Property profile

140 Scheeler Rd Chestertown, MD 21620

OFF-MARKET
Commercial land
Property ID
US40-2342890
0.76 ac lot
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a 0.76-acre ground lease in the desirable town of Chestertown, Maryland. Located at 140 Scheeler Road, the property offers significant potential for a variety of commercial ventures. The vibrant downtown area of Chestertown is known for its attractive atmosphere, making it an ideal location for businesses catering to both residents and tourists. The ground lease carries an annual cost of $40,000, structured as a Net, Net, Net (NNN) lease. This means the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing a predictable and manageable cost structure for the lessee. The 0.76-acre parcel provides ample space for development, allowing for flexibility in design and functionality. The property's location within Chestertown offers easy access to local amenities, transportation routes, and the town's thriving community. This is a rare opportunity to secure a prime location in a sought-after area, ideal for entrepreneurs and investors seeking a strong return on investment. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment with significant upside potential. Serious inquiries are encouraged to explore the possibilities this unique ground lease presents. Further details regarding the specific terms of the lease and potential development options are available upon request.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.76 ac (33,106 SF)
Zoning code C-1
APN 04-025814
UPID US40-2342890

Cap rate & NOI

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

Location

140 Scheeler Rd Chestertown, MD 21620-1031
Chestertown metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2025
3 recorded transactions
2025
$250,000
2007
$250,000
2004
$438,000

Zoning & alternative use

C-1 · Chestertown, MD
Zoning description

The purpose of C-1 zone is to provide appropriate locations for a wide variety of auto related, commercial and miscellaneous service activities

General category COMMERCIAL

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
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 140 Scheeler Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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