Property profile

48409 Smith Dr Ridge, MD 20680

OFF-MARKET
Commercial real estate
Property ID
US40-0125428
1,688 SF 1.1 ac lot Built 1969
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.1-acre commercial property in Ridge, Maryland, is situated on Jutland Creek, offering stunning waterfront views off the Potomac River. The property boasts approximately 50 boat slips across three piers, one of which is covered, with approximately 7 feet of water depth at the pier ends. Electricity and water are provided to most slips. A main building, currently serving as the marina reception area, includes an upstairs office, garage, and showers/bathrooms. Several smaller outbuildings offer additional storage or workshop space. The property has operated continuously as a small marina since 1951, presenting a unique opportunity for an owner-operator to live in the main building or renovate it into a primary or secondary residence. Zoned RPD, this property offers significant potential for various uses and is priced at $535,000 ($316.94/sq ft land value). The protected cove location provides a serene setting, making this a truly remarkable investment opportunity. The property includes deep water piers in a protected cove.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Construction FRAME
Total area 1,688 SF
Lot 1.1 ac (47,916 SF)
Zoning code RPD
APN 01-010980
UPID US40-0125428

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
  • Marina Boat Storage Facility

Location

48409 Smith Dr Ridge, MD 20680-3015
Ridge metro Census 876200 CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
3 recorded transactions
2024
$450,000
2006
$795,000
2000
Price N/A

Zoning & alternative use

RPD · Ridge, 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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