Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $5,150,000
    Retail space

    1301 State St, Delmar, MD 21875-2330

    14,564 SF 1.74 ac lot Built 2006
    Entity Owned ~ Est. High Equity
    Property ID
    US40-1257677
    Property summary
    AI-generated overview

    This exceptional 14,564-square-foot retail and office property in Delmar, Maryland, presents a unique investment opportunity. Situated on a 1.74-acre lot at the signalized intersection of East State Street (Route 54) and Sussex Highway (Route 13), this property boasts unparalleled visibility with over 45,000 vehicles passing daily. The location benefits from three points of access, offering flexibility for future redevelopment. The building is currently entirely vacant, providing a blank canvas for a variety of uses, including executive office, medical office, pharmacy, or other retail ventures. Its strategic position on the Maryland-Delaware border ensures high traffic volume, further enhanced by the proximity to major national retailers such as Food Lion, Wawa, McDonald's, Verizon, Pet Valu, and AutoZone. The surrounding area demonstrates strong population growth, with 4,101 people within one mile, 10,215 within three miles, and 24,132 within five miles. Recent residential construction and a projected population increase of 1.11% through 2023 underscore the area's continued expansion and potential. The property's multiple access points and substantial size (14,564 square feet) allow for diverse tenant configurations or a single large-scale operation. Numerous new commercial developments in the vicinity further solidify this location as a thriving commercial hub. Three individual spaces ranging from 1,750 to 14,564 square feet are available for lease.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2006
    Construction CONCRETE
    Total area 14,564 SF
    Lot 1.74 ac (75,794 SF)
    Zoning code C
    APN 11-028306
    UPID US40-1257677
    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
    Current use
    Occupant on record · Public records
    • Rite Aid Pharmacy Pharmacy
    • Bimal C. Das, RPh Pharmacy
    • Satya Nagaraju Addaganti Venkata, MS Pharmacy
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Coinhub Bitcoin ATM Teller Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.47M
    CAP Approach CAP
    $4.72M
    Comparable Approach Comparable
    $3.61M
    Blend (final) Blend
    $5.15M
    Owner & transaction history
    1301 State Street LLC
    1301 State Street LLC
    since 2025
    Last sale
    $5.4M
    5 recorded transactions
    2025
    $2.6M
    2021
    $5.4M
    2012
    $5.1M
    2006
    $1
    1969
    Zoning & alternative use
    C · Delmar, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $4.1M +57.5%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1301 State St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message