Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Warehouse Building on Penn Shop Title is generated by Realmo AI

    13967 Penn Shop Rd, Mount Airy, MD 21771

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,900

    Warehouse building with active electric service, sold as-is.

    Property size:
    1,224 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $81/SF
    Added:
    Mar 7, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 16 at 11:35 am

    Property Features for 13967 Penn Shop Rd

    General Information

    Standard status
    Active
    Size
    1,224 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    JAMES M LINTHICUM

    Listing agent JAMES M LINTHICUM

    Listing office JIM LINTHICUM REALTY

    Listing date Mar 7, 2026

    Source Corcoran

    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 JIM LINTHICUM REALTY

    HighLights

    • Large (36 x 34) warehouse building suitable for storage or workshop.
    • Paved driveway provides good access from Penn Shop Road.
    • Recently braced walls to preserve structure.
    • Active electric service to the building.
    • Unique historical use as a former milk truck depot and mower repair shop.
    • Opportunity to customize the space to your needs.

    Overview

    This warehouse building, measuring 36 x 34, presents a unique opportunity. Originally used for milk trucks and later as a mower repair shop, the property's current residential zoning prohibits previous commercial uses. The property is being sold "As Is". The walls have been braced inside and out to preserve the tall cinder block walls until roof repairs or replacement. Electric service to the building is active. There is a paved driveway entrance off Penn Shop Road providing access to the rear of the property. The property lacks well or septic services. This could be a suitable location for storage or a workshop.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.1737191
    Latitude
    39.3515891

    Nearby Similar for Sale

    • $774,899
      8,566 SF

      Mixed-Use Investment Portfolio, Mt. Airy

      Mixed-use portfolio with value-add potential in Mt. Airy.
      16700 FREDERICK Road, MOUNT AIRY, MD 21771
      View Details
    • $695,000
      2,668 SF

      Spacious Farmette on Nearly 4 Acres

      Well-maintained farmette with equestrian facilities and recent updates.
      5519 Cindy Ct, MOUNT AIRY, MD 21771
      View Details
    • $3,500,000
      15,866 SF

      Fully Occupied Investment Opportunity

      15,866 SF building with 100% occupancy in Twin Arch.
      2904 BACK ACRE Cir, Mount Airy, MD 21771
      View Details
    • $2,850,000
      9,613 SF

      Historic Downtown Mount Airy Retail

      Two retail buildings in historic Mount Airy downtown.
      233-239 South Main Street, Mount Airy, MD 21771
      View Details
    • $1,750,000

      Mixed-Use Property on Route 27

      Two-parcel commercial property suitable for mixed-use development.
      806 PARK AVENUE, MOUNT AIRY, MD 21771
      View Details
    • $299,900
      1,214 SF

      Mount Airy Commercial Space Available

      Commercial space for sale in Mount Airy, Maryland.
      401 CENTER STREET 1, MOUNT AIRY, MD 21771
      View Details
    • $645,000
      2,730 SF

      Free Standing Retail Building

      Two-story retail building with open floor plan and parking.
      104 W Ridgeville Blvd, Mount Airy, MD
      View Details
    • $99,900
      1,224 SF

      Warehouse Opportunity on Penn Shop

      Warehouse building suitable for storage or workshop, sold as-is.
      13967 Penn Shop Road, Mount Airy, MD 21771
      View Details
    • $4,500,000
      28,656 SF

      Free-Standing Building Sitting on 1.63 AC Commercial/Industrial zoning For Sale

      Three-story building in Downtown Mt Airy with commercial/industrial zoning.
      205 Center St, Mount Airy, MD 21771
      View Details
    • $3,500,000
      15,866 SF

      Twin Arch Business Park Investment

      15,866 SF building in Twin Arch Business Park.
      2904 Back Acre Circle, Mount Airy, MD 21771
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse building with active electric service, sold as-is.
    Where is this warehouse located?
    The property is located at 13967 Penn Shop Rd Mount Airy, MD.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Large (36 x 34) warehouse building suitable for storage or workshop.; Paved driveway provides good access from Penn Shop Road.; Recently braced walls to preserve structure.
    (301) 831-0100
    We can help!
    Listing Contact
    JAMES M LINTHICUM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13967 Penn Shop Rd, MOUNT AIRY, MD 21771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!