Commercial Property with High Traffic
For Sale
$4,000,000
4028 HANOVER Pike, Manchester, MD 21102
10.48-acre commercial property with C-3 zoning and five buildings.
Property Size16,000 SF
Lot Size10.48 Acres
Price / SF$250
Days on Market100
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 Agency:
NORTHROP REALTY
(667) 367-4790
Listed By:
Samrat Behl
(667) 367-4790
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 5:14AM
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
Investment Insights
Based on property information with market context.
This 10.4816-acre commercial property, currently operating as a used car dealership, tire shop, inspection point, service and repair facility, and body shop, features C-3 zoning, the highest commercial zoning classification in Carroll County, allowing for a wide variety of commercial uses. The site has frontage along Hanover Pike from Ebbyvale Road and benefits from traffic exposure of approximately 22,000–27,000 vehicles per day. The property includes five buildings totaling approximately 16,000 SF. Improvements include a two-level main office and showroom building with administrative offices for sales, finance, management, and tag/title operations; a 7-bay service and tire facility with alignment equipment, customer waiting area, office space, and upper-level storage or parts area; a separate office/support building with front and rear access and bathroom facilities; a fully equipped body shop with four oversized bays capable of accommodating ambulances or larger vehicles, with heating installed; and an additional three-bay service building suitable for car wash or light service use. The site also offers parking capacity for 200+ vehicles. Permissible uses under C-3 zoning may include a strip retail center with an anchor tenant, a gas station with a convenience-oriented pit stop concept, branded auto dealerships, or senior and assisted living facilities. The property’s size, zoning, and location allow it to serve both the Carroll County and Hanover markets and offer long-term potential.
Key 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.
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 |
16,000 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.24M
$2.83M – $3.77M
NOI $226,461 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,901 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$5.93M
$5.19M – $6.92M
NOI $415,354 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21102, MD
12,100
Population
4,513
Households
2.7
Avg Household Size
43
Median Age
32%
College-Educated
98%
High-School Grad
40.6 sq mi
ZIP Area
298
Density / Sq Mi
$119,535
Median Household Income
$58,900
Median Earnings
$1,498
Median Rent
$374,600
Median Home Value
Market
Vacancy Rate% for Retail 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?
Automotive property - 10.48-acre commercial property with C-3 zoning and five buildings.
Where is this automotive property located?
The property is located at 4028 HANOVER Pike Manchester, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 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.
