Financial
Distress signals
Property profile

2973 Manchester Rd 10 Manchester, MD 21102

FOR LEASE
Other office properties
Property ID
US40-1359398
4,000 SF Built 1999
Last sale Jan 2026 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial medical/professional facility located in downtown Manchester, Maryland, configured to support board-approved uses other than vape/tobacco and tattoo businesses. The interior layout includes nine exam rooms, with space that could accommodate a tenth exam room, as well as a negative pressure room, a laboratory room, and a laboratory drawing area. Additional accommodations include three offices, a staff bathroom, a break room, a storage closet (used in place of a file room), and a storage attic.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$464k
Assessed land$93k
Assessed improvement$371k
Effective rate1.35%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$8k
Operating expenses−$9k
NOI · 467.40% cap applied$28k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$163/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$85 – $241
Qualifying comparables3

Cap rate analysis

How does the asset earn?
467.40%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BL
JurisdictionCARROLL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.5
Restaurant13.9
Wholesale Shop13.0

Location

2973 Manchester Rd, Unit 10 Manchester, MD 21102
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2977 Manchester, Manchester, MD 21102-1802 $475,000 Jul 2023 4,000 SF
4501 Hanover, Manchester, MD 21102-1231 $280,000 Jan 2021 645 SF
2730 Hanover, Manchester, MD 21102-1914 $795,000 Oct 2019 2,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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