2744 Augustine Herman Hwy Chesapeake City, MD 21915
Property profile & analytics
2744 Augustine Herman Hwy Chesapeake City, MD 21915
- Outlet malls
- 9,060 SF
- 1.94 lot acres
Property ID
US40-1962806
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
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 2744 Augustine Herman Hwy
- Year built
- 2016
- Construction
- STEEL FRAME
- Lot size
- 1.94 lot acres
- Property size
- 9,060 SF
- Zone code
- BG
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 02-138868
- APU
- 2138868
Description
This exceptional self-storage development opportunity in Chesapeake City, MD, is offered at $925,000. The site plan is approved for a state-of-the-art 50,300-square-foot facility with 503 units, offering a mix of climate-controlled and drive-up options. Located on Augustine Herman Highway (10,000+ ADT), this project benefits from high market rents and a lack of competition within a 3-mile radius. Market analysis shows only 2.5 square feet of self-storage space per person within a 5-mile radius. The development is ideally situated near a local middle and high school and will thrive due to its proximity to the Southfields of Elkton project, a large mixed-use development encompassing 630 acres with residential, retail, commercial, and recreational components. The planned facility will incorporate modern security systems and convenient amenities, ensuring tenant satisfaction. This investment presents a strong return potential in an underserved market with an average household income exceeding $138,000 and over 9,000 cars passing daily. The property's total gross square footage is 59,950 square feet, with a price per square foot of $15.43 and a price per unit of $1,839. This is a turnkey opportunity to capitalize on the growing demand for self-storage solutions in a vibrant and expanding community.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,588,000
- AI Estimate
- $1,667,000
Market price range: $937k - $2.59MMarket price range: $486k - $1.67M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,725,000 Current use
- OFFICE BUILDING
- $1,760,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chesapeake City
- County
- Cecil
- State
- Maryland
- Longitude
- -75.8258
- Latitude
- 39.5122
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-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
$21,534
$0.00
$0.00
$1,944,433
-
$437,100
$1,509,600
$1,946,700
