Agricultural Grain Storage
For Sale
$4,000,000
7511 DAMASCUS ROAD, Gaithersburg, MD 20882
Grain storage facility on almost 80 acres of farmland.
Property Size21,000 SF
Lot Size80.00 Acres
Price / SF$190.48
Days on Market174
Property Features for 7511 DAMASCUS ROAD
General Information
Standard status
Active
Size
21,000 SF
Lot size
80.00 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,945
Listing Agency:
Charles H. Jamison, LLC
(240) 744-2690
Listed By:
Charles D Jamison · License #651314
(240) 744-2690
Source:
Thehulsmangroup
Added: Mar 5
Changed: Aug 23
Last Checked: Aug 25 at 12:30PM
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.
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
$266,368
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
6.66%
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%
$5,327,360
$5.3M
Cap Rate 7%
$3,805,257
$3.8M
Cap Rate 9%
$2,959,644
$3.0M
Market Conditions
NOI Build-Up for 21,000 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
$335.2K $15.96/SF
− Vacancy
−$21.8K −$1.04/SF
EGI
$313.4K $14.92/SF
− OpEx
−$47.0K −$2.24/SF
NOI
$266.4K $12.68/SF
Area
Montgomery County, MD
Vacancy
6.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
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%
$5,327,360
Cap Rate 7%
$3,805,257
Cap Rate 9%
$2,959,644
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 20882, MD
13,890
Population
4,644
Households
3
Avg Household Size
45
Median Age
58%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
367
Density / Sq Mi
$186,964
Median Household Income
$76,079
Median Earnings
$1,686
Median Rent
$705,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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 ROAD 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.
