9825 Old Solomons Island Road | 9859 Old Solomons Island Rd
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9825 Old Solomons Island Road 9859 Old Solomons Island Rd
9,000 SF 72% Leased Office Building Owings, MD 20736 $630,000 ($70/SF) 7.22% Cap Rate
Executive Summary
Three buildings, one with a long-term lease. Located between Rt. 2/4 and Rt. 260. Priced reduced: $630,000.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$62,770
|
$6.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$62,770
|
$6.97
|
| Taxes |
$5,715
|
$0.64
|
| Operating Expenses |
$15,000
|
$1.67
|
| Total Expenses |
$20,715
|
$2.30
|
| Net Operating Income |
$42,055
|
$4.67
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $62,770 |
| Annual Per SF | $6.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $62,770 |
| Annual Per SF | $6.97 |
| Taxes | |
|---|---|
| Annual | $5,715 |
| Annual Per SF | $0.64 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $1.67 |
| Total Expenses | |
|---|---|
| Annual | $20,715 |
| Annual Per SF | $2.30 |
| Net Operating Income | |
|---|---|
| Annual | $42,055 |
| Annual Per SF | $4.67 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built
1978
Price
$630,000
Price Per SF
$70
Cap Rate
7.22%
NOI
$45,500
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,000 SF
Building FAR
0.36
Lot Size
0.58 AC
Zoning
TC - Town Center Village District
Amenities
- Fenced Lot
- Wheelchair Accessible
- Storage Space
About 9859 Old Solomons Island Rd , Owings, MD 20736
Income-producing property with shop. Three buildings, two with long-term leases in place. Great location situated between Rt. 260 and Rt 2/4. Priced to sell at $650,000.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- VetCorp
- Health Care and Social Assistance
- -
- -
- May 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| VetCorp | Health Care and Social Assistance | - | - | May 2029 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 2,520 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,520 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,520 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 03-006905 | Total Assessment | $542,433 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $5,715 ($0.64/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-006905
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$542,433 (2024)
Annual Taxes
$5,715 ($0.64/SF)
Tax Year
2023
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9825 Old Solomons Island Road | 9859 Old Solomons Island Rd
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