Office/Warehouse Unit with Overhead
401 Center St Unit 1 Mount Airy, MD 21771
New
401 Center St Unit 1, Mount Airy, MD, 21771
$265,000
For Sale
$265,000
Flex-style unit includes a 10' x 8' overhead door, glass entry, tiled interior, and modern bathroom.
Property Size1,214 SF
Price / SF$218.29
Days on Market2
Property Features for 401 Center St Unit 1
General Information
- Standard status
- Active
- Size
- 1,214 SF
Building Details
- Year Built
- 1987
Listing agency
Coldwell Banker Realty
(240) 674-3937
Listed by
Jody Bell · License #MD657917
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 1:12PM Checked: Jul 21 at 1:12PM
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.
This for-sale Unit 1 is a flex-style office/warehouse space configured with open area, a modern bathroom, ceramic tiling, and exposed ceiling venting. Access includes a 10' x 8' overhead door plus a glassdoor entry way, making it suitable for mixed office and light warehouse use. The unit is currently tenant occupied as an office/warehouse space.
Located within the Town of Mount Airy, the property offers convenient commuter access to Routes 27 & 26 and I-70. It is being marketed for sale for owner occupants or investors, providing a single-unit option for those seeking an office/warehouse layout in Mount Airy.
Located within the Town of Mount Airy, the property offers convenient commuter access to Routes 27 & 26 and I-70. It is being marketed for sale for owner occupants or investors, providing a single-unit option for those seeking an office/warehouse layout in Mount Airy.
Key Highlights
- 1987‑built commercial flex unit on Center Street in Mount Airy, MD
- Unit 1 offers 1,214 SF with an overhead door measuring 10' x 8'
- Glass door entry and ceramic‑tiled interior with exposed ceiling venting
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.6k | $30.96 |
| − Vacancy | −$7.9k | −$6.53 |
| EGI | $29.7k | $24.43 |
| − OpEx | −$7.4k | −$6.11 |
| NOI | $22.2k | $18.32 |
1,214 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$317.7K
$278.0K – $370.7K
NOI $22,241 @ 7.0% cap · market cap 8.39%
Second Best
Warehouse
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$449.8K
$393.6K – $524.8K
NOI $31,489 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Love and Dishes Catering — 3 Sunset Ave, Mt Airy, MD 21771
FAQs
What type of property is this?
Flex space - Flex-style unit includes a 10' x 8' overhead door, glass entry, tiled interior, and modern bathroom.
Where is this flex space located?
The property is located at 401 Center St Unit 1 Mount Airy, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1987‑built commercial flex unit on Center Street in Mount Airy, MD; Unit 1 offers 1,214 SF with an overhead door measuring 10' x 8'; Glass door entry and ceramic‑tiled interior with exposed ceiling venting
