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    Flex and Manufacturing Buildings Title is generated by Realmo AI

    142 Water St, Thurmont, MD

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    Flex and manufacturing buildings with solar system for sale.

    Type:INDUSTRIAL
    Property size:
    8,394 SF
    Lot size:
    3.87 Acres
    Price / SF:
    $178/SF
    Added:
    May 15, 2025
    Days on Market:
    396
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 142 Water St

    General Information

    Standard status
    Active
    Size
    8,394 SF
    Lot size
    3.87 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Dave Wilkinson

    Listing agent Dave Wilkinson License #659717

    Listing office MacRo Commercial Real Estate

    Listing date May 15, 2025

    Source Moodyscre

    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 MacRo Commercial Real Estate

    HighLights

    • 6,700+ SF flex building featuring 1,344 SF of finished office space and a spacious 5,360 SF heated warehouse.
    • Warehouse boasts three drive‑in doors.
    • Includes a 1,690 SF heated manufacturing building with durable concrete floors.
    • Benefit from substantial power with 600 amp, 3 phase service.
    • Equipped with a 40 kW solar system.
    • Public water and sewer service provided.

    Overview

    This property features a 6,700+ square foot flex building, which includes 1,344 square feet of finished and conditioned office space and 5,360 square feet of heated warehouse space. The warehouse has three drive-in doors. Additionally, there is a 1,690 square foot manufacturing building with concrete floors and heating. The property is equipped with a 40 kW solar system and is served by 600 amp, 3 phase power, as well as public water and sewer service.

    Local Financial Insights For Warehouse

    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 $98.5k $11.74
    − Vacancy −$5.9k −$0.70
    EGI $92.6k $11.04
    − OpEx −$13.9k −$1.66
    NOI $78.7k $9.38
    8,394 SF · lease $11.74/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.12M
    $984.2K – $1.31M (±1% cap)
    NOI $78,738 @ 7.0% cap · market cap 5.25%
    Second Best
    Industrial
    $926.3K
    $810.5K – $1.08M (±1% cap)
    NOI $64,843 @ 7.0% cap · market cap 4.32%
    Theoretical Best
    Specialty Retail
    $3.11M
    $2.72M – $3.63M (±1% cap)
    NOI $217,727 @ 7.0% cap · market cap 14.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • The Sauced Savage BBQ — 615 E Main St, Thurmont, MD 21788

    Location Insight

    • Map
    • Local Demand
    City
    Thurmont
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4094
    Latitude
    39.6192

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    FAQs

    What type of property is this?
    Flex space - Flex and manufacturing buildings with solar system for sale.
    Where is this flex space located?
    The property is located at 142 Water St Thurmont, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 6,700+ SF flex building featuring 1,344 SF of finished office space and a spacious 5,360 SF heated warehouse.; Warehouse boasts three drive‑in doors.; Includes a 1,690 SF heated manufacturing building with durable concrete floors.
    (301) 748-5670 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dave Wilkinson
    Real Estate License ID: 659717
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