11550 Hg Trueman RdLusby, MD 20657

  • Retail properties
  • 1,758 SF
For Sale
$1,200,200 View listing

Property Details for 11550 Hg Trueman Rd

Year built
1973
Construction
BRICK
Lot size
1.32 AC
Property size (Sq ft)
1,758 SF
Zone code
TC
Property type
Retail properties
Property subtype
Auto shops
APN
01-013122
APU
1013122

Description

This exceptional 7,000 square foot retail property, situated on a 1.3-acre lot at 11550 H G Trueman in Lusby, MD, presents a compelling investment opportunity. The property boasts a long-term lease with a tenant possessing a AAA credit rating, ensuring consistent and reliable income. The lease is a triple net (NNN) agreement, meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance, eliminating landlord responsibilities. This significantly reduces the operational burden and risk for the investor. The property's prime location in Lusby offers excellent visibility and accessibility, contributing to its strong tenant occupancy. The asking price is $1,200,200. Detailed lease information and financial terms are available upon request. This is an ideal opportunity for investors seeking a low-maintenance, high-yield investment with a secure, long-term tenant. The property's size and location make it suitable for a variety of retail uses. Contact us to learn more about this exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $417,679
    6.5%
    $385,550
    7%
    $358,010
  • Comparable approach

    Method
    Valuation
    Relative Method
    $258,793
    Geo Method
    $739,881
  • Alternative Use

    Use
    Valuation
    Residential
    $325,226
    Hospitality
    $297,905
    Educational
    $247,853
    Medical
    $256,377
    Retail
    $385,550
11550 Hg Trueman Rd, Lusby, Maryland

Location Insight

City
Lusby
County
Calvert
State
Maryland
Latitude
38.3765
Longitude
-76.4335
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
$6,033
$330,400
$250,300
$580,700
-
$330,400
$250,300
$580,700

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