Property profile

4459 Crisfield Hwy Crisfield, MD 21817

OFF-MARKET
Grocery and convenience stores
Property ID
US40-1363446
1,216 SF 1.15 ac lot Built 1974
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This 4,712 sq ft gas station and convenience store in Crisfield, MD, presents a unique investment opportunity. Operating as a Gulf Gasoline franchise since 1990, it offers diesel, regular, and ethanol-free fuel. The property boasts a full-service convenience store with a carry-out option and the potential for a restaurant. Significant renovations were completed in 2016 and 2023, including a new roof, pumps, coolers, and kitchen upgrades. The 1.15-acre lot includes four commercial units, three currently leased at monthly rates of $695, $750, and $700, with one used as a dining area. The property benefits from its prime location as the first convenience store entering Crisfield, serving a growing economy and a large tourist population from nearby Janes Island State Park. Annual sales averaged over $1,500,000 pre-COVID, without selling alcohol, tobacco, or lottery products. Recent improvements include renovated underground tanks (100% compliant, iron with fiberglass coating) and a repaved parking lot. The PNG contract with Gulf runs through 12/31/2025, with an owner option to terminate. This turnkey operation offers substantial income potential and strong long-term prospects. The property is classified as Class B, with a single-story building and permitted commercial zoning.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1974
Total area 1,216 SF
Lot 1.15 ac (50,094 SF)
Zoning code I-1
APN 08-153558
UPID US40-1363446

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
  • Gas Station
  • Grocery & Convenience Store
  • Pet Grooming Service
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • Atm

Location

4459 Crisfield Hwy Crisfield, MD 21817-2569
Crisfield metro Census 930500 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2011
5 recorded transactions
2020
Price N/A
2016
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Crisfield, MD
Zoning description

The purpose of I-1 zone is to provide for certain manufacturing, processing and warehousing activities as well as certain limited retail activities associated with the primary use

General category INDUSTRIAL

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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