Fully Occupied Investment
2904 BACK ACRE Cir Mount Airy, MD 21771
For Sale
$3,500,000
15,866 SF building with 100% occupancy in Twin Arch.
Property Size15,866 SF
Price / SF$220.60
Days on Market95
Property Features for 2904 BACK ACRE Cir
General Information
Standard status
Active
Size
15,866 SF
Property subtype
Industrial
Building Details
Year Built
2003
Listing Agency:
Coldwell Banker Realty
(240) 674-3937
Listed By:
Jody Bell · License #MD657917
(240) 674-3937
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 9:00AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located in Twin Arch Business Park, 2904 Back Acre Circle is a 15,866 square foot building constructed in 2003. The property contains eight units and is currently 100% occupied. Suited for industrial and office showroom use, the property is located in a prime industrial zone. This turnkey investment offers stability and rental income.
Key Highlights
- 100% Occupancy: Provides immediate and stable rental income.
- Turnkey Investment: Ready for immediate ownership.
- Prime Industrial Zone Location: Situated in a desirable and thriving business park.
Financial Insights For Office B
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 | $491.2k | $30.96 |
| − Vacancy | −$103.6k | −$6.53 |
| EGI | $387.6k | $24.43 |
| − OpEx | −$96.9k | −$6.11 |
| NOI | $290.7k | $18.32 |
15,866 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.15M
$3.63M – $4.84M
NOI $290,674 @ 7.0% cap · market cap 8.30%
Second Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,827 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$5.88M
$5.14M – $6.86M
NOI $411,538 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 15,866 SF building with 100% occupancy in Twin Arch.
Where is this flex space located?
The property is located at 2904 BACK ACRE Cir Mount Airy, MD.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and stable rental income.; Turnkey Investment: Ready for immediate ownership.; Prime Industrial Zone Location: Situated in a desirable and thriving business park.
