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Property profile & analytics
OFF-MARKET Estimated value $1,175,000
Warehouses

1350 Bloomingdale Rd Queenstown, MD 21658-1315

42,200 SF 38.29 ac lot Built 1970
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US40-2346829
Property summary
AI-generated overview

This exceptional 38.29-acre industrial property in Queenstown, Maryland, presents a unique investment opportunity. Strategically located on Bloomingdale Road, it offers unparalleled access to major transportation arteries, US Routes 50 and 301. This prime location allows businesses to reach 40% of the US population within a three-hour trucking radius. The property includes a substantial 55,052 square foot industrial facility, previously occupied by a Conagra food processing plant. The building is currently generating income as a multi-tenant property, with 11 indoor and 5 outdoor tenants operating under month-to-month leases. This provides immediate cash flow and flexibility for future development. The property's Suburban Industrial zoning within Queen Anne's County supports a wide range of industrial uses, including manufacturing, distribution, and storage. The expansive acreage and existing infrastructure make this an ideal location for businesses seeking a strategic foothold in a thriving market. This is a rare opportunity to acquire a significant industrial asset with strong existing tenancy and significant upside potential. The property's location and size make it a compelling investment for both short-term income generation and long-term growth.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction BRICK
Total area 42,200 SF
Lot 38.29 ac (1,667,912 SF)
Zoning code SI
APN 05-011299
UPID US40-2346829
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
  • Jet Dock US & Kayak Dock Construction Company General Contractor
  • Maryland Mattress Movers Recycling Center Waste Management Facility
  • Moniteq Research Labs Inc Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.18M
Owner & transaction history
Scipione Properties LLC · 20 yrs held
Scipione Properties LLC
since 2006
2 recorded transactions
2006
Price N/A
2006
$1.0M
Zoning & alternative use
SI · Queenstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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