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Property profile & analytics
OFF-MARKET
Industrial properties

601 Sunrise Ave Ridgely, MD 21660-1939

4.6 ac lot
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US40-1293802
Property summary
AI-generated overview

This exceptional 99,842 square foot industrial property, situated on a sprawling 17-acre lot in Ridgely, Maryland, presents a unique investment opportunity. Previously utilized as a high-volume distribution center for a national health and wellness company, this facility boasts a versatile layout ideal for a variety of uses. The building's front section encompasses approximately 5,000 square feet of well-appointed administrative offices, featuring a welcoming reception area, private offices, multiple conference rooms, and a convenient break room. This area is perfect for management and administrative staff. Adjacent to the office space is roughly 27,146 square feet of production space, offering 14-foot ceiling heights, suitable for various manufacturing or assembly processes. The rear of the building comprises a substantial 67,696 square foot high-bay warehouse, providing ample storage capacity with impressive 25- to 30-foot clear ceiling heights. Efficient loading and unloading are ensured by the inclusion of nine dock-high loading doors and one drive-in door. The property's expansive acreage and strategic location offer significant potential for expansion or future development. This is a rare opportunity to acquire a large-scale industrial property in a desirable location with excellent infrastructure. The property is offered at $3,993,680.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 4.6 ac (200,376 SF)
Zoning code I1
APN 07-013973
UPID US40-1293802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jason Pharmaceuticals Inc Factory Production Facility
  • Medifast Inc Specialty Food Shop
  • Caroline Cougars Football Field Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Seven Crondall Associates LLC · 22 yrs held
Seven Crondall Associates LLC
since 2003
2 recorded transactions
2003
$2.2M
1969
Price N/A
Zoning & alternative use
I1 · Ridgely, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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