Office Units with Underground
For Sale
$189,000
828 N MECHANIC STREET, Cumberland, MD 21502
Two private offices, a restroom, paved parking, and below-grade storage or workspace support flexible business use.
Property Size456 SF
Price / SF$414.47
Days on Market10
Property Features for 828 N MECHANIC STREET
General Information
Standard status
Active
Size
456 SF
Property subtype
Commercial
Amenities
two private offices
restroom
large paved parking lot
private underground garage
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Charis Realty Group
(240) 522-3096
Listed By:
Jennifer Alt · License #5003052
(240) 522-3096
Source:
Cummingsrealtors
Added: Aug 7
Changed: Aug 15
Last Checked: Aug 16 at 6:34AM
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 Charis Realty Group
Investment Insights
Based on property information with market context.
This office property at 828 N Mechanic Street includes two private offices and a restroom within a building constructed in 1987. A paved parking area serves the property, while the private underground garage provides additional storage or workspace.
The property is positioned along N. Mechanic Street in Cumberland, Maryland. The site is described as receiving exposure to thousands of motorists each day, placing the office units along a recognized commercial corridor. The available property size is listed as 456.
The property is positioned along N. Mechanic Street in Cumberland, Maryland. The site is described as receiving exposure to thousands of motorists each day, placing the office units along a recognized commercial corridor. The available property size is listed as 456.
Key Highlights
- Two private offices and one restroom
- Private underground garage for storage or workspace
- Large paved parking lot
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
$6,966
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
3.69%
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%
$139,320
$139.3K
Cap Rate 7%
$99,514
$99.5K
Cap Rate 9%
$77,400
$77.4K
Market Conditions
NOI Build-Up for 456 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
$11.2K $24.60/SF
− Vacancy
−$1.9K −$4.23/SF
EGI
$9.3K $20.37/SF
− OpEx
−$2.3K −$5.09/SF
NOI
$7.0K $15.28/SF
Area
Allegany County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$139,320
Cap Rate 7%
$99,514
Cap Rate 9%
$77,400
Alternative Uses
Best Use
Office B
$99.5K
$87.1K – $116.1K
NOI $6,966 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$66.1K
$57.8K – $77.1K
NOI $4,624 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$169.1K
$148.0K – $197.3K
NOI $11,838 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - Two private offices, a restroom, paved parking, and below-grade storage or workspace support flexible business use.
Where is this office units located?
The property is located at 828 N MECHANIC STREET Cumberland, MD.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two private offices and one restroom; Private underground garage for storage or workspace; Large paved parking lot
