Renovated Building Near Green Hill
5529 Adamstown Rd, Adamstown, MD 21710
For Sale
$995,000
Versatile renovated building with ample parking and accessibility features.
Property Size3,000 SF
Lot Size0.92 Acres
Price / SF$331.67
Days on Market937
Property Features for 5529 Adamstown Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
J&B REAL ESTATE
(301) 271-3487
Listed By:
ERIN KELLY · License #RSR003727
(443) 552-9815
Source:
Corcoran
Added: Apr 15, 2024
Changed: Aug 8
Last Checked: Aug 12 at 9:47AM
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 J&B REAL ESTATE
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Investment Insights
Based on property information with market context.
This renovated building, situated on almost an acre, is located near Carroll Manor Elementary School and the Green Hill Manor neighborhood. The property offers over 3,000 square feet of versatile space. The main floor includes four large rooms, a reception area, and three half-baths. The upper level is currently used as office space and storage. The lower level provides two additional large rooms and a bathroom. The property features ample parking, accessibility ramps, a generator, and a secure fenced-in area.
Key Highlights
- Prime location near Carroll Manor Elementary School and Green Hill Manor neighborhood.
- Over 3,000 square feet of versatile, renovated space.
- Almost an acre lot with ample parking and a secure fenced‑in area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,962
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,240
$1.1M
Cap Rate 7%
$785,171
$785.2K
Cap Rate 9%
$610,689
$610.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$92.9K $30.96/SF
− Vacancy
−$19.6K −$6.53/SF
EGI
$73.3K $24.43/SF
− OpEx
−$18.3K −$6.11/SF
NOI
$55.0K $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%
$1,099,240
Cap Rate 7%
$785,171
Cap Rate 9%
$610,689
Alternative Uses
Best Use
Office B
$785.2K
$687.0K – $916.0K
NOI $54,962 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$972.7K – $1.30M
NOI $77,815 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 21710, MD
4,769
Population
1,748
Households
2.7
Avg Household Size
45
Median Age
53%
College-Educated
95%
High-School Grad
29.4 sq mi
ZIP Area
162
Density / Sq Mi
$164,727
Median Household Income
$72,650
Median Earnings
$2,391
Median Rent
$582,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Frederick County, MD
Properties on Market for Office Units in Frederick County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile renovated building with ample parking and accessibility features.
Where is this office unit located?
The property is located at 5529 Adamstown Rd Adamstown, MD.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location near Carroll Manor Elementary School and Green Hill Manor neighborhood.; Over 3,000 square feet of versatile, renovated space.; Almost an acre lot with ample parking and a secure fenced‑in area.
