Building Details

Year Built 1988

Listing Agency: Charis Realty Group s***@charisrealty.com Show Phone

Listed By: Stephen MacGray · License #652984 Show Phone

Source: Xome

Added: Jun 30 Changed: Aug 18 Last Checked: Aug 19 at 5:33AM

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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 Charis Realty Group

Investment Insights

Based on property information with market context.

This 1,196-square-foot office unit in Ellerslie provides a practical commercial setting with carpeted interior space and central air conditioning. The building was constructed in 1988 and features a composition shingle roof.

A paved parking area sits immediately in front of the entrance, supporting convenient customer access. The property occupies a corner position beside the local Post Office and can be reached from a major roadway. The address is 14212 Ellerslie Road, Ellerslie, Maryland 21529.

Key Highlights

• 1,196‑square‑foot office unit
• Corner position beside the Post Office
• Paved parking directly in front of the entrance

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$12,127

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.35%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$242,540 $242.5K

Cap Rate 7%

$173,243 $173.2K

Cap Rate 9%

$134,744 $134.7K

Market Conditions

NOI Build-Up for 1,196 SF 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.

Gross rent

$18.1K $15.12/SF

− Vacancy

−$760 −$0.64/SF

EGI

$17.3K $14.48/SF

− OpEx

−$5.2K −$4.35/SF

NOI

$12.1K $10.14/SF

Area

Allegany County, MD

Vacancy

4.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$242,540

Cap Rate 7%

$173,243

Cap Rate 9%

$134,744

Alternative Uses

Best Use

Office B

$261.0K

$228.4K – $304.5K (±1% cap)

NOI $18,271 @ 7.0% cap · market cap 11.07%

Second Best

Retail

$173.2K

$151.6K – $202.1K (±1% cap)

NOI $12,127 @ 7.0% cap · market cap 7.35%

Theoretical Best

Office A

$443.5K

$388.1K – $517.5K (±1% cap)

NOI $31,048 @ 7.0% cap · market cap 18.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Home Paramount Pest ... Garden Center

Suggested Use

Top Pick Auto Parts Store Butcher Big Box & Wholesale Store Hair Salon Nail Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Explore this area Business Placement

Demographics for 21529, MD

651

Population

304

Households

2.1

Avg Household Size

45

Median Age

3%

College-Educated

81%

High-School Grad

0.9 sq mi

ZIP Area

723

Density / Sq Mi

$34,167

Median Household Income

$28,125

Median Earnings

$145,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office unit with central air, front-entry parking, and access from a major roadway in Ellerslie.

Where is this office units located?

The property is located at 14212 ELLERSLIE ROAD Ellerslie, MD.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 1,196‑square‑foot office unit; Corner position beside the Post Office; Paved parking directly in front of the entrance