Rte 40thFrostburg, MD 21532

  • Auto shops
  • 3,136 SF
Off market
$1,703,150 Estimated

Property Details for Rte 40th

Year built
1994
Construction
BRICK
Lot size
0.17 AC
Property size (Sq ft)
3,136 SF
Property type
Auto shops
APN
24-004783
APU
24004783

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $844,666
    6.5%
    $779,692
    7%
    $723,999
  • Comparable approach

    Method
    Valuation
    Relative Method
    $652,092
    Geo Method
    $652,092
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,510,080
    Mixed-Use / Specialty
    $781,114
    Hospitality / Lodging
    $578,548
    Office
    $780,849
    Institutional / Educational
    $813,545
    Residential Income
    $951,848
    Multifamily
    $1,118,300
    Automotive / Energy
    $697,324
    Parking / Income-Based Land
    $236,487
    Restaurant / Food Service
    $415,230
    Healthcare / Senior Housing
    $796,709

Location Insight

City
Frostburg
County
Allegany
State
Maryland
Latitude
39.6421
Longitude
-78.8801
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
$1,329
-
-
$122,267
-
$22,200
$107,000
$129,200

FAQs

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