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    FOR LEASE
    Super regional malls

    1311 Main St, Mount Airy, MD 21771

    34,800 SF 2.28 ac lot Built 2008
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US40-0972551
    Property summary
    AI-generated overview

    Main Street Plaza, located at 1311 South Main Street in Mount Airy, Maryland, 21771, offers exceptional office space in a prime Carroll County location. This three-story, 44,000 square foot building, constructed in 2008, features both traditional and executive office suites. The property sits on a 2.28-acre lot and provides ample parking with 169 spaces. Multiple tenancy options are available, with minimum divisible space starting at 1,295 square feet and maximum contiguous space reaching 2,936 square feet. Building amenities include elevators. Suite 208, a 1,295 square foot space, includes a waiting room, reception area, and four private offices, currently priced at $18.50 per square foot. Suite 302 offers 2,936 square feet, featuring a reception area, six private offices, a conference area, a large open area, and a kitchenette, currently priced at $16.00 per square foot. The property is zoned Community Commercial, offering convenient access and visibility. This well-maintained building presents a fantastic opportunity for businesses seeking modern and functional office space in a thriving community.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 2008
    Total area 34,800 SF
    Lot 2.28 ac (99,230 SF)
    Zoning code CC
    APN 13-014701
    UPID US40-0972551
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $860k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.50M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    1311 South Main Street Associates L · 8 yrs held
    1311 South Main Street Associates L
    since 2018
    7 recorded transactions
    2018
    $9.3M
    2009
    2008
    2007
    $700,000
    2007
    2005
    $620,000
    2005
    $400,000
    Zoning & alternative use
    CC · Mount Airy, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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