Property profile

411 Dorchester Ave Cambridge, MD 21613

FOR LEASE
Community centers
Property ID
US40-2376816
61,714 SF 1.94 ac lot Built 1929
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Packing House, a stunning 60,000 square foot mixed-use development in Cambridge, MD, presents a unique investment opportunity. Originally constructed in 1920, this historic building has undergone a meticulous adaptive reuse, seamlessly blending its rich agricultural past with contemporary design. Situated on a 1.94-acre lot, this Class A property offers a vibrant blend of retail and office spaces, perfectly suited for businesses seeking a sophisticated and collaborative environment. The ground floor boasts several retail opportunities, ideal for businesses looking to establish a presence in a thriving community. The building's thoughtful design prioritizes professional wellness and fosters a collaborative atmosphere, making it an attractive location for a diverse range of tenants. This prime location offers exceptional visibility and accessibility, capitalizing on Cambridge's growing economic vitality. Furthermore, tenant build-out funds are available, making this an even more compelling proposition for prospective tenants. The Packing House represents a rare chance to own a piece of Cambridge's history while simultaneously benefiting from its bright future. This is a truly exceptional opportunity for investors seeking a high-quality, mixed-use property in a dynamic market.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1929
Construction BRICK
Total area 61,714 SF
Lot 1.94 ac (84,506 SF)
Zoning code I-2
APN 07-191286
UPID US40-2376816

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Aquaculture Farm Environmental Consultant
  • Crisis Center Medical Clinic
  • Take-out & Catering
  • Community Center
  • State Government Office

Location

411 Dorchester Ave Cambridge, MD 21613
Cambridge metro Census 970400 CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.17M

Owner & transaction history

since 2017
7 recorded transactions
2021
Price N/A
2021
Price N/A
2017
$405,000
2014
$320,000
2013
$580,000
2008
$520,000
1969
Price N/A

Zoning & alternative use

I-2 · Cambridge, 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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