, MD 21713

0.88 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.88-acre commercial lot in Boonsboro, MD, presents a unique investment opportunity. Situated on a corner, this property benefits from high visibility and accessibility. The lot 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 and significantly increasing traffic volume at the intersection directly in front of the property. The advertised price reflects a yearly ground lease rate of $4,600 per month, translating to $1.44 per square foot. This represents a compelling entry point into a rapidly developing area poised for significant growth. This is one of three available lots

Property profile
Verified
Property type Commercial real estate
Lot 0.88 ac (38,333 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
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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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