959 National Hwy Lavale, MD 21502-7389
Property profile & analytics
959 National Hwy Lavale, MD 21502-7389
- Retail space
- 3,306 SF
- 0.60 lot acres
Property ID
US40-0481493
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.
Location Intelligence
Current Use by Public Records
- CosmoProf / (Bike/Boat/Book/etc) Store / Cosmetic Store
Property Details for 959 National Hwy
- Year built
- 1977
- Construction
- BRICK
- Lot size
- 0.60 lot acres
- Property size
- 3,306 SF
- Zone code
- A
- Property type
- Retail space
- APN
- 29-018979
- APU
- 29018979
Description
This exceptional mixed-use property, located at 959 National Hwy in La Vale, Maryland, presents a compelling investment opportunity. The property, built in 1977, encompasses a substantial 5,939 square feet across two buildings situated on a 0.6-acre lot. The asking price is $720,000, translating to $121.23 per square foot. The property boasts 17 paved parking spaces and is zoned A, offering significant flexibility for various commercial uses. Its prime location on National Highway ensures high visibility and traffic, surrounded by thriving businesses including banking, retail, medical, and service establishments. The building features two units, each with a unique layout. Each unit includes an office, a back room with exterior access, two bathrooms, a kitchenette, a utility room, and storage space. Large open spaces with removable partitions allow for adaptable configurations to suit diverse business needs. One unit is currently leased for $1,900 per month, while the second unit is vacant, presenting immediate income potential and the opportunity to increase rental revenue. The property's accessibility features include handicap accessibility and prominent signage on National Highway. The Allegany County location, with APN 0129018979 and zip code 21502, offers easy access to major transportation routes and a strong local market. This property is ideal for investors seeking a high-return, multi-use asset in a vibrant commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $560,000
- 6.5%
- $515,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $422,000
- AI Estimate
- $576,000
Market price range: $146k - $590kMarket price range: $168k - $737k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $355,000 Current use
- OFFICE BUILDING
- $325,000 Change: -9% Conversion: Easy
- COMMERCIAL (GENERAL)
- $315,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lavale
- County
- Allegany
- State
- Maryland
- Longitude
- -78.8226
- Latitude
- 39.645
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN 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
$3,547
$129,900
$196,400
$326,300
-
$129,900
$196,400
$326,300
