Technical
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Property profile

113 Ctr St Cumberland, MD 21502

OFF-MARKET
Office buildings
Property ID
US40-0957866
1,806 SF 0.05 ac lot Built 1961
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-unit building, located at 113 S Centre Street in Cumberland, MD, presents a compelling investment opportunity. Boasting 3,925 square feet on a 0.05-acre lot, this property is ideally situated in the revitalized downtown district, benefiting from high foot traffic and excellent walkability. Currently configured as a non-profit office and a separately rented unit generating $850 monthly income, the property offers significant flexibility. The lower level includes a kitchenette, storage space, one full bath, and one half bath. Convenient off-street parking is available in the rear, supplemented by metered parking in the front. The non-profit tenant currently occupies one unit rent-free, but has been offered a purchase option or a 60-day notice to vacate, allowing the new owner to maximize rental income. The seller currently covers all utilities except electricity (metered separately) and internet. With a potential rental income of $850-$900 per unit per month, this property offers a strong return on investment. The property is priced at $150,000, reflecting a recent significant price adjustment. This is an ideal opportunity for an owner-occupant seeking to run a business from one unit while living in the other, or for an investor looking to capitalize on the strong rental market in downtown Cumberland.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1961
Construction BRICK
Total area 1,806 SF
Lot 0.05 ac (2,053 SF)
Zoning code B-CBD
APN 04-013433
UPID US40-0957866

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

113 Ctr St Cumberland, MD 21502-3791
Cumberland metro Census 1000 CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2015
Last sale
$140,000
2 recorded transactions
2015
$75,000
2001
Price N/A

Zoning & alternative use

B-CBD · Cumberland, MD
Zoning description

B-CBD All permitted nonresidential uses 2,000 -- 20 -- -- -- -- -- 100 Single-family attached, detached, and two-family -- 1,600 16 -- -- -- 3.5 45 -- Low-rise apartments -- 1,400 120 15 15 15 3.5 45 40 Mid-rise apartmen…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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