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16708 Frederick Rd 8,566 SF 100% Leased Retail Building Mount Airy, MD 21771 $774,900 ($90.46/SF) 7.31% Cap Rate
Investment Highlights
- 3 Building Portfolio: Detached, Duplex, Auto Shop
- Mark-to-market opportunity of at least $20,400 annually
- Well Maintained
Executive Summary
**MULTIPLE LOIs RECEIVED, HIGHEST AND BEST DUE MONDAY 5/11 @ 5PM**16708 Frederick Road presents an exceptional investment opportunity in Mount Airy, Maryland, featuring a well-maintained multi-structure property with strong income potential. This distinctive portfolio includes a 4-unit residential configuration across three buildings, complemented by a grandfathered auto garage use, all situated on a 1-acre parcel along a major commuter route.
The property totals approximately 8,566 square feet and is offered at $774,900 with a 7.31% capitalization rate. Current annual rental income approaches $100,000, with additional upside through mark-to-market adjustments estimated to yield $20,400 annually. Zoning allows for Rural Residential use, while the site’s legacy use grants versatile operational possibilities.
Conveniently positioned near MD-27 and I-70, the property offers direct access to Frederick, Baltimore, and Washington, D.C., while benefiting from the surrounding area’s steady housing demand and affluent demographics. This rare offering combines income stability with expansion options, making it an attractive acquisition for investors seeking durable returns in a growing Central Maryland market.
The property totals approximately 8,566 square feet and is offered at $774,900 with a 7.31% capitalization rate. Current annual rental income approaches $100,000, with additional upside through mark-to-market adjustments estimated to yield $20,400 annually. Zoning allows for Rural Residential use, while the site’s legacy use grants versatile operational possibilities.
Conveniently positioned near MD-27 and I-70, the property offers direct access to Frederick, Baltimore, and Washington, D.C., while benefiting from the surrounding area’s steady housing demand and affluent demographics. This rare offering combines income stability with expansion options, making it an attractive acquisition for investors seeking durable returns in a growing Central Maryland market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,566 SF
Building Class
B
Year Built
1900
Price
$774,900
Price Per SF
$90.46
Cap Rate
7.31%
NOI
$56,609
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.20
Lot Size
1.00 AC
Zoning
RCDEO - Rural Residential, Auto Garage is grandfathered in
Parking
15 Spaces (1.75 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 04-367464 | Improvements Assessment | $400,700 |
| Land Assessment | $239,500 | Total Assessment | $640,200 |
Property Taxes
Parcel Number
04-367464
Land Assessment
$239,500
Improvements Assessment
$400,700
Total Assessment
$640,200
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16708 Frederick Rd
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