Agricultural Grain Storage
7511 Damascus Rd Gaithersburg, MD 20882
7511 Damascus Rd, Gaithersburg, MD, 20882
$4,000,000
For Sale
$4,000,000
Grain storage facility on almost 80 acres of farmland.
Property Size21,000 SF
Lot Size78.06 Acres
Price / SF$190.48
Days on Market191
Property Features for 7511 Damascus Rd
General Information
- Standard status
- Active
- Size
- 21,000 SF
- Lot size
- 78.06 Acres
- Property subtype
- Land or Vacant Lot
Listing agency
CHARLES H. JAMISON, LLC
(301) 428-8200
Listed by
CHARLES D JAMISON · License #651314
Source
Corcoran
Added: Jan 12 Updated: Jul 6 at 10:03AM Checked: Jul 21 at 6:04AM
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 CHARLES H. JAMISON, LLC
Investment Insights
Based on property information with market context.
This agricultural grain storage facility is situated on approximately 80 acres of prime farmland. It includes a 300' x 70' equipment storage building with 15 doors, each 16’5” tall, featuring a center partition and electric. The shop measures 120’ x 85’ with 20’ ceilings, equipped with four large overhead doors (two are 26’ wide x 16’ tall, and two are 16’ wide x 14’ tall), two man doors, two commercial-sized exhaust fans, and overhead LED lighting. The shop is fully insulated with a heated concrete floor and a propane heater that is approximately one year old. It also features a commercial 2-ton crane with 9 yards of concrete anchoring, four tool/storage bays, and an office space measuring 15’ x 11’4”. Additionally, there is a 100’ x 41’ commodity storage building with concrete walls and five bays. The grain storage facility includes a 40’ 5-year-old Superb Energy 6Q series dryer by Brock, a 150,000-bushel bin, an 82,000-bushel bin, an 84,000-bushel bin, a 10,000-bushel wet bin, and two 10,000-bushel bins. It also has a large elevator leg with a capacity of 2000 bushels per hour and other elevator legs with a capacity of 1200 bushels per hour. The property is equipped with a 72-foot-long Toledo truck scale, capable of weighing up to approximately 120,000 lbs. The property also features three-phase power.
Key Highlights
- High‑Capacity Grain Storage: Over 350,000 bushels with a high‑speed 2000 bushel/hour elevator leg.
- Large Insulated and Heated Shop: Boasts 20' ceilings, large overhead doors, a commercial crane, and a heated concrete floor.
- Extensive Equipment Storage Building: 300' x 70' space with 15 tall doors and electric.
Local Financial Insights For Warehouse
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 | $335.2k | $15.96 |
| − Vacancy | −$21.8k | −$1.04 |
| EGI | $313.4k | $14.92 |
| − OpEx | −$47.0k | −$2.24 |
| NOI | $266.4k | $12.68 |
21,000 SF · lease $15.96/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.81M
$3.33M – $4.44M
NOI $266,368 @ 7.0% cap · market cap 6.66%
Second Best
Industrial
$2.93M
$2.56M – $3.42M
NOI $205,065 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$7.39M
$6.46M – $8.62M
NOI $517,112 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Agricultural properties
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FAQs
What type of property is this?
Agricultural property - Grain storage facility on almost 80 acres of farmland.
Where is this agricultural property located?
The property is located at 7511 Damascus Rd Gaithersburg, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High‑Capacity Grain Storage: Over 350,000 bushels with a high‑speed 2000 bushel/hour elevator leg.; Large Insulated and Heated Shop: Boasts 20' ceilings, large overhead doors, a commercial crane, and a heated concrete floor.; Extensive Equipment Storage Building: 300' x 70' space with 15 tall doors and electric.