1901 Monkton Rd, Monkton, MD 21111

Building Details

Year Built 1861 More

Listing Agency: KRAUSS REAL PROPERTY BROKERAGE Show Phone

Listed By: HEIDI S KRAUSS · License MD #525124 Show Phone

Source: Corcoran

Added: Nov 8, 2024 Changed: Aug 24 Last Checked: Aug 14 at 6:02AM

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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 KRAUSS REAL PROPERTY BROKERAGE

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Investment Insights

Based on property information with market context.

The Monkton Town Hall, dating back to circa 1861, offers a premium commercial location in the heart of Monkton, situated on the trail and a short walk to the Gunpowder. Purchased by Samuel Miller from the Meredith family in 1849, the building was presumed to be built as a store-house by Miller in connection with the Monkton Hotel. The property features 3,497 square feet across three levels. Substantial renovations were completed in 2017. The property offers the potential to live where you work, with the NCR Trail located right outside. It presents a magnificent opportunity for exposure and cultivating a new lifestyle in 2025. Steeped in local Monkton history, the building exudes old soul while incorporating modern amenities and systems. Ample parking is available. Zoning is BL-CR. New Norwood historically correct windows in the color sailcloth were installed in 2016, along with new gutters and downspouts, and a new well water filtration system. A new A/C unit was installed in 2021.

Key Highlights

• Premium location in the heart of Monkton on the NCR Trail, offering high exposure and lifestyle opportunities.
• 3,497 sq.ft. commercial space on three levels, suitable for living and working.
• Substantial renovations completed in 2017, blending historic charm with modern amenities.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,188

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$983,760 $983.8K

Cap Rate 7%

$702,686 $702.7K

Cap Rate 9%

$546,533 $546.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,497 SF

Gross rent

$93.6K $26.76/SF

− Vacancy

−$14.9K −$4.25/SF

EGI

$78.7K $22.51/SF

− OpEx

−$29.5K −$8.44/SF

NOI

$49.2K $14.07/SF

Area

Baltimore County, MD

Vacancy

15.90%

Lease Rate

$26.76 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$983,760

Cap Rate 7%

$702,686

Cap Rate 9%

$546,533

Alternative Uses

Best Use

Mixed Use

$702.7K

$614.9K – $819.8K (±1% cap)

NOI $49,188 @ 7.0% cap · market cap 5.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$779.6K

$682.2K – $909.6K (±1% cap)

NOI $54,575 @ 7.0% cap · market cap 6.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Building Supply Plumbing Service Auto Parts Store Daycare Center Gym & Fitness Center Arcade & Gaming Center

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

33

Businesses Nearby

Explore this area Business Placement

Demographics for 21111, MD

5,062

Population

1,902

Households

2.7

Avg Household Size

48

Median Age

64%

College-Educated

99%

High-School Grad

35.3 sq mi

ZIP Area

143

Density / Sq Mi

$135,781

Median Household Income

$63,322

Median Earnings

$1,458

Median Rent

$585,400

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Baltimore County, MD

$146 Jul

$141 Aug

$154 Sep

$158 Oct

Properties on Market for Mixed-use properties in Baltimore County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Historic mixed-use building with modern amenities and ample parking.

Where is this mixed-use property located?

The property is located at 1901 Monkton Rd Monkton, MD.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Premium location in the heart of Monkton on the NCR Trail, offering high exposure and lifestyle opportunities.; 3,497 sq.ft. commercial space on three levels, suitable for living and working.; Substantial renovations completed in 2017, blending historic charm with modern amenities.