Building Details

Buildings 4

Stories 2

Tenancy Multi

Listing Agency: VCRE.CO

Listed By: Tony "C" Checchia · License #MD #307505 Show Phone

Source: Crexi

Added: May 15, 2023 Changed: Oct 6 Last Checked: Oct 16 at 9:11AM

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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 VCRE.CO

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Investment Insights

Based on property information with market context.

This industrial flex property is located in Frederick County, offering approximately 28,000 square feet of flex and warehouse space on a 9.77-acre lot. The property includes substantial outdoor storage and yard capabilities. The building features approximately 8,000 square feet of office space, including a mezzanine, and 16,000 square feet of warehouse space across two levels. There are nine grade-level roll-up doors. The site also includes 60,000 square feet of outdoor storage, a 12,000 square foot tension fabric structure with a 36-foot clear height and two loading docks, and an additional 4,500 square foot tension fabric structure. It is suitable for logistics, storage, contractors, specialty industrial users, or owner-users seeking scale and flexibility. The property is located in a Light Industrial zoning district, providing access to Frederick, Urbana, and the I-270/DC corridor. The site provides 34 on-site parking spaces, well and septic utilities, and partial forest conservation.

Key Highlights

• Premier industrial flex property with 28,000 SF of flex/warehouse space on 9.77± acres.
• Substantial outdoor storage, including a 60,000 SF area and two tension fabric structures (12,000 SF and 4,500 SF).
• Excellent location in Frederick County, minutes from I‑270 (Exit 22).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$216,298

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,325,960 $4.3M

Cap Rate 7%

$3,089,971 $3.1M

Cap Rate 9%

$2,403,311 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 28,000 SF

Gross rent

$328.7K $11.74/SF

− Vacancy

−$19.7K −$0.70/SF

EGI

$309.0K $11.04/SF

− OpEx

−$92.7K −$3.31/SF

NOI

$216.3K $7.72/SF

Area

Frederick County, MD

Vacancy

6.00%

Lease Rate

$11.74 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,325,960

Cap Rate 7%

$3,089,971

Cap Rate 9%

$2,403,311

Alternative Uses

Best Use

Industrial

$3.09M

$2.70M – $3.60M (±1% cap)

NOI $216,298 @ 7.0% cap · market cap 3.18%

Second Best

Flex RnD

$2.67M

$2.34M – $3.11M (±1% cap)

NOI $186,819 @ 7.0% cap · market cap 2.75%

Theoretical Best

Specialty Retail

$10.38M

$9.08M – $12.10M (±1% cap)

NOI $726,274 @ 7.0% cap · market cap 10.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

PlayMark, Inc. Big Box & Wholesale Store Sport Systems LLC General Contractor

Suggested Use

Top Pick Plumbing Service Hair Salon Law Firm (Bike/Boat/Book/etc) Store Nail Salon Carpet & Flooring Store

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

119

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21754, MD

7,115

Population

2,510

Households

2.8

Avg Household Size

41

Median Age

57%

College-Educated

95%

High-School Grad

21.8 sq mi

ZIP Area

326

Density / Sq Mi

$179,797

Median Household Income

$84,784

Median Earnings

$1,745

Median Rent

$619,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar Off Market Nearby

• Fine Cuisine Catering — 26130 Frederick Rd, Clarksburg, MD 20871

Frequently Asked Questions

What type of property is this?

Flex space - Versatile industrial flex property with substantial outdoor storage.

Where is this flex space located?

The property is located at 10078 Tyler Ct Ijamsville, MD.

What is the asking price?

The asking price for this property is $6,800,000.

What are key features of this property?

This property features: Premier industrial flex property with 28,000 SF of flex/warehouse space on 9.77± acres.; Substantial outdoor storage, including a 60,000 SF area and two tension fabric structures (12,000 SF and 4,500 SF).; Excellent location in Frederick County, minutes from I‑270 (Exit 22).