Retail
29015 THREE NOTCH ROAD #8, Mechanicsville, MD 20659
For Sale
Contact for pricing
Retail suite in Mechanicsville with tenant-paid electric, internet, and general upkeep.
Property Size13,972 SF
Price / SF$0.14
Days on Market104
Property Features for 29015 THREE NOTCH ROAD #8
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
OE Realty
Listed By:
Amy Nicole Scott · License MD #673809
(240) 484-8887
Source:
Cummingsrealtors
Added: Jul 31
Changed: Nov 10
Last Checked: Nov 10 at 8:56AM
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 OE Realty
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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.
This retail space is located at 29015 Three Notch Road, Suite 8, in Mechanicsville, Maryland. The property was built in 1973 and sits in the Southside area of Three Notch.
Suite operating responsibilities identified in the property information include electric, internet, and general upkeep, with those costs paid by the tenant. Negotiable term options range from one to three years.
Suite operating responsibilities identified in the property information include electric, internet, and general upkeep, with those costs paid by the tenant. Negotiable term options range from one to three years.
Key Highlights
- Retail suite at 29015 Three Notch Road #8, Mechanicsville, MD 20659
- Located in the Southside area of Three Notch
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,970
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,699,400
$2.7M
Cap Rate 7%
$1,928,143
$1.9M
Cap Rate 9%
$1,499,667
$1.5M
Market Conditions
NOI Build-Up for 13,972 SF
Gross rent
$209.6K $15.00/SF
− Vacancy
−$16.8K −$1.20/SF
EGI
$192.8K $13.80/SF
− OpEx
−$57.8K −$4.14/SF
NOI
$135.0K $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 Rate 5%
$2,699,400
Cap Rate 7%
$1,928,143
Cap Rate 9%
$1,499,667
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $134,970 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.05M
NOI $362,708 @ 7.0% cap
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
184
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Home Improvements & Furnishings 29%
84 Lumber
Home Improvements & Furnishings
1,134 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
962 visits/mo
0.4 miles
Mr. Tire
Shops & Services
820 visits/mo
0.4 miles
MyEyeDr.
Shops & Services
731 visits/mo
0.1 miles
Fisher Auto Parts
Shops & Services
307 visits/mo
0.1 miles
Demographics for 20659, MD
24,427
Population
8,546
Households
2.9
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
97.0 sq mi
ZIP Area
252
Density / Sq Mi
$117,571
Median Household Income
$65,130
Median Earnings
$1,781
Median Rent
$388,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail suite in Mechanicsville with tenant-paid electric, internet, and general upkeep.
Where is this retail space located?
The property is located at 29015 THREE NOTCH ROAD #8 Mechanicsville, MD.
What are key features of this property?
This property features: Retail suite at 29015 Three Notch Road #8, Mechanicsville, MD 20659; Located in the Southside area of Three Notch; Built in 1973
