4028 HANOVER Pike, Manchester, MD 21102
10.48-acre commercial property with C-3 zoning and five buildings.
- Added:
- Apr 24, 2026
- Days on Market:
- 50
- Last Refresh:
- Apr 24 at 8:34 pm
Property Features for 4028 HANOVER Pike
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 10.48 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2015
Listing agent Samrat Behl (667) 367-4790
Listing office NORTHROP REALTY (667) 367-4790
Listing date Apr 24, 2026
Source Elliman
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 NORTHROP REALTY
HighLights
- 10.4816‑acre commercial property with C‑3 zoning, the highest commercial classification in Carroll County, allowing for a wide variety of uses.
- High traffic exposure: Full frontage on Hanover Pike with approximately 22,000–27,000 vehicles per day (VPD).
- Improved with five buildings totaling approximately 16,000 SF, currently operating as a used car dealership, tire shop, inspection point, service and repair facility, and body shop.
- Fully equipped body shop with four oversized bays capable of accommodating ambulances or larger vehicles, with heating installed.
- Parking capacity for 200+ vehicles.
- Permissible uses include retail, gas station/convenience store, auto dealerships, or senior/assisted living facilities.
Overview
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 | $345.6k | $21.60 |
| − Vacancy | −$22.1k | −$1.38 |
| EGI | $323.5k | $20.22 |
| − OpEx | −$97.1k | −$6.07 |
| NOI | $226.5k | $14.15 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Neighborhood Dealer — 3037 Main St, Manchester, MD 21102
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Carroll
- State
- Maryland
- Longitude
- -76.8955756
- Latitude
- 39.6872148