Property profile

3135 Joseph Biggs Memorial Hwy North East, MD 21901

OFF-MARKET
Strip malls
Property ID
US40-0890878
23,544 SF 2.5 ac lot Built 2010
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

College Crossing, a fully leased 24,000 square foot shopping center in North East, Maryland, presents a compelling investment opportunity. Located at 3135 Joseph Biggs Memorial Hwy, 21901, this multi-tenant retail property boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $416,537 and a 6.50% capitalization rate. The asking price is $6,408,266, translating to a price per square foot of $267.01. Benefiting from its strategic location just off I-95 and directly across from Cecil College, the center enjoys high visibility and strong traffic flow. The diverse tenant mix contributes to the property's consistent performance and stable income stream. This property is part of a portfolio of two retail centers, offering the potential for individual or package purchase. The lease type is Net. Further details are available upon request and execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2010
Construction WOOD
Total area 23,544 SF
Lot 2.5 ac (108,900 SF)
Zoning code BG
APN 05-106494
UPID US40-0890878

Cap rate & NOI

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

Location

3135 Joseph Biggs Memorial Hwy North East, MD 21901-1839
North East metro Census 30700 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$855k
Blend (final) Blend
$865k

Owner & transaction history

since 2014
7 recorded transactions
2024
Price N/A
2023
Price N/A
2018
Price N/A
2014
Price N/A
2006
$210,000
2004
$210,000
1969
Price N/A

Zoning & alternative use

BG · North East, MD

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
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