4064 Norrisville Rd Jarrettsville, MD 21084-1427
- Retail space
- 9,380 SF
- 0.83 lot acres
Current Use by Public Records
- Dollar General / Variety Store / Dollar Store
- Western Union / Money Transfer Service / Money Order Service
- FedEx OnSite / Mailing Service
Property Details for 4064 Norrisville Rd
- Year built
- 1997
- Construction
- BRICK
- Lot size
- 0.83 lot acres
- Property size
- 9,380 SF
- Zone code
- B3
- Property type
- Retail space
- APN
- 04-013611
- APU
- 4013611
Description
This Jarrettsville, MD retail property offers a compelling investment opportunity. The 9,320 square foot building, constructed in 1997 and renovated in 2014, sits on a 0.83-acre lot and is currently 100% occupied by a Dollar General store under a Net Net + (NN+) lease. The lease, originally commencing April 3, 2014, has a remaining term of 4.9 years, with five, 5-year options including 10% rent bumps. The property boasts a strong 8.50% cap rate and a substantial NOI of $146,929. The tenant, Dollar General, is credit-rated with a corporate guarantee, minimizing landlord responsibilities. Located at 4064 Norrisville Rd, Jarrettsville, MD 21084, this single-story building benefits from a high-density market and limited local competition, situated less than 30 miles from Baltimore. The property's upgraded concrete-block construction provides a solid foundation. The average household income in Jarrettsville is $191,942, supporting a robust customer base. Dollar General's recent lease extension in 2020 underscores the site's success and the tenant's commitment. The asking price is $1,728,572, translating to $185.47 per square foot. The property is zoned commercial.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,830,000
- 6.5%
- $1,860,000
- 7%
- $1,820,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,480,000
- Geo Method
- $1,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,460,000
- Retail
- $1,880,000
- Mixed-Use
- $1,680,000
- Hospitality
- $1,925,000
- Educational
- $1,890,000
- Residential Income
- $1,655,000
- Energy
- $1,650,000
- Income-Based Land
- $1,845,000
- Food Service
- $1,715,000
Location Insight
- Map
- Local Demand
- City
- Jarrettsville
- County
- Harford
- State
- Maryland
- Longitude
- -76.5152
- Latitude
- 39.613
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
