4064 Norrisville Rd Jarrettsville, MD 21084-1427
Property profile & analytics
4064 Norrisville Rd Jarrettsville, MD 21084-1427
- Retail space
- 9,380 SF
- 0.83 lot acres
Property ID
US40-2251235
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,215,000
- 6.5%
- $2,045,000
- 7%
- $1,895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,712,000
Market price range: $1.71M - $3.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,340,000 Current use
- COMMERCIAL (GENERAL)
- $2,150,000 Change: -8% Conversion: Easy
- OFFICE BUILDING
- $1,895,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,291
$0.00
$0.00
$1,214,600
-
$541,200
$674,000
$1,215,200
