3390 Crain HwyWaldorf, MD 20603

  • Auto shops
  • 4,231 SF

Property Details for 3390 Crain Hwy

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.15 AC
Property size (Sq ft)
4,231 SF
Zone code
CB
Property type
Auto shops
APN
06-161154
APU
6161154

Description

This exceptional 17,393-square-foot retail property, located at 3390 Crain Hwy in Waldorf, Maryland, presents a unique investment opportunity. Built in 1986, this single-story building sits on a sizable lot in Charles County (zip code 20603). Currently, a portion of the space is occupied by a Pep Boys tire and auto repair operation, while 10,728 square feet is available for lease. The existing tenant, Pep Boys, owns the property, offering considerable flexibility in lease terms. Negotiable cash allowances are available, contingent upon a rent structure that ensures a fair return on investment. The available spaces range from approximately 3,200 to 11,500 square feet, providing options for various businesses. Ideal uses include medical facilities (dialysis or plasma centers), childcare centers, doggie daycares, discount retailers, mattress/furniture stores, tool and hardware retailers, and automotive-related businesses that do not directly compete with the existing tire and repair services. Examples of complementary automotive uses include collision centers, auto glass repair shops, or auto parts stores. This property offers significant potential for a variety of businesses seeking a high-visibility location in a growing market. The property's single-tenant occupancy and the owner's willingness to negotiate make this a compelling opportunity for long-term growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,607,325
    6.5%
    $1,483,684
    7%
    $1,377,707
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,780,681
    Geo Method
    $1,780,681
  • Alternative Use

    Use
    Valuation
    Residential
    $1,251,543
    Hospitality
    $1,146,407
    Educational
    $953,797
    Medical
    $986,600
    Retail
    $1,483,684

Location Insight

City
Waldorf
County
Charles
State
Maryland
Latitude
38.6187
Longitude
-76.9171
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-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
$32,766
-
-
$2,451,000
-
$1,040,800
$1,842,500
$2,883,300

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