0 MELSON ROAD
About This Property
We are pleased to offer this 130 +\- AC in Delmar, MD. The entire property is wooded, mostly pines with hardwoods scattered throughout. Nice road system exists from a select cut timbering in the early 2000s. Great recreational and hunting tract. The property is zoned Agricultural which allows development and a cluster subdivision. Great potential to work with the county to have the property reverted back to residential zoning to allow for greater development. The tax map parcels are incorrect, a survey by the neighbor shows the correct eastern boundary line. Check this one out if you're looking for a large property with tremendous potential no matter which direction you want to take it. Schedule your private tour today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2026 | Relisted | $990,000 | |
| Relisted | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by Charis Realty Group | $990,000 | |
| Listed by Charis Realty Group | |||
| May 13, 2023 | No longer available | - | |
| No longer available | |||
| Apr 4, 2023 | Listed by Sell Your Home Services | $119,500 | |
| Listed by Sell Your Home Services | |||
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Beautiful 3 acre lot in Delmar! Build a custom home just minutes from all the amenities Delmar and Salisbury have to offer! Only 30 minutes from the finest beaches in Maryland and Delaware! Lot #3 appears to be ready to build and located in the desirable Delmar School District! A standard septic has been approved and recorded with the county! This lot has dual access to Melson Rd. and Rt. 54 (East Line Rd)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017