Flex Space with Overhead
For Sale
$265,000
Pending
401 CENTER ST #1 1, Mount Airy, MD 21771
Open commercial unit with office/warehouse occupancy and commuter access to Routes 27 and 26.
Property Size1,214 SF
Days on Market61
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Property Features for 401 CENTER ST #1 1
General Information
Standard status
Pending
Size
1,214 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Office Units
1
Amenities
overhead door with glass door entry
ceramic tiling
exposed ceiling venting
open space
modern bathroom
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Coldwell Banker Realty
(301) 983-0202
Listed By:
Jody Bell · License #657917
(240) 674-3937
Source:
Careyrealtygroup
Added: Aug 16
Changed: Oct 10
Last Checked: Oct 14 at 10:45PM
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.
Unit 1 offers 1,214 sf of flexible commercial space currently occupied for office/warehouse use. The layout includes open area, a modern bathroom, ceramic tile, exposed ceiling venting, a 10' x 8' overhead door, and a glass-door entry. These features support a practical combination of workspace, storage, and receiving functions within the unit.
The property is located in the Town of Mount Airy on Center Street, with commuter access to Routes 27 and 26 as well as I-70. The unit is available for an owner occupant or an investor seeking a tenant-occupied commercial asset.
The property is located in the Town of Mount Airy on Center Street, with commuter access to Routes 27 and 26 as well as I-70. The unit is available for an owner occupant or an investor seeking a tenant-occupied commercial asset.
Key Highlights
- 1,214 sf Unit 1 with open commercial layout
- 10' x 8' overhead door with glass‑door entry
- Currently tenant occupied for office/warehouse use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,241
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,820
$444.8K
Cap Rate 7%
$317,729
$317.7K
Cap Rate 9%
$247,122
$247.1K
Market Conditions
NOI Build-Up for 1,214 SF
Gross rent
$37.6K $30.96/SF
− Vacancy
−$7.9K −$6.53/SF
EGI
$29.7K $24.43/SF
− OpEx
−$7.4K −$6.11/SF
NOI
$22.2K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,820
Cap Rate 7%
$317,729
Cap Rate 9%
$247,122
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial unit with office/warehouse occupancy and commuter access to Routes 27 and 26.
Where is this flex space located?
The property is located at 401 CENTER ST #1 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: 1,214 sf Unit 1 with open commercial layout; 10' x 8' overhead door with glass‑door entry; Currently tenant occupied for office/warehouse use
