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    2020 Chaneyville Rd Owings, MD 20736
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    2020 Chaneyville Rd Owings, MD 20736

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    • Auto shops
    • 2,240 SF
    • 0.06 lot acres
    For Sale
    $750,000
    View Listing →
    Owings Industrial Corner Lot For Sale
    $750,000
    2,240 SF

    Owings Industrial Corner Lot

    High-traffic location, 2240 sq ft automotive shop

    2020 Chaneyville Rd, Owings, MD 20736
    View Listing
    Property ID
    US40-2269364
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hi-Tech Automotive Repair / Auto Repair Shop

    Property Details for 2020 Chaneyville Rd

    Year built
    1942
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property size
    2,240 SF
    Zone code
    RC
    Property type
    Auto shops
    APN
    02-109298
    APU
    2109298

    Description

    This exceptional 2,240 square foot industrial property is ideally situated on a prime corner lot in Owings, Maryland, directly off Route 4 within the Tapestry North Condo subdivision. Boasting unparalleled visibility and accessibility due to its high-traffic location, this property is perfect for a variety of automotive-related businesses. Currently configured as an automotive shop, the versatile layout allows for easy customization to suit diverse needs, including repair shops, dealerships, or detailing services. The spacious building offers ample room for operations and clientele, complemented by a generous paved parking lot for convenient customer and employee parking. The property's location within the Tapestry North Condo subdivision provides proximity to shopping, dining, and residential areas, ensuring a strong customer base. The 0.06-acre lot offers excellent exposure and convenience, making this a rare opportunity to establish or expand a business in a thriving market. This turnkey property is ready for immediate occupancy and presents a significant advantage for automotive businesses seeking a high-visibility location with ample space and parking. The flexible interior layout allows for easy adaptation to specific business requirements, whether that includes showroom space, service bays, or office areas. This is a chance to secure a prominent position in a desirable Owings location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings
    County
    Calvert
    State
    Maryland
    Longitude
    -76.6394
    Latitude
    38.6903
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    $3,324
    $0.00
    $0.00
    $319,900
    -
    $176,400
    $143,700
    $320,100

    Comparable in this City

    • Value Estimation by Request
      3,392 SF

      8806 Donalds Way

      AUTO REPAIR, GARAGE • 3,392 SF
      8806 Donalds Way, Owings, MD 20736-3521
      View Details
    • Value Estimation
      $910,000
      4,500 SF

      8802 Donalds Way

      AUTO REPAIR, GARAGE • 4,500 SF
      8802 Donalds Way, Owings, MD 20736-3521
      View Details
    • Value Estimation by Request
      2,760 SF

      7656 Binnacle Ln

      AUTO REPAIR, GARAGE • 2,760 SF
      7656 Binnacle Ln, Owings, MD 20736-3102
      View Details
    • Value Estimation by Request
      6,011 SF

      150 Mt Harmony Rd

      AUTO REPAIR, GARAGE • 6,011 SF
      150 Mt Harmony Rd, Owings, MD 20736-8903
      View Details
    • Value Estimation by Request
      2,880 SF

      2001 Chaneyville Rd

      VEHICLE SALES, RENTALS • 2,880 SF
      2001 Chaneyville Rd, Owings, MD 20736-4357
      View Details
    • Value Estimation
      $760,000
      4,958 SF

      1923 Skinners Turn Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,958 SF
      1923 Skinners Turn Rd, Owings, MD 20736-3041
      View Details

    Similar Nearby for Sale

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      High-Visibility Commercial Building For Sale

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      Owings Mixed-Use Tavern/Restaurant

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      1232 Mount Harmony Rd, Owings, MD 20736
      View Details
    • $700,000
      Pending

      Operating Winery in Calvert County

      Charming winery with tasting room, event space, and commercial kitchen.
      3485 Chaneyville Rd, Owings, MD 20736
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land with Warehouses

      13 acres of industrial-zoned land with warehouses and storage.
      1150 E Chesapeake Beach Rd, Owings, MD 20736
      View Details
    • $2,950 /Mo

      Commercial Space Available For Rent

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    Owings, MD 20736
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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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    2020 Chaneyville Rd, Owings, MD, 20736
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