Assisted Living
3217 Bert Koontz Rd, Taneytown, MD 21787
For Sale
$1,200,000
Residential care property with a multi-bedroom layout for assisted living operations.
Property Size4,619 SF
Days on Market96
Property Features for 3217 Bert Koontz Rd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates | Columbia
Listed By:
Mark Mueller
(443) 286-9063
Source:
Lee-associates
Added: Aug 8
Changed: Nov 10
Last Checked: Nov 10 at 7:52AM
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 Lee & Associates | Columbia
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Investment Insights
Based on property information with market context.
This assisted living facility is configured for residential care operations, with 14 bedrooms and 5 bathrooms across a building constructed in 1978. The property is arranged to accommodate up to 16 residents, providing an established physical setting for senior housing use.
Key Highlights
- 14 bedrooms and 5 bathrooms
- Capacity for up to 16 residents
- Building constructed in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,856
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,120
$1.0M
Cap Rate 7%
$740,800
$740.8K
Cap Rate 9%
$576,178
$576.2K
Market Conditions
NOI Build-Up for 4,619 SF
Gross rent
$99.8K $21.60/SF
− Vacancy
−$5.5K −$1.19/SF
EGI
$94.3K $20.41/SF
− OpEx
−$42.4K −$9.19/SF
NOI
$51.9K $11.23/SF
Area
Carroll County, MD
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,120
Cap Rate 7%
$740,800
Cap Rate 9%
$576,178
Alternative Uses
Best Use
Apartment 5plus
$740.8K
$648.2K – $864.3K
NOI $51,856 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,908 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 21787, MD
11,066
Population
4,429
Households
2.5
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
61.1 sq mi
ZIP Area
181
Density / Sq Mi
$88,212
Median Household Income
$48,026
Median Earnings
$870
Median Rent
$344,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Residential care property with a multi-bedroom layout for assisted living operations.
Where is this assisted living facility located?
The property is located at 3217 Bert Koontz Rd Taneytown, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 14 bedrooms and 5 bathrooms; Capacity for up to 16 residents; Building constructed in 1978
