Two-Story Office
For Sale
Contact for pricing
121 Clay Dr, Queenstown, MD 21658
Two-story office space offers multiple private offices, a bull pen area, and a conference/meeting area off US 301.
Property Size2,686 SF
Price / SF$217.80
Days on Market289
Property Features for 121 Clay Dr
General Information
Standard status
Active
Size
2,686 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
pillar signage
Building Details
Tenancy
Multi
Listing Agency:
SVN - Miller | Easton
(410) 480-6608
Listed By:
John "Ned" Foster
(410) 480-6608
Source:
Moodyscre
Added: Oct 17, 2025
Changed: Jul 26
Last Checked: Jul 31 at 1:11PM
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 SVN - Miller | Easton
Investment Insights
Based on property information with market context.
This two-story office space totals 1,400 square feet, with 800 square feet on the first floor and 600 square feet on the second floor. The first floor includes three private offices plus a bull pen area. The second floor features a conference room and meeting area, suited for client meetings and internal collaboration.
The property is located directly off US 301 in Queenstown, providing easy access to both north and southbound traffic. Pillar signage is available to support visibility from the roadway. It is described as approximately 10 minutes from the Bay Bridge and 20 minutes to Easton.
In addition to this suite, two adjacent offices—688 square feet and 598 square feet—may be combined, allowing for a larger single-tenant footprint if desired.
The property is located directly off US 301 in Queenstown, providing easy access to both north and southbound traffic. Pillar signage is available to support visibility from the roadway. It is described as approximately 10 minutes from the Bay Bridge and 20 minutes to Easton.
In addition to this suite, two adjacent offices—688 square feet and 598 square feet—may be combined, allowing for a larger single-tenant footprint if desired.
Key Highlights
- 1,400 SF two‑story office space with 800 SF on the first floor and 600 SF on the second floor
- First floor includes three private offices and a bull pen area
- Second floor features a conference room and meeting area
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 | $30.6k | $11.40 |
| − Vacancy | −$5.5k | −$2.05 |
| EGI | $25.1k | $9.35 |
| − OpEx | −$6.3k | −$2.34 |
| NOI | $18.8k | $7.01 |
2,686 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$269.0K
$235.4K – $313.9K
NOI $18,832 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.5K
$563.1K – $750.7K
NOI $45,044 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 21658, MD
3,723
Population
1,827
Households
2
Avg Household Size
49
Median Age
43%
College-Educated
94%
High-School Grad
39.0 sq mi
ZIP Area
95
Density / Sq Mi
$132,500
Median Household Income
$53,131
Median Earnings
$1,775
Median Rent
$471,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office space offers multiple private offices, a bull pen area, and a conference/meeting area off US 301.
Where is this office units located?
The property is located at 121 Clay Dr Queenstown, MD.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,400 SF two‑story office space with 800 SF on the first floor and 600 SF on the second floor; First floor includes three private offices and a bull pen area; Second floor features a conference room and meeting area
