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    205 Center St Mount Airy, MD 21771

    For Lease
    $16 SF/Yr

    Multi-use building, prime location, high income area

    Lot size:
    28,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This three-story, 28,656 square foot free-standing building in Mt. Airy, MD, sits on 1.63 acres of land and offers multiple occupancy options. Currently housing a diverse mix of tenants including medical offices, a police station, and other businesses, it generates approximately $307,000 in annual revenue. The building features 3 suites, with 14,752 square feet currently vacant, offering spaces ranging from 4,700 to 9,552 contiguous square feet. Built in 2009, this Class B property boasts a Commercial Industrial zoning designation, allowing for a variety of uses, including retail on the ground floor. Its strategic location in downtown Mt. Airy provides easy access to I-70 and Route 27, and serves a highly educated and affluent population. The area's strong healthcare market, valued at $152 million, makes this property particularly well-suited for medical practices. The property's demographics are impressive, with 95% of the population within a 10-minute drive having a high school education or higher, and a median income of $126,633. This presents a compelling investment opportunity in a thriving Carroll County community.

    Property Features for 205 Center St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,656 SF
    Class
    B
    Total Rate
    38208

    Building Details

    Year Built
    2009
    Stories
    3

    Unit(s) available at that property

    Space
    300
    Size
    4,700 SF
    Rate per SF
    $16
    Space
    100
    Size
    9,552 SF
    Rate per SF
    $25

    HighLights

    • Excellent freeway access via I‑70 and Route 27.
    • Free‑standing, 28,656 SF building on a 1.63‑acre lot.
    • Commercial/Industrial zoning allows for diverse uses, including ground‑floor retail.
    • Strong demographics: 95% of the population within a 10‑minute drive has a high school education or higher, with a median income of $126,633.
    • Located in a thriving healthcare market valued at $152 million.
    • Ample on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1513215
    Latitude
    39.3752251

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    FAQs

    What type of property is this?
    Life science property - Multi-use building, prime location, high income area
    Where is this life science property located?
    The property is located at 205 Center St Mount Airy, MD.
    What is the lease rate?
    The lease rate is $16-$25 SF/Yr.
    What are key features of this property?
    This property features: Excellent freeway access via I-70 and Route 27.; Free-standing, 28,656 SF building on a 1.63-acre lot.; Commercial/Industrial zoning allows for diverse uses, including ground-floor retail.
    Request Owner's contact information
    205 Center St Mount Airy, MD 21771
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 Center St Mount Airy, MD 21771
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