Versatile Commercial Building in
For Sale
$1,100,000
102 N ROGERS St, Aberdeen, MD 21001
7,044 sq ft commercial building on 1.16-acre lot.
Property Size7,044 SF
Lot Size1.16 Acres
Price / SF$156.16
Days on Market164
Property Features for 102 N ROGERS St
General Information
Standard status
Active
Size
7,044 SF
Lot size
1.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,726
Building Details
Year Built
1953
Units
1
Listing Agency:
EXP Realty, LLC
(410) 688-4042
Listed By:
Reed J Stupalski · License #611586
(410) 688-4042
Source:
Elliman
Added: Mar 11
Changed: Aug 11
Last Checked: Aug 20 at 10:38AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 7,044-square-foot commercial building is located in Aberdeen. Currently operating as a restaurant, the property sits on a 1.16-acre lot with approximately 32 parking spaces. Zoned B2, the space offers potential as a warehouse, office building, or retail space. The property was renovated six years ago with new systems. The main dining area is approximately 2,000 square feet, with an additional 300-square-foot dining space. The entire building, except for the kitchen and server areas, features ceramic tile flooring. A 200-square-foot server station has Durex flooring, and there is an expo line. The kitchen spans approximately 750 square feet with Durex flooring. Two dry storage areas total over 150 square feet, and there is a dishwasher area. The rear of the property features a fenced delivery area. The beer garden has an electrical raceway and the possibility for water. The property is located in Aberdeen, near local attractions, amenities, and transportation. The seller is willing to paint the exterior and modify the awning color with an acceptable offer.
Key Highlights
- Prime B2 zoning allows for versatile use as a restaurant, warehouse, office, or retail space.
- Spacious 7,044 sq ft building on a 1.16‑acre lot with approximately 32 parking spaces.
- Renovated six years ago with all new systems, ensuring a move‑in ready condition.
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
$99,700
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
9.06%
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%
$1,994,000
$2.0M
Cap Rate 7%
$1,424,286
$1.4M
Cap Rate 9%
$1,107,778
$1.1M
Market Conditions
NOI Build-Up for 7,044 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
$152.2K $21.60/SF
− Vacancy
−$9.7K −$1.38/SF
EGI
$142.4K $20.22/SF
− OpEx
−$42.7K −$6.07/SF
NOI
$99.7K $14.15/SF
Area
Harford County, MD
Vacancy
6.39%
Lease Rate
$21.60 /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%
$1,994,000
Cap Rate 7%
$1,424,286
Cap Rate 9%
$1,107,778
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,700 @ 7.0% cap · market cap 9.06%
Second Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,192 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,495 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21001, MD
25,714
Population
11,010
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
30.0 sq mi
ZIP Area
857
Density / Sq Mi
$81,778
Median Household Income
$49,765
Median Earnings
$1,391
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 7,044 sq ft commercial building on 1.16-acre lot.
Where is this conventional restaurant located?
The property is located at 102 N ROGERS St Aberdeen, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime B2 zoning allows for versatile use as a restaurant, warehouse, office, or retail space.; Spacious 7,044 sq ft building on a 1.16‑acre lot with approximately 32 parking spaces.; Renovated six years ago with all new systems, ensuring a move‑in ready condition.
