Property profile

504 Ridgeville Blvd Mount Airy, MD 21771

OFF-MARKET
Medical Office Space
Property ID
US40-1760279
6,280 SF 7.96 ac lot Built 1997
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,280 SF
Lot 7.96 ac (346,520 SF)
Zoning code CC
APN 13-021120
UPID US40-1760279

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

504 Ridgeville Blvd Mount Airy, MD 21771-5942
Mount Airy metro Census 513002 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$983k
Blend (final) Blend
$13.45M

Owner & transaction history

since 2016
3 recorded transactions
2016
$13.5M
2013
$4.6M
2012
$4.7M

Zoning & alternative use

CC · Mount Airy, MD
Zoning description

Article V Provisions Governing Commercial Districts § 112-37 LC Limited Commercial District. § 112-37.1 Downtown Zone (DTZ). § 112-37.2 Mixed Use District (MXD). § 112-38 NP Neighborhood Professional District. § 112-39 C…

General category COMMERCIAL
Top alternative use upside
Office building $920,000 +25.7%
Commercial (general) $755,000 +3.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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