Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9871 MAIN Street Damascus, MD 20872

    View on Map
    Claim this Listing
    New
    For Lease
    $1,800 /Mo

    CommercialLease - DAMASCUS, MD

    Type:Office
    Property size:
    500 SF
    Added:
    Apr 13, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 16 at 2:06 pm

    Property Features for 9871 MAIN Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    9
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    500 SF

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Joseph E Hawkins

    Listing agent Joseph E Hawkins License #529248

    Listing office Hawkins Real Estate Company 26034 Ridge Manor Drive, Damascus, MD

    Listing date Apr 13, 2026

    MLS# MDMC2226828

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Damascus, MD

    This is a retail space offering approximately 500 square feet. The space was previously used as a Tabasco shop. It is located next to a gas station and features a private, separate entrance with parking. The tenant is responsible for paying utilities. The property is located in Damascus, Maryland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zoom Fuel Gas Station Meineke Car Care ... Auto Repair Shop Ricoton Restaurant American Cigar, Tobacco ... (Bike/Boat/Book/etc) Store Main St Auto-Auto ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.20306
    Latitude
    39.28824

    Nearby Similar for Lease

    • Contact for pricing

      Damascus Office Condo For Lease

      Versatile commercial condo in Damascus Square, ideal for various businesses.
      26227 RIDGE Road, DAMASCUS, MD 20872
      View Details
    • Contact for pricing

      Damascus Square Commercial Condo

      Versatile commercial condo in Damascus Square, suitable for various uses.
      26227 Ridge Rd, DAMASCUS, MD 20872
      View Details
    • Contact for pricing

      Main Street Office/Retail Space

      Approximately 800 SF office or retail space for rent.
      9859 Main St, DAMASCUS, MD 20872
      View Details
    • Contact for pricing

      Versatile Commercial Units Available

      Two units suitable for various commercial uses with parking.
      9865 MAIN St, Damascus, MD 20872
      View Details
    • Contact for pricing

      Damascus Office Space Available

      7,440 SF office space for rent in Damascus, MD.
      9805 MD-108, Damascus, MD
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Various retail spaces available for rent with convenient parking.
      26011-26043 Ridge Rd, Damascus, MD
      View Details
    • Contact for pricing

      Damascus Retail and Office Space

      Retail and office spaces for lease in Damascus, Maryland.
      9899 Main St, Damascus, MD 20872
      View Details
    • Contact for pricing

      Damascus Retail Spaces Available

      Retail spaces available, ranging from 1,355 to 5,837 SqFt.
      26075 Ridge Rd, Damascus, MD 20872
      View Details
    • Contact for pricing

      Functional Office Space Available

      Versatile office space with reception, conference room, and bathroom.
      10001 Lewis Dr, Damascus, MD 20872
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,615 to 5,400 square feet.
      26133 Ridge Rd, Damascus, MD 20872
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Damascus, Maryland.
    Where is this retail space located?
    The property is located at 9871 MAIN Street Damascus, MD.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Private separate entrance.; Parking lot available.; Tenant pays utilities.
    (410) 413-3575
    We can help!
    Listing Contact
    Joseph E Hawkins
    Real Estate License ID: 529248
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!