7511 Damascus Rd, Gaithersburg, MD 20882
Grain storage facility on almost 80 acres of farmland.
- Added:
- Jan 12, 2026
- Days on Market:
- 145
- Last Refresh:
- May 10 at 9:55 pm
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 agent CHARLES D JAMISON License #651314
Listing office CHARLES H. JAMISON, LLC (301) 428-8200
Listing date Jan 12, 2026
Source Corcoran
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
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.
- Truck Scales: Equipped with a 72‑foot Toledo truck scale (120,000 lbs capacity).
- Modern Grain Dryer: Features a 5‑year‑old Superb Energy 6Q series dryer by Brock.
- Three‑Phase Power: Provides ample power for operations.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gaithersburg
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.1527
- Latitude
- 39.2731