Building Details

Year Built 1900

Buildings 5

Listing Agency: EXP Realty, LLC b***@bettythemdrealtor.com Show Phone

Listed By: Elizabeth DuLaney Show Phone

Source: Xome

Added: Nov 1, 2025 Changed: Aug 30 Last Checked: Aug 31 at 2:47PM

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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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines an office/house building with multiple work and storage improvements. The commercial office/house contains 2,023 square feet, while the commercial garage provides 2,661 square feet. Additional buildings include a 480-square-foot equipment storage building, a 626-square-foot garage, and a 915-square-foot office/storage building. A 7,000-square-foot paved parking area serves the improvements, which sit on 2.24 acres.

The property at 315 Brick Church Road in Davidsonville is subject to RA zoning with an existing nonconforming C-4 commercial use. The site has a level, wooded setting with a corner-lot configuration, private driveway access, and well and septic service. Reported improvements include a 2023 roof and gutters, new roofs on all outbuildings, a 2024 equipment-shed exterior update, and updated heating, water-treatment, electrical, kitchen, and appliance components. The property is being sold as-is.

Key Highlights

• 2.24‑acre mixed‑use property at 315 Brick Church Road, Davidsonville, MD 21035
• Existing nonconforming C‑4 commercial use within RA zoning
• 2,023 SF commercial office/house and 2,661 SF commercial garage

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$69,246

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.96%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,384,920 $1.4M

Cap Rate 7%

$989,229 $989.2K

Cap Rate 9%

$769,400 $769.4K

Market Conditions

NOI Build-Up for 6,705 SF 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.

Gross rent

$120.7K $18.00/SF

− Vacancy

−$9.9K −$1.48/SF

EGI

$110.8K $16.52/SF

− OpEx

−$41.5K −$6.20/SF

NOI

$69.2K $10.33/SF

Area

Anne Arundel County, MD

Vacancy

8.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,384,920

Cap Rate 7%

$989,229

Cap Rate 9%

$769,400

Alternative Uses

Best Use

Mixed Use

$989.2K

$865.6K – $1.15M (±1% cap)

NOI $69,246 @ 7.0% cap · market cap 7.96%

Second Best

Office B

$671.6K

$587.6K – $783.5K (±1% cap)

NOI $47,009 @ 7.0% cap · market cap 5.40%

Theoretical Best

Office A

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,297 @ 7.0% cap · market cap 15.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Live-work space

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service Garden Center Restaurant Travel Agency Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 21035, MD

8,298

Population

2,859

Households

2.9

Avg Household Size

46

Median Age

56%

College-Educated

97%

High-School Grad

31.1 sq mi

ZIP Area

267

Density / Sq Mi

$176,597

Median Household Income

$85,345

Median Earnings

$2,920

Median Rent

$801,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Office, workshop, storage, and residential components support flexible owner-operator or small-business use.

Where is this mixed-use property located?

The property is located at 315 Brick Church Road Davidsonville, MD.

What is the asking price?

The asking price for this property is $869,900.

What are key features of this property?

This property features: 2.24‑acre mixed‑use property at 315 Brick Church Road, Davidsonville, MD 21035; Existing nonconforming C‑4 commercial use within RA zoning; 2,023 SF commercial office/house and 2,661 SF commercial garage