Auto Shop
For Sale
$1,000,000
7415 Springfield Ave, Sykesville, MD 21784
For sale auto shop property in Sykesville, Maryland, offering space for automotive service and related retail uses.
Property Size2,661 SF
Price / SF$375.80
Days on Market134
Property Features for 7415 Springfield Ave
General Information
Standard status
Active
Size
2,661 SF
Total Parking Spaces
22
Zoning
LOCAL
Net Operating Income
$144,000
Taxes and HOA fees
Annual Taxes
$3,389
Amenities
Central Air
Forced Air, Electric
Electric Water Heater
Building Details
Building Size
2,661 SF
Year Built
1961
Listing Agency:
Long & Foster Real Estate
(410) 707-7246
Listed By:
Laura Jones
(410) 707-7246
Source:
Evrealestate
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 11 at 7:30AM
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 Long & Foster Real Estate
Investment Insights
Based on property information with market context.
This property is an automotive-focused facility presented for sale as an auto shop building. It is listed as a commercial real estate asset under auto shops and automotive property categories, supporting automotive service and related business activity within a dedicated commercial structure.
The building is located at 7415 Springfield Ave in Sykesville, Maryland, in Carroll County. Directions are provided via GPS, which can help with locating the property along Springfield Avenue.
For buyers seeking an auto shop or other automotive-oriented commercial use, this asset offers a straightforward footprint aligned with automotive operations rather than general office or residential uses. Because the listing information provided does not include specific details on unit configuration, office areas, or overhead/vehicle support, interested parties should confirm the on-site layout and operational features during due diligence. The property’s commercial zoning alignment is not stated in the available information, so prospective buyers should also verify permitted uses with the local authorities as part of their evaluation.
The building is located at 7415 Springfield Ave in Sykesville, Maryland, in Carroll County. Directions are provided via GPS, which can help with locating the property along Springfield Avenue.
For buyers seeking an auto shop or other automotive-oriented commercial use, this asset offers a straightforward footprint aligned with automotive operations rather than general office or residential uses. Because the listing information provided does not include specific details on unit configuration, office areas, or overhead/vehicle support, interested parties should confirm the on-site layout and operational features during due diligence. The property’s commercial zoning alignment is not stated in the available information, so prospective buyers should also verify permitted uses with the local authorities as part of their evaluation.
Key Highlights
- Auto shop property in Sykesville, Maryland, suitable for automotive service and related retail uses
- Year built: 1961
- Central Air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,663
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$753,260
$753.3K
Cap Rate 7%
$538,043
$538.0K
Cap Rate 9%
$418,478
$418.5K
Market Conditions
NOI Build-Up for 2,661 SF
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.
Gross rent
$57.5K $21.60/SF
− Vacancy
−$3.7K −$1.38/SF
EGI
$53.8K $20.22/SF
− OpEx
−$16.1K −$6.07/SF
NOI
$37.7K $14.15/SF
Area
Carroll County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$753,260
Cap Rate 7%
$538,043
Cap Rate 9%
$418,478
Alternative Uses
Best Use
Retail
$538.0K
$470.8K – $627.7K
NOI $37,663 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$218.3K
$191.1K – $254.7K
NOI $15,284 @ 7.0% cap · market cap 1.53%
Theoretical Best
Office A
$986.8K
$863.5K – $1.15M
NOI $69,079 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21784, MD
40,028
Population
13,664
Households
2.9
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
56.1 sq mi
ZIP Area
714
Density / Sq Mi
$141,228
Median Household Income
$71,145
Median Earnings
$1,673
Median Rent
$478,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Calvins Transmission — 7608 College Rd, Sykesville, MD 21784
- Olde Towne Motor Co — 7415 Springfield Ave, Sykesville, MD 21784
- Saamsara Beauty Supplies — 7606 W Main St, Sykesville, MD 21784
- Sykesville Auto Service INC. — 881 Sandosky Rd, Sykesville, MD 21784
- PMR - Priest Maintenance & Repair — 7306 Springfield Ave, Sykesville, MD 21784
Frequently Asked Questions
What type of property is this?
Auto shop - For sale auto shop property in Sykesville, Maryland, offering space for automotive service and related retail uses.
Where is this auto shop located?
The property is located at 7415 Springfield Ave Sykesville, MD.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Auto shop property in Sykesville, Maryland, suitable for automotive service and related retail uses; Year built: 1961; Central Air cooling
