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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1350 Bloomingdale Rd Queenstown, MD 21658

    • Warehouses
    • 42,200 SF
    • 38.29 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2346829
    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

    • Jet Dock US & Kayak Dock / Construction Company / General Contractor
    • Maryland Mattress Movers / Recycling Center / Waste Management Facility
    • Moniteq Research Labs Inc / Laboratory

    Property Details for 1350 Bloomingdale Rd

    Year built
    1970
    Construction
    BRICK
    Lot size
    38.29 lot acres
    Property size
    42,200 SF
    Zone code
    SI
    Property type
    Warehouses
    APN
    05-011299
    APU
    5011299

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,538,000
      Market price range: $1.54M - $7.81M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Queenstown
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.116
    Latitude
    38.984
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD 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
    $8,552
    $677,600
    $230,300
    $907,900
    -
    $677,600
    $230,300
    $907,900

    Comparable in this City

    • Value Estimation by Request
      1,678 SF

      324 Centreville Rd

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    • Value Estimation by Request
      2,520 SF

      6454 Main St

      WAREHOUSE, STORAGE • 2,520 SF
      6454 Main St, Queenstown, MD 21658-1629
      View Details
    • Value Estimation
      $3,145,000
      86,320 SF

      340 Grange Hall Rd

      WAREHOUSE, STORAGE • 86,320 SF
      340 Grange Hall Rd, Queenstown, MD 21658-1411
      View Details
    • Value Estimation
      $675,000
      4,500 SF

      437 Grange Hall Rd

      WAREHOUSE, STORAGE • 4,500 SF
      437 Grange Hall Rd, Queenstown, MD 21658-1412
      View Details
    • Value Estimation by Request
      3,060 SF

      720 Del Rhodes Ave

      WAREHOUSE, STORAGE • 3,060 SF
      720 Del Rhodes Ave, Queenstown, MD 21658-1369
      View Details
    • Value Estimation by Request
      4,900 SF

      400 Melvin Ave

      WAREHOUSE, STORAGE • 4,900 SF
      400 Melvin Ave, Queenstown, MD 21658-2401
      View Details

    Similar Nearby for Sale

    • $3,250,000

      Industrial Property in Queenstown, MD

      Industrial property available for sale in Queenstown, Maryland.
      1350 Bloomingdale Rd, Queenstown, MD 21658
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      Queenstown Industrial Site: 55,000 SF

      Prime industrial property, 38 acres, high-traffic location.
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      Prime 1.11-acre commercial lot. High visibility, great location.
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      Queenstown Office Building - Prime Location

      Versatile Office/Retail Space, High Visibility
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      Retail and medical office spaces available in Queenstown, Maryland.
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    Similar Nearby for Lease

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      50,000 SF

      Industrial Facility Near US Route 301

      20,000 SF build-to-suit opportunity near US Route 301.
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      Queenstown Office Space For Lease

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    • $2,300 /Mo
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      Outdoor Storage Yard For Lease

      2-acre outdoor storage yard in Queen Anne's County.
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    • $2,300 /Mo
      2 SF

      Queenstown Outdoor Storage Yard

      2-acre outdoor storage yard for lease in Queenstown, MD.
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    • $1,500 /Mo

      Established Nursery on Route 50

      Nursery with renovated greenhouse, shade houses, and cold frames.
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      4,716 SF

      Queenstown Retail and Office Space

      Retail and professional/medical office space for lease in Queenstown.
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      View Details
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    Queenstown, MD 21658
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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