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Property profile & analytics

21062 Dover Bridge Rd Preston, MD 21655

  • Commercial real estate
  • 1,328 SF
  • 4.89 lot acres
Value Estimation
Last Sale
May 14, 2025
$185,000
Location Intelligence
Property ID
US40-0585777
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 21062 Dover Bridge Rd

Year built
1932
Construction
BRICK
Lot size
4.89 lot acres
Property size
1,328 SF
Zone code
VC
Property type
Commercial real estate
APN
04-002342
APU
4002342

Description

This exceptional 4.89-acre parcel at 21062 Dover Bridge Road in Preston, Maryland, presents a remarkable investment opportunity. Located on a corner lot of a high-traffic highway, this property boasts a prime location just over five miles from Easton, MD, making it easily accessible to a large customer base. The site previously housed a gas station and convenience store, but the existing building has been removed. All underground storage tanks have been removed in accordance with EPA regulations. The property features an existing well and septic system, significantly streamlining the development process. Village Center zoning allows for a wide range of commercial uses, making this an ideal location for entrepreneurs seeking a high-visibility site. Importantly, much of the permitting process for new construction and business operation is already complete, saving significant time and expense for the future owner. This property sits on the main route connecting Lower Delaware to Easton and the Mid-Shore region, ensuring high visibility and consistent traffic flow. This is a rare opportunity to acquire a ready-to-develop site in a thriving area with minimal permitting hurdles remaining. The almost five acres provide ample space for a variety of commercial ventures.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $125,000
  • CAP approach

    CAP return
    Estimation
    6%
    $150,000
    6.5%
    $145,000
    7%
    $145,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $140,000
    Geo Method
    $155,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $150,000
    Retail
    $130,000
    Mixed-Use
    $140,000
    Hospitality
    $155,000
    Educational
    $145,000
    Residential Income
    $135,000
    Energy
    $170,000
    Income-Based Land
    $165,000
    Food Service
    $160,000

Location Insight

  • Map
  • Local Demand
City
Preston
County
Caroline
State
Maryland
Longitude
-75.9786
Latitude
38.7514

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,417
$129,800
$0.00
$129,800
-
$129,800
$0.00
$129,800
More about this property
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