Building Details

Building Size 3,362 SF

Year Built 1890

Listing Agency: VCRE.CO a***@vcre.com Show Phone

Listed By: Amos R. Martin · License ##307505 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 17 Last Checked: Aug 20 at 8:08AM

Report an Issue

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 VCRE.CO

Investment Insights

Based on property information with market context.

This income-producing property presents an investment opportunity with proven short-term rental revenue and redevelopment potential. The property is currently zoned Ag with public water and sewer, potentially allowing for Agri-Tourism uses, schools, or churches, and potential for full-scale redevelopment, all subject to approvals. The property features turnkey short-term rentals with consistent occupancy and excellent guest reviews. Financials are available upon request. This property is ideal for investors, developers, entrepreneurs, or those seeking a hybrid income-producing property.

Key Highlights

• Income‑producing property with proven short‑term rental revenue.
• Redevelopment potential due to Ag zoning with public water and sewer.
• Turnkey short‑term rental operation with consistent occupancy.

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

$45,743

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

4.82%

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%

$914,860 $914.9K

Cap Rate 7%

$653,471 $653.5K

Cap Rate 9%

$508,256 $508.3K

Market Conditions

NOI Build-Up for 3,362 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

$87.5K $26.04/SF

− Vacancy

−$4.4K −$1.30/SF

EGI

$83.2K $24.74/SF

− OpEx

−$37.4K −$11.13/SF

NOI

$45.7K $13.61/SF

Area

Frederick County, MD

Vacancy

5.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

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%

$914,860

Cap Rate 7%

$653,471

Cap Rate 9%

$508,256

Alternative Uses

Best Use

Apartment 5plus

$653.5K

$571.8K – $762.4K (±1% cap)

NOI $45,743 @ 7.0% cap · market cap 4.82%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,205 @ 7.0% cap · market cap 9.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Restaurant Building Supply Hair Salon Nail Salon Garden Center Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 21755, MD

5,627

Population

2,200

Households

2.6

Avg Household Size

47

Median Age

42%

College-Educated

95%

High-School Grad

34.3 sq mi

ZIP Area

164

Density / Sq Mi

$134,677

Median Household Income

$63,615

Median Earnings

$1,268

Median Rent

$493,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Short term rental property - Income-generating property with short-term rental revenue and redevelopment potential.

Where is this short term rental property located?

The property is located at 3419 JEFFERSON Pike Jefferson, MD.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Income‑producing property with proven short‑term rental revenue.; Redevelopment potential due to Ag zoning with public water and sewer.; Turnkey short‑term rental operation with consistent occupancy.