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    4123 Ocean Gtwy Trappe, MD 21673
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    4123 Ocean Gtwy Trappe, MD 21673

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    • Grocery and convenience stores
    • 1,421 SF
    • 7.60 lot acres
    For Sale
    $5,500,000
    View Listing →
    7.6 Acre Commercial Parcel on Rt. 50 For Sale
    $5,500,000
    7.60 Acres

    7.6 Acre Commercial Parcel on Rt. 50

    Premier commercial land with high visibility and development potential.

    4123 OCEAN GATEWAY, Trappe, MD 21673
    View Listing
    Property ID
    US40-1154419
    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

    • Freedom Fuel / Gas Station

    Property Details for 4123 Ocean Gtwy

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.60 lot acres
    Property size
    1,421 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    03-120392
    APU
    3120392

    Description

    This exceptional 7.6-acre commercial property at 4123 Ocean Gateway in Trappe, Maryland, presents a unique investment opportunity. Boasting 932 linear feet of frontage on Route 50, this strategically located site enjoys high visibility and accessibility, with approximately 30,000 vehicles passing daily. The property is zoned CR commercial, encompassing R1, R2, and C1 permitted uses, offering considerable flexibility for diverse development plans. The current structure includes a 1,421 square foot convenience store and a gas station featuring eight new pumps, one high-flow diesel pump, and one off-road diesel pump. A potential Talbot County Class A Beer/Wine License adds further value. The seller is open to subdividing the land into smaller parcels for qualified buyers, catering to various development scales and investment strategies. Its proximity to the new Lakeside at Trappe community, a developing residential area with 2,500 homes under construction, ensures a robust and growing customer base. This prime location offers excellent potential for restaurants, retail establishments, and other commercial ventures, making it an ideal investment for both developers and entrepreneurs seeking a high-traffic, high-visibility location. Two convenient entrances from Route 50 enhance accessibility for customers and employees. The property's substantial size and versatile zoning make it a truly remarkable opportunity in a thriving market.

    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
    Trappe
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0533
    Latitude
    38.6641
    CBSA code
    20660
    CBSA name
    EASTON, 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
    $4,765
    $303,300
    $134,900
    $438,200
    -
    $303,300
    $134,900
    $438,200

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      2812 Ocean Gtwy

      CONVENIENCE STORE • 2,400 SF
      2812 Ocean Gtwy, Trappe, MD 21673-1764
      View Details
    • Value Estimation by Request
      2,914 SF

      4046 Ocean Gtwy

      CONVENIENCE STORE • 2,914 SF
      4046 Ocean Gtwy, Trappe, MD 21673-1995
      View Details
    • Value Estimation by Request
      1,080 SF

      2281 Ocean Gtwy

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      2281 Ocean Gtwy, Trappe, MD 21673-1772
      View Details
    • Value Estimation
      $2,835,000
      1,200 SF

      Ocean Gtwy

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Ocean Gtwy, Trappe, MD 21673
      View Details
    • Value Estimation by Request
      2,282 SF

      Ocean Gtwy

      RETAIL STORES (PERSONAL SERVICES) • 2,282 SF
      Ocean Gtwy, Trappe, MD 21673
      View Details
    • Value Estimation
      $995,000
      3,616 SF

      29321 Backtown Rd

      AUTO REPAIR, GARAGE • 3,616 SF
      29321 Backtown Rd, Trappe, MD 21673-1850
      View Details

    Similar Nearby for Sale

    • $5,500,000
      7.60 Acres

      7.6 Acre Commercial Parcel on Rt. 50

      Premier commercial land with high visibility and development potential.
      4123 Ocean Gtwy, Trappe, MD 21673
      View Details
    • $1,450,000

      Commercial Land on Route 50

      23.06 acres with frontage on Route 50 near Cambridge.
      1730 Ocean Gtwy, Trappe, MD 21673
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    • $950,000
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      Trappe, MD Commercial Land Opportunity

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      Trappe Business Park Land Opportunity

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    • $2,650,000
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      Waterfront Hunting Farm in Trappe

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    Trappe, MD 21673
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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.

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