Building Details

Building Size 857 SF

Year Built 1992

Listing Agency: Homecoin.com

Listed By: Jonathan Minerick · License #5014919 Show Phone

Source: Catoctinproperties

Added: Jun 9 Changed: Oct 26 Last Checked: Oct 31 at 7:44AM

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Investment Insights

Based on property information with market context.

This residential income property contains 857 square feet and was built in 1992.

Key Highlights

• 857‑square‑foot residential property
• Built in 1992

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,660

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$233,200 $233.2K

Cap Rate 7%

$166,571 $166.6K

Cap Rate 9%

$129,556 $129.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 857 SF

Gross rent

$22.3K $26.04/SF

− Vacancy

−$1.1K −$1.30/SF

EGI

$21.2K $24.74/SF

− OpEx

−$9.5K −$11.13/SF

NOI

$11.7K $13.61/SF

Area

Frederick County, MD

Vacancy

5.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$233,200

Cap Rate 7%

$166,571

Cap Rate 9%

$129,556

Alternative Uses

Best Use

Apartment 5plus

$166.6K

$145.8K – $194.3K (±1% cap)

NOI $11,660 @ 7.0% cap · market cap 4.50%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$317.6K

$277.9K – $370.5K (±1% cap)

NOI $22,229 @ 7.0% cap · market cap 8.58%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

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Demographics for 21774, MD

15,496

Population

5,503

Households

2.8

Avg Household Size

37

Median Age

61%

College-Educated

96%

High-School Grad

14.2 sq mi

ZIP Area

1,091

Density / Sq Mi

$171,875

Median Household Income

$77,808

Median Earnings

$2,322

Median Rent

$508,100

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Built in 1992, this residential property offers 857 square feet of interior space.

Where is this residential income property located?

The property is located at 10249 WHITE PELICAN WAY Unit 103A New Market, MD.

What is the asking price?

The asking price for this property is $258,967.

What are key features of this property?

This property features: 857‑square‑foot residential property; Built in 1992