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Building Details

Year Built 1900

Buildings 1

Listing Agency: EXP Realty, LLC m***@exprealty.net Show Phone

Listed By: Deepak Nathani · License #5003698 Show Phone

Source: Cummingsrealtors

Added: Aug 21 Changed: Oct 15 Last Checked: Oct 14 at 11:31PM

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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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This updated historic property provides 1,766 square feet with a flexible layout that includes three bedrooms, two full bathrooms, a main-level room suitable for office use, laundry, and a modern kitchen with granite countertops and stainless steel appliances. Additional features include a front porch, wheelchair-accessible entry, a patio, a fully fenced backyard, and a walk-up attic offering storage space.

The property is zoned B-3, identified as a Business Transitional District, with permitted possibilities including professional offices, medical or dental services, childcare, indoor storage, lodging, and other compatible commercial uses. Its Brunswick setting is minutes from the Brunswick MARC Station, downtown shops, restaurants, breweries, the C&O Canal Towpath, and the Potomac River, with access to major commuter routes.

Key Highlights

• 1,766‑square‑foot updated historic property
• B‑3 Business Transitional District zoning
• Three bedrooms and two full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,354

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,080 $647.1K

Cap Rate 7%

$462,200 $462.2K

Cap Rate 9%

$359,489 $359.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,766 SF

Gross rent

$54.7K $30.96/SF

− Vacancy

−$11.5K −$6.53/SF

EGI

$43.1K $24.43/SF

− OpEx

−$10.8K −$6.11/SF

NOI

$32.4K $18.32/SF

Area

Frederick County, MD

Vacancy

21.10%

Lease Rate

$30.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,080

Cap Rate 7%

$462,200

Cap Rate 9%

$359,489

Alternative Uses

Best Use

Healthcare Medical

$476.3K

$416.8K – $555.7K (±1% cap)

NOI $33,341 @ 7.0% cap · market cap 1,667.88%

Second Best

Office B

$462.2K

$404.4K – $539.2K (±1% cap)

NOI $32,354 @ 7.0% cap · market cap 1,618.51%

Theoretical Best

Specialty Retail

$654.4K

$572.6K – $763.5K (±1% cap)

NOI $45,807 @ 7.0% cap · market cap 2,291.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center HVAC Service Nail Salon Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

225

Businesses Nearby

Explore this area Business Placement

Demographics for 21716, MD

6,753

Population

2,849

Households

2.4

Avg Household Size

38

Median Age

34%

College-Educated

93%

High-School Grad

2.7 sq mi

ZIP Area

2,501

Density / Sq Mi

$107,188

Median Household Income

$60,667

Median Earnings

$1,097

Median Rent

$335,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - B-3 zoning supports professional, medical, childcare, storage, lodging, and other compatible commercial uses.

Where is this office units located?

The property is located at 8 N VIRGINIA AVENUE Brunswick, MD.

What are key features of this property?

This property features: 1,766‑square‑foot updated historic property; B‑3 Business Transitional District zoning; Three bedrooms and two full bathrooms