Clear Spring Office/Medical
For Sale
$299,000
14 S MILL STREET, Clear Spring, MD 21722
Versatile 1,128 SF office/medical space in Clear Spring, MD.
Property Size1,128 SF
Lot Size0.17 Acres
Price / SF$265.07
Days on Market1023
Property Features for 14 S MILL STREET
General Information
Standard status
Active
Size
1,128 SF
Lot size
0.17 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1960
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1623
Listed By:
Taylor Bowen · License #WV0028038
(301) 745-1623
Source:
Exitrealty
Added: Oct 12, 2023
Changed: Jul 6
Last Checked: Jul 30 at 6:44AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
Located at 14 S Mill Street in Clear Spring, Maryland, this property offers 1,128 square feet of office or medical space. The building provides a versatile and conveniently located space suitable for various professional needs.
Key Highlights
- Prime office/medical space
- Conveniently located in Clear Spring, Maryland
- Versatile space suitable for professional needs
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 | $22.2k | $19.68 |
| − Vacancy | −$4.1k | −$3.66 |
| EGI | $18.1k | $16.02 |
| − OpEx | −$4.5k | −$4.00 |
| NOI | $13.6k | $12.01 |
1,128 SF · lease $19.68/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$193.6K
$169.4K – $225.9K
NOI $13,553 @ 7.0% cap · market cap 4.53%
Second Best
Healthcare Medical
$192.7K
$168.6K – $224.8K
NOI $13,486 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$250.2K
$218.9K – $291.9K
NOI $17,515 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21722, MD
5,674
Population
2,347
Households
2.4
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
56.9 sq mi
ZIP Area
100
Density / Sq Mi
$86,341
Median Household Income
$54,863
Median Earnings
$877
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile 1,128 SF office/medical space in Clear Spring, MD.
Where is this medical office space located?
The property is located at 14 S MILL STREET Clear Spring, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime office/medical space; Conveniently located in Clear Spring, Maryland; Versatile space suitable for professional needs
