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    1901 Monkton Rd Monkton, MD 21111

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    For Sale
    Contract
    $849,000

    Historic mixed-use building with modern amenities and ample parking.

    Lot size:
    0.18 Acres

    Property Features for 1901 Monkton Rd

    General Information

    Standard status
    Contract
    Lot size
    0.18 Acres

    Building Details

    Year built
    1861

    We can help!

    Listing Contact
    Heidi S Krauss
    Source: Corcoran

    Listing Agency: KRAUSS REAL PROPERTY BROKERAGE Listing Agent: Heidi S Krauss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historic Monkton Town Hall Opportunity

    The Monkton Town Hall, dating back to circa 1861, offers a premium commercial location in the heart of Monkton, situated on the trail and a short walk to the Gunpowder. Purchased by Samuel Miller from the Meredith family in 1849, the building was presumed to be built as a store-house by Miller in connection with the Monkton Hotel. The property features 3,497 square feet across three levels. Substantial renovations were completed in 2017. The property offers the potential to live where you work, with the NCR Trail located right outside. It presents a magnificent opportunity for exposure and cultivating a new lifestyle in 2025. Steeped in local Monkton history, the building exudes old soul while incorporating modern amenities and systems. Ample parking is available. Zoning is BL-CR. New Norwood historically correct windows in the color sailcloth were installed in 2016, along with new gutters and downspouts, and a new well water filtration system. A new A/C unit was installed in 2021.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Building Supply Gym & Fitness Center Auto Parts Store Bar & Pub Daycare Center Plumbing Service Arcade & Gaming Center (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monkton
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6154662
    Latitude
    39.5787247

    Nearby Similar for Sale

    • $1,100,000
      3,496 SF

      by Shirley B. Clemens. \u00e2\u0080\u00a2 Zoning BL-CR \u00e2\u0080\u00a2 All new Norwood historically correct windows in the color sailcloth in 2016 \u00e2\u0080\u00a2 New well water filtration system in 2016 \u00e2\u0080\u00a2 New gutters and downspouts in 2016 \u00e2\u0080\u00a2 New A\/C unit installed in 2021 \u00e2\u0080\u00a2 TENANT OCCUPIED. DO NOT GO TO PROPERTY WITHOUT A CONFIRMED APPOINTMENT.""""}"""

      Monkton Town Hall Commercial Property
      1901 Monkton Rd, Monkton, MD 21111
      View Details
    • $4,000,000
      5,845 SF

      Historic Estate with Equestrian Facilities

      Renovated 1747 estate with stables, pond, and meadows.
      16131 Old York Rd, Monkton, MD 21111
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use building with modern amenities and ample parking.
    Where is this mixed-use property located?
    The property is located at 1901 Monkton Rd Monkton, MD.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Premium location in the heart of Monkton on the NCR Trail, offering high exposure and lifestyle opportunities.; - 3,497 sq.ft. commercial space on three levels, suitable for living and working.; - Substantial renovations completed in 2017, blending historic charm with modern amenities.
    (410) 935-6881
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    1901 Monkton Rd Monkton, MD 21111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 Monkton Rd Monkton, MD 21111
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    We can help!
    Listing Contact
    Heidi S Krauss
    Real Estate License ID: 525124
    (410) 935-6881 (410) 329-9898
    Learn more
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