Storage Facility on Highly Traveled
For Sale
$325,000
77 W Water St, Smithsburg, MD 21783
Six-bay storage facility, formerly a car wash, near I-70.
Property Size2,500 SF
Price / SF$130
Days on Market312
Property Features for 77 W Water St
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
2006
Listing Agency:
Samson Properties
Listed By:
Roland M Layman · License #650764
(301) 992-7801
Source:
Thecazagroup
Added: Nov 28, 2025
Changed: Sep 8
Last Checked: Sep 8 at 5:36AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This property features six bays and a storage container, currently operating as a storage facility. Previously used as a car and truck wash, the property consists entirely of blacktop. The site could be converted back to a car wash or potentially adapted for office space, either as a group of offices or individual units. It is located on a highly traveled road, close to Smithsburg and Route 64, and is situated minutes from I-70. The property presents an opportunity for various business uses.
Key Highlights
- Six storage bays plus a storage container provide immediate rental income potential.
- High‑traffic location offers excellent visibility and accessibility.
- Proximity to Smithsburg, Rt. 64, and I‑70 enhances convenience for customers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,375
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,500
$547.5K
Cap Rate 7%
$391,071
$391.1K
Cap Rate 9%
$304,167
$304.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$42.6K $17.04/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$39.1K $15.64/SF
− OpEx
−$11.7K −$4.69/SF
NOI
$27.4K $10.95/SF
Area
Washington County, MD
Vacancy
8.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,500
Cap Rate 7%
$391,071
Cap Rate 9%
$304,167
Alternative Uses
Best Use
Retail
$391.1K
$342.2K – $456.3K
NOI $27,375 @ 7.0% cap · market cap 8.42%
Second Best
Specialty Retail
$362.0K
$316.8K – $422.4K
NOI $25,341 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$554.6K
$485.2K – $647.0K
NOI $38,819 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 21783, MD
9,306
Population
3,952
Households
2.4
Avg Household Size
42
Median Age
21%
College-Educated
90%
High-School Grad
47.6 sq mi
ZIP Area
196
Density / Sq Mi
$96,055
Median Household Income
$50,817
Median Earnings
$1,060
Median Rent
$330,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Six-bay storage facility, formerly a car wash, near I-70.
Where is this self storage facility located?
The property is located at 77 W Water St Smithsburg, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Six storage bays plus a storage container provide immediate rental income potential.; High‑traffic location offers excellent visibility and accessibility.; Proximity to Smithsburg, Rt. 64, and I‑70 enhances convenience for customers.
