Connected Retail Buildings with
21018 JEFFERSON Blvd Smithsburg, MD 21783
21018 JEFFERSON Blvd, Smithsburg, MD, 21783
$419,000
For Sale
$419,000
Flexible retail site with two connected buildings and a paved parking lot, sold as-is.
Property Size2,500 SF
Lot Size0.85 Acres
Price / SF$167.60
Days on Market19
Property Features for 21018 JEFFERSON Blvd
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.85 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Warner Commercial
(301) 663-0202
Listed by
Jonathan M Warner · License #91909
(301) 663-0202
Source
Elliman
Added: Jul 3 Updated: Jul 21 at 1:42AM Checked: Jul 21 at 1:42AM
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 Warner Commercial
Investment Insights
Based on property information with market context.
This flexible commercial pad site includes approximately 2,500 square feet of commercial space across two buildings that are connected. The property features a paved parking lot and is being sold as-is.
The site is described as having excellent street frontage and easy highway access, supporting straightforward customer access for retail uses. Public walking scores indicate a car-dependent setting.
The offering combines usable retail space in a two-building configuration with paved on-site parking, positioned for a tenant or buyer seeking a connected storefront layout within a larger lot.
The site is described as having excellent street frontage and easy highway access, supporting straightforward customer access for retail uses. Public walking scores indicate a car-dependent setting.
The offering combines usable retail space in a two-building configuration with paved on-site parking, positioned for a tenant or buyer seeking a connected storefront layout within a larger lot.
Key Highlights
- Approximately 2,500 SF of commercial space in two connected buildings
- Lot size is approximately 37,000 SF
- Paved parking lot included
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 | $42.6k | $17.04 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $39.1k | $15.64 |
| − OpEx | −$11.7k | −$4.69 |
| NOI | $27.4k | $10.95 |
2,500 SF · lease $17.04/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$391.1K
$342.2K – $456.3K
NOI $27,375 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$554.6K
$485.2K – $647.0K
NOI $38,819 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pools Patios & Porches
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Flexible retail site with two connected buildings and a paved parking lot, sold as-is.
Where is this storefront property located?
The property is located at 21018 JEFFERSON Blvd Smithsburg, MD.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Approximately 2,500 SF of commercial space in two connected buildings; Lot size is approximately 37,000 SF; Paved parking lot included
