Neighborhood Retail Strip
1603 Ridgeside Dr Mount Airy, MD 21771
1603 Ridgeside Dr, Mount Airy, MD, 21771
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For Sale
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Retail strip property anchored by Rita’s Italian Ice & Frozen Custard with tenant mix including wellness and personal care.
Property Size4,896 SF
Lot Size0.66 Acres
Price / SF$306.37
Days on Market92
Property Features for 1603 Ridgeside Dr
General Information
- Standard status
- Active
- Size
- 4,896 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Listing agency
Cypress Property Advisors, LLC
Listed by
Michael Durst · License #MD 37642
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 6:32PM Checked: Jul 21 at 6:32PM
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 Cypress Property Advisors, LLC
Investment Insights
Based on property information with market context.
1603 Ridgeside Drive is a retail strip property offering 4,896 square feet on approximately 0.66 acres. The center includes an established tenant mix featuring Rita’s Italian Ice & Frozen Custard, along with Reflections Hair Design, MK Wellness Clinic, and Bullett’s Ink. Accessible parking supports day-to-day customer access for the various service- and food-oriented tenants.
The property is located in Mt. Airy, Maryland, within a neighborhood retail corridor. Convenient access is available to Route 27 and Interstate 70, serving a suburban community with local traffic supported by nearby residential development.
For prospective buyers, the asset is presented as a stable neighborhood retail offering with anchored tenancy and a balanced mix of food, personal care, wellness, and specialty services.
The property is located in Mt. Airy, Maryland, within a neighborhood retail corridor. Convenient access is available to Route 27 and Interstate 70, serving a suburban community with local traffic supported by nearby residential development.
For prospective buyers, the asset is presented as a stable neighborhood retail offering with anchored tenancy and a balanced mix of food, personal care, wellness, and specialty services.
Key Highlights
- 4,896‑sq‑ft retail strip property in Mt. Airy, MD
- On approximately 0.66 acres with convenient access to Route 27 and Interstate 70
- Anchored by Rita’s Italian Ice & Frozen Custard
Local 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 | $78.1k | $15.96 |
| − Vacancy | −$2.0k | −$0.40 |
| EGI | $76.2k | $15.56 |
| − OpEx | −$22.9k | −$4.67 |
| NOI | $53.3k | $10.89 |
4,896 SF · lease $15.96/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$761.9K
$666.6K – $888.9K
NOI $53,331 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $126,994 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail strip property anchored by Rita’s Italian Ice & Frozen Custard with tenant mix including wellness and personal care.
Where is this strip mall located?
The property is located at 1603 Ridgeside Dr Mount Airy, 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: 4,896‑sq‑ft retail strip property in Mt. Airy, MD; On approximately 0.66 acres with convenient access to Route 27 and Interstate 70; Anchored by Rita’s Italian Ice & Frozen Custard
