Mount Airy Commercial Space
401 Center Street Unit 1, Mount Airy, MD 21771
For Sale
$299,900
Commercial space for sale in Mount Airy, Maryland.
Property Size1,214 SF
Price / SF$247.03
Days on Market249
Property Features for 401 Center Street Unit 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Built
Stories
Listing Agency:
Coldwell Banker Realty
Listed By:
Jody Bell · License #657917
(240) 674-3937
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 23
Last Checked: Aug 25 at 5:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial space, located on Center Street in Mount Airy, Maryland, is available for purchase. Unit 1 offers 1,214 square feet of space and includes a 10' x 8' overhead door, a glass door entry way, ceramic tiling, and exposed ceiling venting. The layout features an open space design and a modern bathroom. Currently tenant-occupied as office/warehouse space, this property is suitable for both owner-occupants and investors. The property's location within the Town of Mount Airy provides convenient commuter access to Routes 27 & 26 and I-70.
Key Highlights
- Conveniently located in Mount Airy with easy access to Routes 27 & 26 and I‑70.
- 1,214 sf unit suitable for owner occupants or investors.
- Features a 10' x 8' Overhead Door with Glassdoor Entry Way.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,378
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,560
$187.6K
Cap Rate 7%
$133,971
$134.0K
Cap Rate 9%
$104,200
$104.2K
Market Conditions
NOI Build-Up for 1,214 SF
Gross rent
$14.3K $11.74/SF
− Vacancy
−$855 −$0.70/SF
EGI
$13.4K $11.04/SF
− OpEx
−$4.0K −$3.31/SF
NOI
$9.4K $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%
$187,560
Cap Rate 7%
$133,971
Cap Rate 9%
$104,200
Alternative Uses
Best Use
Industrial
$134.0K
$117.2K – $156.3K
NOI $9,378 @ 7.0% cap · market cap 3.13%
Second Best
Flex RnD
$115.7K
$101.3K – $135.0K
NOI $8,100 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$449.8K
$393.6K – $524.8K
NOI $31,489 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
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
Similar Off Market Nearby
- Love and Dishes Catering — 3 Sunset Ave, Mt Airy, MD 21771
Frequently Asked Questions
What type of property is this?
Flex space - Commercial space for sale in Mount Airy, Maryland.
Where is this flex space located?
The property is located at 401 Center Street Unit 1 Mount Airy, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Conveniently located in Mount Airy with easy access to Routes 27 & 26 and I‑70.; 1,214 sf unit suitable for owner occupants or investors.; Features a **10' x 8' Overhead Door with Glassdoor Entry Way**.
