Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Retail Space in Mount Airy Title is generated by Realmo AI

    233-239 South Main Street, Mount Airy, MD 21771

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr $2,702/Mo (calc)

    Retail space in walkable downtown Mount Airy, Maryland.

    Type:Retail
    Property size:
    1,707 SF
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 11:03 pm

    Property Features for 233-239 South Main Street

    General Information

    Standard status
    Active
    Size
    1,707 SF
    Property subtype
    Retail

    Spaces For Lease

    at 233-239 South Main Street Contact us

    We can help!

    Listing Contact
    James F. Miers

    Listing agent James F. Miers

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 James F. Miers

    HighLights

    • Prime location in Mount Airy's historic downtown, a highly walkable corridor.
    • Excellent visibility and access for a retail shop.
    • Ample on‑site parking.
    • 1,707± SF of small shop space available.
    • Surrounded by locally‑owned shops, eateries, and civic landmarks.
    • Quick and easy access to I‑70.

    Overview

    Located in the historic downtown of Mount Airy, the property at 233-239 South Main Street offers an opportunity for a small retail shop with visibility and access. The 1,707± square foot space is positioned in Mount Airy’s walkable corridor, surrounded by locally-owned shops, eateries, and civic landmarks. The historic brick retail property has served as a destination for specialty retail, restaurants, and neighborhood foot traffic. Ample on-site parking is available, and the property provides quick and easy access to I-70.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.1552
    Latitude
    39.375

    Nearby Similar for Lease

    • $1,800/Mo

      Renovated Office Space with Utilities

      Move-in ready office space with flexible lease terms available.
      13146 OLD NATIONAL Pike, MOUNT AIRY, MD 21771
      View Details
    • $2,900/Mo

      Professional Office Suite in Mt. Airy

      Well-designed office suite with excellent functionality and visibility.
      602 CENTER Street, MOUNT AIRY, MD 21771
      View Details
    • $1,800/Mo

      Renovated Office Space with Utilities

      Move-in ready office space with flexible lease terms.
      13146 OLD NATIONAL Pike, Mount Airy, MD 21771
      View Details
    • $1,800/Mo

      Renovated Office Space with Utilities

      Move-in-ready office space with utilities included in Mt. Airy.
      13146 Old National Pike, MOUNT AIRY, MD 21771
      View Details
    • $385/Mo

      Mount Airy Office Space Available

      Single-user office space in Mount Airy, Maryland for rent.
      1517 RIDGESIDE Dr, Mount Airy, MD 21771
      View Details
    • $1,500/Mo

      Updated Office Space with Garage

      Commercial office space with garage and outdoor storage in Mt. Airy.
      13146 Old National Pike, MOUNT AIRY, MD 21771
      View Details
    • $16 SF/Yr

      Mount Airy Office Space Lease

      Office spaces available for lease in Mount Airy, Maryland.
      1311 MAIN Street, MOUNT AIRY, MD 21771
      View Details
    • Contact for pricing
      1,475 SF

      Retail/Office Space Available Now

      Inline retail/office space in destination center, anchored by Weis.
      1001 Twin Arch Rd, Mount Airy, MD
      View Details
    • Contact for pricing
      2,108 SF

      Retail Space in Mt. Airy

      Retail space available in affluent Mt. Airy trade area.
      520 E Ridgeville Blvd, Mount Airy, MD
      View Details
    • Contact for pricing

      Medical Center in Mt Airy

      Medical office space with established healthcare tenants.
      205 Center St, Mt Airy, MD 21771
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in walkable downtown Mount Airy, Maryland.
    Where is this retail space located?
    The property is located at 233-239 South Main Street Mount Airy, MD.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Mount Airy's historic downtown, a highly walkable corridor.; Excellent visibility and access for a retail shop.; Ample on‑site parking.
    (301) 605-3846
    We can help!
    Listing Contact
    James F. Miers
    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
    233-239 South Main Street, 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!