Building Details

Year Built 1969

Listing Agency: Samson Properties Show Phone

Listed By: Shanita D Traynham · License #17987 Show Phone

Source: Cummingsrealtors

Added: Jul 21 Changed: Sep 20 Last Checked: Sep 21 at 6:36AM

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Investment Insights

Based on property information with market context.

The property combines an automotive/commercial shop with a residential rancher. The shop features a sizable workshop area with a bay door, along with lobby and office areas, a storage room, and two restrooms. Due to limited use over the past few years, the shop will require TLC and a buyer’s vision.

The property is located at 20098 Piney Point Road in Callaway, MD, and includes ample parking. The residential portion is a classic 3-bedroom, 2.5-bath rancher with a main living area, separate kitchen/dining space, home office, family room, and a pub-style game room. It also includes a laundry room, a primary suite with two walk-in closets, a bathroom with double sink countertop, soaker tub, and separate walk-in shower, plus a sunroom with its own heating and cooling system. The property sits on approximately 1.49 acres and includes a patio area, a shed with a sink, and a 2-car garage.

As an added item, all structures have a new roof (2025), and all buildings have electricity. The property is being sold As-Is, and the preferred title company is Cardinal Title.

Key Highlights

• Commercial shop built in 1969 with workshop area, bay door, lobby/office areas, storage room, and two restrooms
• Ample parking available for the commercial shop
• All structures have a new roof (2025) and all buildings have electricity

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

$57,371

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

5.22%

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%

$1,147,420 $1.1M

Cap Rate 7%

$819,586 $819.6K

Cap Rate 9%

$637,456 $637.5K

Market Conditions

NOI Build-Up for 5,939 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

$89.1K $15.00/SF

− Vacancy

−$7.1K −$1.20/SF

EGI

$82.0K $13.80/SF

− OpEx

−$24.6K −$4.14/SF

NOI

$57.4K $9.66/SF

Area

St. Mary's County, MD

Vacancy

8.00%

Lease Rate

$15.00 /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%

$1,147,420

Cap Rate 7%

$819,586

Cap Rate 9%

$637,456

Alternative Uses

Best Use

Retail

$819.6K

$717.1K – $956.2K (±1% cap)

NOI $57,371 @ 7.0% cap · market cap 5.22%

Second Best

Industrial

$787.5K

$689.1K – $918.8K (±1% cap)

NOI $55,126 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$2.20M

$1.93M – $2.57M (±1% cap)

NOI $154,174 @ 7.0% cap · market cap 14.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Hair Salon Nail Salon Spa & Massage Center Auto Repair Shop Wine and Liquor 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

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 20620, MD

1,588

Population

426

Households

3.7

Avg Household Size

40

Median Age

17%

College-Educated

98%

High-School Grad

4.3 sq mi

ZIP Area

369

Density / Sq Mi

$154,188

Median Household Income

$70,956

Median Earnings

$1,360

Median Rent

$369,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Penrod's Automotive Repair — 45190 Happyland Rd, Valley Lee, MD 20692
• Top Shelf Tinting — 45161 Smiths Ln, Callaway, MD 20620
• St. Mary's Automotive — 20268 Piney Point Rd, Callaway, MD 20620
• SOMD DETAILING & WINDOW TINT — 20294 Piney Point Rd #131, Callaway, MD 20620

Frequently Asked Questions

What type of property is this?

Auto shop - Includes a commercial shop with workshop, office, storage, restrooms, and a bay door, plus ample parking.

Where is this auto shop located?

The property is located at 20098 PINEY POINT ROAD Callaway, MD.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Commercial shop built in 1969 with workshop area, bay door, lobby/office areas, storage room, and two restrooms; Ample parking available for the commercial shop; All structures have a new roof (2025) and all buildings have electricity