Turn-Key Retail Salon/Barber
108 Old Solomons Island Rd Annapolis, MD 21401
For Sale
Contact for pricing
Front and rear building signage and a recently replaced HVAC support a turn-key salon or barber shop setup in an enclosed retail unit.
Property Size1,182 SF
Price / SF$308.80
Days on Market624
Property Features for 108 Old Solomons Island Rd
General Information
Standard status
Active
Size
1,182 SF
Property subtype
RETAIL
Listing Agency:
Douglas Commercial
(301) 655-8253
Listed By:
Scott Douglas · License #580592
Source:
Moodyscre
Added: Nov 13, 2024
Changed: Jul 27
Last Checked: Jul 29 at 12:05PM
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 Douglas Commercial
Investment Insights
Based on property information with market context.
This turn-key retail storefront is set up for a salon or barber shop and includes the salon/barber shop equipment. The unit is offered with signage on the front and rear of the building, providing visibility from Route 2. A recently replaced HVAC unit is also included, supporting day-to-day operations.
Located at 108 Old Solomons Island Rd in Annapolis, MD, the space is zoned B2 - Community Shopping Center. The offering includes the stated condominium dues of $4,049.76 per year and real estate taxes of $2,880.62 per year. The unit is also available for lease.
Located at 108 Old Solomons Island Rd in Annapolis, MD, the space is zoned B2 - Community Shopping Center. The offering includes the stated condominium dues of $4,049.76 per year and real estate taxes of $2,880.62 per year. The unit is also available for lease.
Key Highlights
- Front and rear signage provides visibility on Route 2
- Recently replaced HVAC unit
- Sale includes salon/barber shop equipment
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $21.60 |
| − Vacancy | −$1.6k | −$1.38 |
| EGI | $23.9k | $20.22 |
| − OpEx | −$7.2k | −$6.07 |
| NOI | $16.7k | $14.15 |
1,182 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$239.0K
$209.1K – $278.8K
NOI $16,730 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.8K
$302.6K – $403.4K
NOI $24,204 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Dazzling Florist — 107 Gibralter Ave, Annapolis, MD 21401
- Adrimar Flowers & Gifts — 1900 Fairfax Rd, Annapolis, MD 21401
Frequently Asked Questions
What type of property is this?
Storefront property - Front and rear building signage and a recently replaced HVAC support a turn-key salon or barber shop setup in an enclosed retail unit.
Where is this storefront property located?
The property is located at 108 Old Solomons Island Rd Annapolis, MD.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Front and rear signage provides visibility on Route 2; Recently replaced HVAC unit; Sale includes salon/barber shop equipment
