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    819 Md Rt. 3 Crofton, MD 21054
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    819 Md Rt. 3 Crofton, MD 21054

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    • Retail properties & Spaces
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 819 Md Rt. 3

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial land offering presents two prime pad sites totaling 1 to 2.5 acres in Gambrills, Maryland. Located at the signalized intersection of Route 3 and St. Stephens Church Road, this property boasts an enviable location with over 70,000 cars passing daily, ensuring high visibility and accessibility for any business. The larger pad, exceeding 2 acres, offers ample space for a substantial multi-story building (up to 20,000-30,000 square feet), while the smaller, approximately 0.8-acre pad is ideal for smaller retail or medical uses. Both sites are fully approved and currently undergoing grading, ready for immediate development. The C2 zoning permits a wide range of commercial uses, including restaurants, offices, and retail establishments. This property presents a unique opportunity to capitalize on the dense and growing Gambrills marketplace, situated near Waugh Chapel Village & Town Center. The asking price is $1,000,000 for EACH pad, with shared development costs to be determined. Ground leases or build-to-suit options are available. The property's APN is 020412890045143, and ownership is fee simple. This is a rare opportunity to secure a highly visible and strategically located commercial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6968
    Latitude
    39.0148

    Comparable in this City

    • Value Estimation by Request
      3.60 Acres

      877 Md-3

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      1.00 Acre

      844-848 Crain Hwy

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      749 Md-3

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      749 Md-3, Gambrills, MD 21054
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      30.60 Acres

      749 Md-3

      Land • 30.60 Acres
      749 Md-3, Gambrills, MD 21054
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      2.70 Acres

      813 Md-3

      Land • 2.70 Acres
      813 Md-3, Crofton, 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
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    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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      8,057 SF

      Prime Land Near Waugh Chapel

      Land suitable for retail, restaurant, commercial, or office development.
      813 Md Rt 3, 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.
      915 St Stephens Church Rd, Gambrills, MD 21054
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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
      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
      1074 Crain Hwy, 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
    • Contact for pricing

      Freestanding Retail or Office Space

      Proposed 6485 sq ft space available for sale or lease.
      2511 Evergreen Rd, Gambrills, MD 21054
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    • Contact for pricing
      1,817 SF

      Retail Space in Crofton Center

      Prime retail space with high visibility and ample parking.
      1166 Crain Hwy, Gambrills, MD 21054
      View Details
    • $23 SF/Yr

      Retail Space in Princess Center

      Retail space available in the lower level of a shopping center.
      1166 Crain Hwy, Gambrills, MD 21054
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    Crofton, 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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    819 Md Rt. 3, Crofton, MD, 21054
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