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Property profile & analytics
FOR LEASE
Medical Office Space

205 Center St Mount Airy, MD 21771

28,656 SF 1.63 ac lot Built 2009
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US40-2396478
Property summary
AI-generated overview

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 profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,656 SF
Lot 1.63 ac (71,003 SF)
Zoning code CC
APN 13-014647
UPID US40-2396478
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.15M
Blend (final) Blend
$2.16M
Owner & transaction history
Toll House Leasing LLC · 20 yrs held
Toll House Leasing LLC
since 2005
3 recorded transactions
2005
$725,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC · Mount Airy, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.4M +3.3%
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