Two Buildings with Route 50
104 Olde Point Road Chester, MD
104 Olde Point Road, Chester, MD, 00000
Contact for pricing
For Sale
Contact for pricing
Two 4,800 SF buildings with direct Route 50 access.
Property Size9,600 SF
Lot Size1.05 Acres
Price / SF$156.25
Days on Market1188
Property Features for 104 Olde Point Road
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 1.05 Acres
- Property subtype
- OFFICE
Properties For Sale
at 104 Olde Point Road Contact us
Listing agency
Douglas Commercial
(301) 655-8253
Listed by
Scott Douglas · License #580592
Source
Moodyscre
Added: Apr 21, 2023 Updated: Jul 6 at 10:39AM Checked: Jul 21 at 4:59AM
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.
Two buildings, each measuring 4,800 square feet, are available for sale. These properties offer direct access off of eastbound Route 50. The location is suitable for various permitted office and retail uses. Several leases are currently in place. There is also a ground lease opportunity. Between 2,400 and 4,800 square feet is available for lease within these buildings. The total property size is 9,600 square feet.
Key Highlights
- Direct access off of eastbound Rt 50
- Two 4800 sq ft buildings
- Many permitted office and retail uses
Local Financial Insights For Office B
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 | $109.4k | $11.40 |
| − Vacancy | −$19.7k | −$2.05 |
| EGI | $89.7k | $9.35 |
| − OpEx | −$22.4k | −$2.34 |
| NOI | $67.3k | $7.01 |
9,600 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$961.5K
$841.3K – $1.12M
NOI $67,306 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,992 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two 4,800 SF buildings with direct Route 50 access.
Where is this office building located?
The property is located at 104 Olde Point Road Chester, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Direct access off of eastbound Rt 50; Two 4800 sq ft buildings; Many permitted office and retail uses
