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    Versatile Live-Work Space Available Title is generated by Realmo AI

    3339 Rogers Avenue, Ellicott City, MD 21043

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    Claim this Listing
    For Sale
    $799,900

    Live and work in this well-maintained Ellicott City property.

    Type:Ranch
    Property size:
    3,275 SF
    Price / SF:
    $244/SF
    Added:
    Jan 30, 2022
    Days on Market:
    1618
    Last Refresh:
    May 13 at 8:02 pm

    Property Features for 3339 Rogers Avenue

    General Information

    Standard status
    Active
    Size
    3,275 SF
    Property subtype
    Ranch

    Building Details

    Year Built
    1959

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    Joanne Lee

    Listing office Realty 1 Maryland, LLC

    Listing date Jan 30, 2022

    Source Xome

    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 Realty 1 Maryland, LLC

    HighLights

    • Excellent location suitable for various businesses
    • Opportunity to live and work in the same property
    • Seven rooms and six full bathrooms
    • Potential for extra income by renting out spare rooms
    • Includes a pool and spa
    • Attached parking with 2 garage spaces

    Overview

    This 3,275 square foot property is suitable for live-work arrangements and various commercial uses, including medical offices, real estate agencies, hair salons, insurance providers, and general office purposes. The property features seven rooms and six full bathrooms. Previously used for a cloth-related business, the property has been well-maintained. It also presents an opportunity for generating additional income by renting out spare rooms.

    Local Financial Insights For Mixed Use

    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 $80.6k $24.60
    − Vacancy −$14.5k −$4.43
    EGI $66.1k $20.17
    − OpEx −$24.8k −$7.56
    NOI $41.3k $12.61
    3,275 SF · lease $24.60/SF/yr · vacancy 18.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $589.9K
    $516.1K – $688.2K (±1% cap)
    NOI $41,290 @ 7.0% cap · market cap 5.16%
    Second Best
    Office B
    $328.0K
    $287.0K – $382.7K (±1% cap)
    NOI $22,961 @ 7.0% cap · market cap 2.87%
    Theoretical Best
    Office A
    $1.21M
    $1.06M – $1.42M (±1% cap)
    NOI $85,018 @ 7.0% cap · market cap 10.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Hotel & Motel Daycare Center Bed & Breakfast Carpet & Flooring Store Pet Grooming Service Pet Store Garden Center Catering Service Pet Store & Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8077844
    Latitude
    39.2793726

    FAQs

    What type of property is this?
    Live-work space - Live and work in this well-maintained Ellicott City property.
    Where is this live-work space located?
    The property is located at 3339 Rogers Avenue Ellicott City, MD.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: Excellent location suitable for various businesses; Opportunity to live and work in the same property; Seven rooms and six full bathrooms
    More about this property
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