Building Details

Year Built 1914

Listing Agency: RE/MAX Realty Centre, Inc. m***@gmail.com Show Phone

Listed By: Maria C Kolick · License #73617 Show Phone

Source: Compass

Added: Feb 18 Changed: Aug 30 Last Checked: Mar 25 at 12:07PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Centre, Inc.

Investment Insights

Based on property information with market context.

This duplex contains 1,968 square feet across two living areas, including a dwelling with separate rental space. The 1914 property includes eat-in kitchen areas equipped with dishwashers, disposals, refrigerators, ovens, electric ranges, and electric water heaters. Window units and ceiling fans provide cooling, while oil service is also identified among the interior features.

Exterior features include asphalt and off-street parking along with a balcony. The property is located at 10 N Main St in Woodsboro, Maryland, with access described via routes 15, 26, and 194 before reaching Main Street.

Key Highlights

• Duplex configuration with separate rental living area
• 1,968 square feet of property size
• Built in 1914

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$29,130

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.77%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$582,600 $582.6K

Cap Rate 7%

$416,143 $416.1K

Cap Rate 9%

$323,667 $323.7K

Market Conditions

NOI Build-Up for 1,968 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$43.7K $22.20/SF

− Vacancy

−$2.1K −$1.05/SF

EGI

$41.6K $21.15/SF

− OpEx

−$12.5K −$6.34/SF

NOI

$29.1K $14.80/SF

Area

Frederick County, MD

Vacancy

4.75%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$582,600

Cap Rate 7%

$416,143

Cap Rate 9%

$323,667

Alternative Uses

Best Use

Multifamily LT 5

$416.1K

$364.1K – $485.5K (±1% cap)

NOI $29,130 @ 7.0% cap · market cap 7.77%

Second Best

Apartment 5plus

$382.5K

$334.7K – $446.3K (±1% cap)

NOI $26,776 @ 7.0% cap · market cap 7.14%

Theoretical Best

Specialty Retail

$729.2K

$638.1K – $850.8K (±1% cap)

NOI $51,047 @ 7.0% cap · market cap 13.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Plumbing Service Parking Lot & Garage Pharmacy Storage Facility Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

120

Businesses Nearby

Explore this area Business Placement

Demographics for 21798, MD

2,366

Population

933

Households

2.5

Avg Household Size

43

Median Age

37%

College-Educated

94%

High-School Grad

16.3 sq mi

ZIP Area

145

Density / Sq Mi

$125,583

Median Household Income

$62,768

Median Earnings

$932

Median Rent

$466,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with off-street parking, balcony space, and practical kitchen amenities.

Where is this duplex located?

The property is located at 10 North Main Street Woodsboro, MD.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Duplex configuration with separate rental living area; 1,968 square feet of property size; Built in 1914