Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    602 Center St Mount Airy, MD 21771

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,900 /Mo

    Professional office suite with reception, exam rooms, and parking.

    Lot size:
    0.23 Acres

    Property Features for 602 Center St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Jennifer Hughes
    Jennifer Hughes
    Source: Elliman

    Listing Agency: Keller Williams Realty Listing Agent: Jennifer Hughes

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

    Learn more

    Overview

    Professional Office Suite For Rent

    This 1,794 square foot professional office suite is located at 602 Center Street, Suite #209, in Mt. Airy, MD. The space features a reception area, four exam rooms, three private offices, a file room, a staff lounge, and two restrooms. The suite is ADA compliant and offers street-level access. On-site parking is available for staff and clients. The property is situated in a well-maintained professional complex and is suitable for medical, legal, or other office-based uses. It is offered as a Triple Net (NNN) lease. The location provides visibility and quick access to I-70 and major regional routes, making it accessible for businesses serving the Mt. Airy area. Available Aug. 4th.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Cohen Deborah M DVM, Bray C Locher DVM, Graves William I DVM, Animal Health Center

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.145973
    Latitude
    39.3740829

    Nearby Similar for Lease

    • $16 SF/Yr
      43,124 SF

      Mount Airy Office Space Lease

      Office spaces available for lease in Mount Airy, Maryland.
      1311 Main St, Mount Airy, MD 21771
      View Details
    • $2,900 /Mo
      10,019 SF

      Mount Airy Professional Office Suite

      Professional office suite in Mt. Airy, MD, available for lease.
      602 Center St, Mount Airy, MD 21771
      View Details
    • $1,350 /Mo

      Mount Airy Office Space Available

      Office space for lease in Mount Airy with ample parking.
      1517 Ridgeside Dr, Mount Airy, MD 21771
      View Details
    • $1,800 /Mo

      Renovated Office Space with Utilities

      Move-in-ready office space with utilities included in Mt. Airy.
      13146 Old National Pike, Mount Airy, MD 21771
      View Details
    • $1,000 /Mo

      Mount Airy Professional Office Space

      Professional office space in desirable Mount Airy commercial area.
      205 E Ridgeville Blvd, Mount Airy, MD 21771
      View Details
    • $16 SF/Yr

      Medical Office Building For Lease

      Three-story medical office building in Downtown Mt Airy for lease.
      205 Center St, Mount Airy, MD 21771
      View Details
    • $22 SF/Yr

      Dental Office Space Available

      500 SF dental office with three chairs, fully equipped.
      1517 Ridgeside Dr, Mount Airy, MD 21771
      View Details
    • $16 SF/Yr

      Office Space Available for Lease

      Office units available for lease in Mount Airy, Maryland.
      1311 Main St, Mount Airy, MD 21771
      View Details
    • $19 SF/Yr

      Historic Retail Space in Mount Airy

      Retail space in walkable downtown Mount Airy, Maryland.
      233-239 South Main St, Mount Airy, MD 21771
      View Details
    • $5,000 /Mo

      Mount Airy Retail/Office Space

      Retail and office spaces available for lease in Mount Airy.
      845 Ridge Rd, Mount Airy, MD 21771
      View Details
    • $385 /Mo

      Office Space in Mount Airy

      Single-user office space available in Mount Airy, Maryland.
      1517 Ridgeside Dr, Mount Airy, MD 21771
      View Details
    • $1,500 /Mo

      Updated Office Space with Garage

      Commercial office space with garage and outdoor storage in Mt. Airy.
      13146 Old National Pike, Mount Airy, MD 21771
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional office suite with reception, exam rooms, and parking.
    Where is this medical office space located?
    The property is located at 602 Center St Mount Airy, MD.
    What is the lease rate?
    The lease rate is $2,900 /Mo.
    What are key features of this property?
    This property features: - Well-designed 1,794 SF office suite featuring a reception area, 4 exam rooms, 3 private offices, file room, staff lounge, and 2 restrooms.; - ADA compliant with convenient street-level access and ample on-site parking.; - Strategic location with quick access to I-70 and major regional routes.
    (302) 858-6483
    Request Owner's contact information
    602 Center St Mount Airy, MD 21771
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 Center St
    Mount Airy, MD 21771
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    602 Center St Mount Airy, MD 21771
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer Hughes
    Jennifer Hughes
    (302) 858-6483 (302) 360-0300 302439998
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!