Property profile

837 Chesapeake Dr Cambridge, MD 21613

OFF-MARKET
Warehouses
Property ID
US40-1360955
32,827 SF 5 ac lot Built 1986
Trust Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional industrial space, situated within the Chesapeake Business Park in Cambridge, MD, presents a fantastic opportunity for businesses seeking a functional and well-maintained facility. The property boasts a generous 5-acre lot, providing ample room for expansion or outdoor storage. The interior features durable 6-inch concrete floors, high ceilings offering significant vertical space, and convenient 14' x 14' electric roll-up doors for easy loading and unloading of goods. Energy efficiency is enhanced by the inclusion of automatic on/off lighting, minimizing operational costs. A shared bathroom is readily accessible for employees. The property is offered as a NNN lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This arrangement provides flexibility and control over operational expenses. The space is available for occupancy beginning January 1st, 2025. The property's location within the Chesapeake Business Park offers convenient access to major transportation routes and other essential business amenities. This is an ideal space for a variety of industrial uses, providing a combination of functionality, efficiency, and a strategic location. The landlord has a financial interest in the property. Serious inquiries are encouraged to explore this promising opportunity.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Construction STEEL FRAME
Total area 32,827 SF
Lot 5 ac (217,800 SF)
Zoning code I-1
APN 07-192126
UPID US40-1360955

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
  • Storage Facility
  • Specialty Food Shop Fish Market

Location

837 Chesapeake Dr Cambridge, MD 21613-9401
Cambridge metro Census 970702 CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.60M
Blend (final) Blend
$3.43M

Owner & transaction history

since 2026
Last sale
$3.4M
6 recorded transactions
2026
Price N/A
2024
$3.4M
2012
$1.5M
2004
$550,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Cambridge, MD
Top alternative use upside
Office building $4.8M +29.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 837 Chesapeake Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message