Mixed-Use Income Portfolio with Auto
For Sale
Under Contract
$774,900
16700 FREDERICK Road, Mount Airy, MD 21771
MULTI_FAMILY - MOUNT AIRY, MD
Property Size8,566 SF
Lot Size1.00 Acre
Price / SF$90.46
Days on Market106
Property Features for 16700 FREDERICK Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
15
Parking features
Driveway
Fireplace
1
Elementary school
LISBON
Middle school
GLENWOOD
High school
GLENELG
Elementary school district
HOWARD COUNTY PUBLIC SCHOOL SYSTEM
Middle school district
HOWARD COUNTY PUBLIC SCHOOL SYSTEM
High school district
HOWARD COUNTY PUBLIC SCHOOL SYSTEM
Standard status
Active Under Contract
Size
8,566 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
9711
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Multi Units, Window Unit(s)
Building Details
Year built
1900
Number of units
4
Building materials
Frame, Block, Log, Vinyl Siding
Listing Agency:
Keller Williams Realty Centre
(410) 312-0000
Listed By:
Vishal P Doddanna · License #618185
(443) 718-9646
Added: Apr 18
Changed: Jul 15
Last Checked: Aug 1 at 1:06PM
MLS# MDHW2067038
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use income portfolio includes four income-producing units: one single-family residence, one residential duplex, and a commercial auto repair shop featuring an associated garage and gravel lot. The property is currently 100% occupied. Based on the provided information, all tenants are on monthly renewals, creating a near-term rollover opportunity.
The units are located at 16700–16708 Frederick Road (Route 144) in Mt. Airy, Maryland, positioned along the Frederick Road corridor. The offering also provides direct access to I-70.
For investors seeking a small-balance, mixed-use package, this structure offers both residential and automotive income streams within a single assemblage. The current gross rental income is reported as $74,160. The listing further notes that rents across all units are materially below market, with an immediate mark-to-market opportunity of at least $20,400 annually upon lease rollover. Because renewals are on a monthly basis, the property may allow for relatively prompt adjustments as leases turn over.
The units are located at 16700–16708 Frederick Road (Route 144) in Mt. Airy, Maryland, positioned along the Frederick Road corridor. The offering also provides direct access to I-70.
For investors seeking a small-balance, mixed-use package, this structure offers both residential and automotive income streams within a single assemblage. The current gross rental income is reported as $74,160. The listing further notes that rents across all units are materially below market, with an immediate mark-to-market opportunity of at least $20,400 annually upon lease rollover. Because renewals are on a monthly basis, the property may allow for relatively prompt adjustments as leases turn over.
Key Highlights
- Mt. Airy mixed‑use portfolio with 4 income‑producing units at 16700–16708 Frederick Rd (Route 144)
- Includes a single‑family home, residential duplex, and commercial auto repair shop with associated garage and gravel lot
- 100% occupied generating $74,160 in current gross rental income; rents are below market
Financial Insights For Industrial
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 | $100.6k | $11.74 |
| − Vacancy | −$6.0k | −$0.70 |
| EGI | $94.5k | $11.04 |
| − OpEx | −$28.4k | −$3.31 |
| NOI | $66.2k | $7.72 |
8,566 SF · lease $11.74/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,793 @ 7.0% cap · market cap 16.36%
Second Best
Apartment 5plus
$1.66M
$1.46M – $1.94M
NOI $116,548 @ 7.0% cap · market cap 15.04%
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,188 @ 7.0% cap · market cap 28.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Four-unit mixed-use portfolio combines residential income with an auto repair shop, all currently occupied with monthly renewals.
Where is this auto shop located?
The property is located at 16700 FREDERICK Road Mount Airy, MD.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Mt. Airy mixed‑use portfolio with 4 income‑producing units at 16700–16708 Frederick Rd (Route 144); Includes a single‑family home, residential duplex, and commercial auto repair shop with associated garage and gravel lot; 100% occupied generating $74,160 in current gross rental income; rents are below market
