205 Center St Mount Airy, MD 21771
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Mount Airy, MDMount Airy. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.