Versatile Commercial Building in
For Sale
$1,100,000
102 N Rogers St, Aberdeen, MD 21001
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 Market722
Property Features for 102 N Rogers St
General Information
Standard status
Active
Size
7,044 SF
Lot size
1.16 Acres
Taxes and HOA fees
Annual Taxes
$16,726
Listing Agency:
EXP Realty, LLC
Listed By:
Lee R. Tessier · License #611586
(410) 638-9555
Source:
Exprealty
Added: Oct 29, 2024
Changed: Oct 19
Last Checked: Oct 19 at 12:06PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,700
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,000
$2.0M
Cap Rate 7%
$1,424,286
$1.4M
Cap Rate 9%
$1,107,778
$1.1M
Market Conditions
NOI Build-Up for 7,044 SF
Gross rent
$152.2K $21.60/SF
− Vacancy
−$9.7K −$1.38/SF
EGI
$142.4K $20.22/SF
− OpEx
−$42.7K −$6.07/SF
NOI
$99.7K $14.15/SF
Area
Harford County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,000
Cap Rate 7%
$1,424,286
Cap Rate 9%
$1,107,778
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21001, MD
25,714
Population
11,010
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
30.0 sq mi
ZIP Area
857
Density / Sq Mi
$81,778
Median Household Income
$49,765
Median Earnings
$1,391
Median Rent
$267,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
