Live-Work Property with Metal
New
For Sale
$600,000
13024 OLD NATIONAL PIKE, Mount Airy, MD 21771
VC zoning allows certain business uses, subject to confirmation with the county.
Property Size2,035 SF
Price / SF$294.84
Days on Market3
Property Features for 13024 OLD NATIONAL PIKE
General Information
Standard status
Active
Size
2,035 SF
Property subtype
Business
Zoning
VC
Property Condition
Severity
Repairs Needed
Evidence
the need for repairs
Additional Details
Highway Access
Yes
Property Use
Garage/Shop/Office
Building Details
Year Built
1900
Buildings
3
Listing Agency:
RE/MAX Realty Centre, Inc.
(301) 591-3920
Listed By:
Lauren A McBain · License #630931
(301) 252-3524
Source:
Cummingsrealtors
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:12PM
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 RE/MAX Realty Centre, Inc.
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Investment Insights
Based on property information with market context.
The property combines a detached residence with two separate garage buildings, offering a live-work configuration. The newer metal structure measures approximately 50' x 35', has two 10-foot garage doors, and includes an upper level extending across the building. A second garage is built of cinderblock and has two 9-foot doors.
Water damage in the house from a leaking pipe has been remediated, but the kitchen and upstairs bathroom have not been reinstalled. The property is near Rte 70, and its VC zoning permits certain business uses subject to county confirmation.
Water damage in the house from a leaking pipe has been remediated, but the kitchen and upstairs bathroom have not been reinstalled. The property is near Rte 70, and its VC zoning permits certain business uses subject to county confirmation.
Key Highlights
- Newer metal garage measures approximately 50' x 35' and has two 10‑foot doors
- Upper level runs the length of the metal garage
- Separate cinderblock garage has two 9‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,282
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,640
$745.6K
Cap Rate 7%
$532,600
$532.6K
Cap Rate 9%
$414,244
$414.2K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$63.0K $30.96/SF
− Vacancy
−$13.3K −$6.53/SF
EGI
$49.7K $24.43/SF
− OpEx
−$12.4K −$6.11/SF
NOI
$37.3K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,640
Cap Rate 7%
$532,600
Cap Rate 9%
$414,244
Alternative Uses
Best Use
Office B
$532.6K
$466.0K – $621.4K
NOI $37,282 @ 7.0% cap · market cap 6.21%
Second Best
Mixed Use
$205.0K
$179.3K – $239.1K
NOI $14,347 @ 7.0% cap · market cap 2.39%
Theoretical Best
Specialty Retail
$754.1K
$659.8K – $879.8K
NOI $52,785 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 21771, MD
30,697
Population
11,401
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
89.5 sq mi
ZIP Area
343
Density / Sq Mi
$154,844
Median Household Income
$70,011
Median Earnings
$2,117
Median Rent
$532,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - VC zoning allows certain business uses, subject to confirmation with the county.
Where is this live-work space located?
The property is located at 13024 OLD NATIONAL PIKE Mount Airy, MD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Newer metal garage measures approximately 50' x 35' and has two 10‑foot doors; Upper level runs the length of the metal garage; Separate cinderblock garage has two 9‑foot doors
