Fully Occupied Investment
For Sale
$3,500,000
2904 Back Acre Cir, Mount Airy, MD 21771
15,866 SF building with 100% occupancy in Twin Arch.
Property Size15,866 SF
Price / SF$220.60
Days on Market175
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Property Features for 2904 Back Acre Cir
General Information
Standard status
Active
Size
15,866 SF
Building Details
Year Built
2003
Listing Agency:
Coldwell Banker Realty
Listed By:
Jody Bell · License #657917
(240) 674-3937
Source:
Kableteam
Added: Apr 24
Changed: Oct 12
Last Checked: Oct 7 at 1:02PM
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
Estimated NOI and Cap Rate
NOI / Yr
$122,564
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,280
$2.5M
Cap Rate 7%
$1,750,914
$1.8M
Cap Rate 9%
$1,361,822
$1.4M
Market Conditions
NOI Build-Up for 15,866 SF
Gross rent
$186.3K $11.74/SF
− Vacancy
−$11.2K −$0.70/SF
EGI
$175.1K $11.04/SF
− OpEx
−$52.5K −$3.31/SF
NOI
$122.6K $7.72/SF
Area
Frederick County, MD
Vacancy
6.00%
Lease Rate
$11.74 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,280
Cap Rate 7%
$1,750,914
Cap Rate 9%
$1,361,822
Alternative Uses
Best Use
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,564 @ 7.0% cap · market cap 3.50%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,860 @ 7.0% cap · market cap 3.02%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21771, MD
30,697
Population
11,401
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
89.5 sq mi
ZIP Area
343
Density / Sq Mi
$154,844
Median Household Income
$70,011
Median Earnings
$2,117
Median Rent
$532,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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.
