Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Howard County Farmland Opportunity Title is generated by Realmo AI

    17794 Old Frederick Rd, Mount Airy, MD 21771

    View on Map
    Claim this Listing
    For Sale
    $950,000

    68 acres of farmland and woodland in Mount Airy area.

    Type:Land or Vacant Lot
    Lot size:
    68.12 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    195
    Last Refresh:
    May 10 at 9:19 pm

    Property Features for 17794 Old Frederick Rd

    General Information

    Standard status
    Active
    Lot size
    68.12 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CYNTHIA B LOVERDE

    Listing agent CYNTHIA B LOVERDE

    Listing office REALTY CONCEPTS, INC.

    Listing date Nov 23, 2025

    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 REALTY CONCEPTS, INC.

    HighLights

    • Large Acreage: 68± acres in Howard County, a rare opportunity.
    • Preservation Easement: Protected land ensuring long‑term rural landscape with one homesite allowed.
    • Income Potential: 14‑acre solar land lease option with potential income of approximately $35,000 per year for 25 years.
    • Versatile Land Use: Suited for a private estate, equestrian farm, agricultural retreat, vineyard, orchard, or hobby farm.
    • Unlimited Outbuildings: Potential for unlimited barns or outbuildings.
    • Convenient Location: Easy access to I‑70, Routes 94, 32 and 27, close to Mount Airy and Lisbon, with commuting distance to Ellicott City, Columbia, and Frederick.

    Overview

    This 68± acre property in the Mount Airy area of Howard County features gently rolling farmland and woodland. Protected under a county preservation easement, the property allows for one homesite, offering the opportunity to create a private country estate, equestrian farm, or agricultural retreat. The land includes open fields, mature trees, and pastoral views, suitable for horses, livestock, hay, or specialty crops. There is a solar land lease option on 14 acres with 2 years remaining, potentially producing approximately $35,000 per year over 25 years with possible extensions. Currently, 20 acres are in hay production, 30 acres are in a Forest Conservation Tree Bank, and 13 acres are unrestricted forest. The site could also support a vineyard, orchard, or hobby farm, with potential for unlimited barns or outbuildings. Five acres north of the CSX are in a riparian flood plain. Neighboring properties consist of well-maintained farms and estates. The property is conveniently located between Mount Airy and Lisbon, with easy access to I-70 and Routes 94, 32, and 27, offering commuting distance to Ellicott City, Columbia, and Frederick. This property presents an opportunity for a private home, agricultural operation, or long-term land investment.
    Location Intelligence

    Current Use by Public Records

    Alt. Energy / Solar ...

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.131
    Latitude
    39.3567

    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
    • $350,000

      5.92 Acres in Mount Airy

      Exceptional 5.92-acre parcel for custom home construction or investment.
      810 W WATERSVILLE Road, 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
    • $238,000

      Mount Airy Homesite Opportunity

      1.15 acre perk-approved lot in a peaceful, wooded setting.
      DETRICK Road lot: 19A, MOUNT AIRY, MD 21771
      View Details
    • $268,000

      3.9 Acre Homesite in Mt

      Homesite in Mt Airy with space, seclusion, and scenic surroundings.
      DETRICK Road lot: 16, MOUNT AIRY, MD 21771
      View Details
    • $310,000

      9.82 Acre Homesite in Mt Airy

      9.82 acre perk-approved lot for building your dream home.
      DETRICK Road lot: 19, MOUNT AIRY, MD 21771
      View Details
    • $243,000

      Homesite in Mount Airy, MD

      1.58 acre perk-approved lot in a natural setting.
      DETRICK Road lot: 19C, 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
    • $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 Building on Penn Shop

      Warehouse building with active electric service, sold as-is.
      13967 Penn Shop Rd, MOUNT AIRY, MD 21771
      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

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 68 acres of farmland and woodland in Mount Airy area.
    Where is this agricultural land / farmland located?
    The property is located at 17794 Old Frederick Rd Mount Airy, MD.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Large Acreage: 68± acres in Howard County, a rare opportunity.; Preservation Easement: Protected land ensuring long‑term rural landscape with one homesite allowed.; Income Potential: 14‑acre solar land lease option with potential income of approximately $35,000 per year for 25 years.
    (410) 788-9995
    We can help!
    Listing Contact
    CYNTHIA B LOVERDE
    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
    17794 Old Frederick 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!