Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    405 Cherry St Cambridge, MD 21613

    • Commercial land
    • 2,705 SF
    • 0.33 lot acres
    For Sale
    View listing
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0833693
    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

    • Chesapeake Utilities Corporation / Gas Company

    Property Details for 405 Cherry St

    Lot size
    0.33 lot acres
    Property size
    2,705 SF
    Zone code
    C-2
    Property type
    Commercial land
    APN
    07-159056
    APU
    7159056

    Description

    This exceptional 0.33-acre commercial land parcel presents a unique investment opportunity in the thriving city of Cambridge, Maryland. Located at 405 Cherry Street, this property is zoned for commercial use, offering significant potential for a variety of development projects. The convenient location within Dorchester County provides easy access to major transportation routes and local amenities, making it an ideal site for businesses seeking high visibility and accessibility. The asking price for this strategically positioned lot is $120,000. With its generous size and prime commercial zoning, this property is well-suited for a range of commercial ventures, from retail establishments and office spaces to light industrial uses. The property's address is 405 Cherry St, Cambridge, MD 21613. Its precise coordinates are latitude 38.5687154 and longitude -76.0747816. Serious inquiries are encouraged to explore the possibilities this exceptional land offering presents. Don't miss this chance to acquire a valuable piece of commercial real estate in a dynamic and growing market. The property is ready for immediate development, presenting a streamlined path to realizing your commercial vision. This is a rare opportunity to secure a well-located, commercially zoned lot at an attractive price point.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0749
    Latitude
    38.5685
    CBSA code
    15700
    CBSA name
    CAMBRIDGE, MD MICROPOLITAN 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
    $717
    $38,800
    $0.00
    $38,800
    -
    $38,800
    $0.00
    $38,800

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      531 Cedar St

      VACANT COMMERCIAL LAND • 0.05 Acres
      531 Cedar St, Cambridge, MD 21613-2249
      View Details
    • Value Estimation by Request
      0.08 Acres

      Maryland Ave

      VACANT COMMERCIAL LAND • 0.08 Acres
      Maryland Ave, Cambridge, MD 21613
      View Details
    • Value Estimation by Request
      0.50 Acres

      Moreland Ave

      VACANT COMMERCIAL LAND • 0.50 Acres
      Moreland Ave, Cambridge, MD 21613
      View Details
    • Value Estimation by Request
      0.13 Acres

      409 Muse St

      VACANT COMMERCIAL LAND • 0.13 Acres
      409 Muse St, Cambridge, MD 21613-1822
      View Details
    • Value Estimation by Request
      1.24 Acres

      Ocean Gtwy

      VACANT COMMERCIAL LAND • 1.24 Acres
      Ocean Gtwy, Cambridge, MD 21613
      View Details
    • Value Estimation by Request
      1.11 Acres

      1002 Park Ln

      VACANT COMMERCIAL LAND • 1.11 Acres
      1002 Park Ln, Cambridge, MD 21613
      View Details

    Similar Nearby for Sale

    • $75,000
      2.07 Acres

      Commercial Land on Ocean Gateway

      Two-acre commercial land parcel with high-traffic exposure.
      Ocean Gtwy, Cambridge, MD 21613
      View Details
    • $990,000
      16.50 Acres

      Cambridge Industrial Land For Sale

      16.5 acres of industrial land in Dorchester County.
      2745 Gypsy Hl Farm Rd, Cambridge, MD 21613
      View Details
    • $759,000

      Commercial Land For Sale

      Commercial land available for sale.
      2906 Central Rd, Cambridge, MD 21613
      View Details
    • New
      $500,000
      1.41 Acres

      Cambridge Development Opportunity on High Street

      Prime commercial land for development in Cambridge, Maryland's high-traffic area.
      High St, Cambridge, MD 21613
      View Details
    • $99,000
      0.71 Acres

      Industrial Zoned Lot in Cambridge

      0.71 acre industrial lot in Dorchester Business Park.
      3017 Beverly Ln, Cambridge, MD 21613
      View Details
    • $89,000
      0.30 Acres

      Prime Land Near US Route 50

      Land near Downtown Cambridge and upcoming Waterfront redevelopment project.
      301 Dorchester Ave, Cambridge, MD 21613
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent Cambridge

      Land available for rent in Cambridge, Maryland.
      2945 Ocean Gtwy, Cambridge, MD 21613
      View Details
    • Contact for pricing
      11,050 SF

      Cambridge Retail Space - Prime Location

      11,050 SF Single-Tenant Retail Space
      798 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $16 SF/Yr
      13,602 SF

      Cambridge MD Office Space Available

      Spacious offices with amenities included in Cambridge, Maryland.
      828 Airpax Rd, Cambridge, MD 21613
      View Details
    • $5 SF/Yr
      153,000 SF

      Cambridge Warehouse Space Available

      Prime warehouse space in Cambridge with build-out options.
      807 Woods Rd, Cambridge, MD 21613
      View Details
    • $6 SF/Yr
      62,946 SF

      Shoal Creek Center: Cambridge Retail

      Prime Cambridge, MD retail space available.
      630 Sunburst Hwy, Cambridge, MD 21613
      View Details
    • $1,000 /Mo

      Cambridge Boat Slips For Rent

      Two boat slips available near Cambridge Creek and Choptank River.
      300 Muir St, Cambridge, MD 21613
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    405 Cherry St
    Cambridge, MD 21613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.