Two Flex Buildings For
For Sale
$2,300,000
23-25 Henry Ford Circle, Waldorf, MD 20602
Two 10,000 SF flex buildings available for purchase.
Property Size10,000 SF
Price / SF$230
Days on Market343
Property Features for 23-25 Henry Ford Circle
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Building Size
10,000 SF
Listing Agency:
KLNB - Columbia
Listed By:
Alan Coppola
(443) 574-1404
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 25
Last Checked: Oct 28 at 7:34AM
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 KLNB - Columbia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two flex buildings, each with 10,000 square feet of space, are available for sale. The buildings can be purchased separately. The property's net operating income (NOI) is $129,444, with a projected year two NOI of $192,888.
Key Highlights
- Two 10,000 square foot flex buildings
- NOI = $192,888 in Year 2
- NOI = $129,444 in Year 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,266
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,320
$2.1M
Cap Rate 7%
$1,475,229
$1.5M
Cap Rate 9%
$1,147,400
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$160.8K $16.08/SF
− Vacancy
−$1.9K −$0.19/SF
EGI
$158.9K $15.89/SF
− OpEx
−$55.6K −$5.56/SF
NOI
$103.3K $10.33/SF
Area
Charles County, MD
Vacancy
1.20%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,320
Cap Rate 7%
$1,475,229
Cap Rate 9%
$1,147,400
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.29M – $1.72M
NOI $103,266 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $96,197 @ 7.0% cap · market cap 4.18%
Theoretical Best
Multifamily LT 5
$140.42M
$122.86M – $163.82M
NOI $9,829,096 @ 7.0% cap · market cap 427.35%
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
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20602, MD
28,736
Population
10,899
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
95%
High-School Grad
14.5 sq mi
ZIP Area
1,982
Density / Sq Mi
$108,733
Median Household Income
$56,893
Median Earnings
$1,803
Median Rent
$360,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Charismatic Creations — 14 Irongate Dr STE B, Waldorf, MD 20602
- Divine Goodness — 150 Post Office Rd Suite 1187, Waldorf, MD 20602
- Legacy Carryout & Catering — 3645 Leonardtown Rd, Waldorf, MD 20602
- My Licka Cabinet — 3261 Old Washington Rd Suite 2020, Waldorf, MD 20602
Frequently Asked Questions
What type of property is this?
Flex space - Two 10,000 SF flex buildings available for purchase.
Where is this flex space located?
The property is located at 23-25 Henry Ford Circle Waldorf, MD.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two 10,000 square foot flex buildings; NOI = $192,888 in Year 2; NOI = $129,444 in Year 1
