Building Details

Year Built 1971

Stories 2

Building Size 3,000 SF

Listing Agency: CENTURY 21 Commercial New Millennium w***@c21nm.com Show Phone

Listed By: Mark A Frisco Jr. · License #633534 Show Phone

Source: Cummingsrealtors

Added: Jul 30 Changed: Oct 20 Last Checked: Oct 19 at 11:16AM

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Investment Insights

Based on property information with market context.

This flex property includes a 3,000-square-foot commercial garage and warehouse with an open interior suited to equipment, vehicles, inventory, or production activities. The main level features two overhead garage doors, concrete flooring, substantial ceiling height, extensive lighting, and a half bathroom. These improvements support loading, storage, and day-to-day commercial operations.

An unfinished second floor adds adaptable space for offices, storage, or a customized work area. Constructed in 1971, the property is located at 45146 Andover Estates Road #7/Shop in Valley Lee, Maryland.

Key Highlights

• 3,000‑square‑foot open commercial garage and warehouse
• Two overhead garage doors support loading and unloading
• Unfinished second‑floor area for office or storage buildout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,525

Suggested Prices Based on Cap Rates

Cap Rate 5%

$810,500 $810.5K

Cap Rate 7%

$578,929 $578.9K

Cap Rate 9%

$450,278 $450.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,366 SF

Gross rent

$65.5K $15.00/SF

− Vacancy

−$7.6K −$1.74/SF

EGI

$57.9K $13.26/SF

− OpEx

−$17.4K −$3.98/SF

NOI

$40.5K $9.28/SF

Area

St. Mary's County, MD

Vacancy

11.60%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$810,500

Cap Rate 7%

$578,929

Cap Rate 9%

$450,278

Alternative Uses

Best Use

Flex RnD

$817.8K

$715.6K – $954.1K (±1% cap)

NOI $57,246 @ 7.0% cap · market cap 2,120.22%

Second Best

Warehouse

$703.0K

$615.1K – $820.2K (±1% cap)

NOI $49,209 @ 7.0% cap · market cap 1,822.56%

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,340 @ 7.0% cap · market cap 4,197.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

L & S Cabinets General Contractor

Lease Details

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 20692, MD

738

Population

287

Households

2.6

Avg Household Size

45

Median Age

34%

College-Educated

99%

High-School Grad

7.2 sq mi

ZIP Area

103

Density / Sq Mi

$120,491

Median Household Income

$89,479

Median Earnings

$381,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Open commercial space combines warehouse functionality with an unfinished upper level for office or storage use.

Where is this flex space located?

The property is located at 45146 ANDOVER ESTATES ROAD #7/SHOP Valley Lee, MD.

What are key features of this property?

This property features: 3,000‑square‑foot open commercial garage and warehouse; Two overhead garage doors support loading and unloading; Unfinished second‑floor area for office or storage buildout