Versatile Commercial Building in
102 N ROGERS St Aberdeen, MD 21001
102 N ROGERS St, Aberdeen, MD, 21001
$1,100,000
For Sale
$1,100,000
7,044 sq ft commercial building on 1.16-acre lot.
Property Size7,044 SF
Lot Size1.16 Acres
Price / SF$156.16
Days on Market134
Property Features for 102 N ROGERS St
General Information
- Standard status
- Active
- Size
- 7,044 SF
- Lot size
- 1.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing agency
EXP Realty, LLC
(410) 688-4042
Listed by
Reed J Stupalski · License #611586
(410) 688-4042
Source
Elliman
Added: Mar 11 Updated: Jul 6 at 12:44PM Checked: Jul 21 at 8:26AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 7,044-square-foot commercial building is located in Aberdeen. Currently operating as a restaurant, the property sits on a 1.16-acre lot with approximately 32 parking spaces. Zoned B2, the space offers potential as a warehouse, office building, or retail space. The property was renovated six years ago with new systems. The main dining area is approximately 2,000 square feet, with an additional 300-square-foot dining space. The entire building, except for the kitchen and server areas, features ceramic tile flooring. A 200-square-foot server station has Durex flooring, and there is an expo line. The kitchen spans approximately 750 square feet with Durex flooring. Two dry storage areas total over 150 square feet, and there is a dishwasher area. The rear of the property features a fenced delivery area. The beer garden has an electrical raceway and the possibility for water. The property is located in Aberdeen, near local attractions, amenities, and transportation. The seller is willing to paint the exterior and modify the awning color with an acceptable offer.
Key Highlights
- Prime B2 zoning allows for versatile use as a restaurant, warehouse, office, or retail space.
- Spacious 7,044 sq ft building on a 1.16‑acre lot with approximately 32 parking spaces.
- Renovated six years ago with all new systems, ensuring a move‑in ready condition.
Local 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 | $152.2k | $21.60 |
| − Vacancy | −$9.7k | −$1.38 |
| EGI | $142.4k | $20.22 |
| − OpEx | −$42.7k | −$6.07 |
| NOI | $99.7k | $14.15 |
7,044 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,700 @ 7.0% cap · market cap 9.06%
Second Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,192 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,495 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prost German Restaurant ...
Restaurant
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 7,044 sq ft commercial building on 1.16-acre lot.
Where is this conventional restaurant located?
The property is located at 102 N ROGERS St Aberdeen, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime B2 zoning allows for versatile use as a restaurant, warehouse, office, or retail space.; Spacious 7,044 sq ft building on a 1.16‑acre lot with approximately 32 parking spaces.; Renovated six years ago with all new systems, ensuring a move‑in ready condition.
