1301 State St Delmar, MD 21875
Property Lookup
Property profile & analytics
1301 State St Delmar, MD 21875
- Retail space
- 14,564 SF
- 1.74 lot acres
Property ID
US40-1257677
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.
Location Intelligence
Current Use by 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
Property Details for 1301 State St
- Year built
- 2006
- Construction
- CONCRETE
- Lot size
- 1.74 lot acres
- Property size
- 14,564 SF
- Zone code
- C
- Property type
- Retail space
- APN
- 11-028306
- APU
- 11028306
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,995,000
- ML approach
- $6,465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,115,000
- 6.5%
- $4,720,000
- 7%
- $4,385,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,613,000
- AI Estimate
- $3,461,000
Market price range: $1.30M - $3.61MMarket price range: $740k - $3.46M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $4,125,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Delmar
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5593
- Latitude
- 38.4551
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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
$42,905
$1,000,500
$3,300,700
$4,301,200
-
$1,000,500
$3,300,700
$4,301,200
