205 Center StMount Airy, MD 21771

Property Details for 205 Center St

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.63 AC

Property size (Sq ft)

28,656 SF

Zone code

CC

Property type

Medical offices

Property subtype

Medical centers

APN

13-014647

APU

13014647

Description

This three-story, 28,656 square foot free-standing building in Mt. Airy, MD, sits on 1.63 acres of land and offers multiple occupancy options. Currently housing a diverse mix of tenants including medical offices, a police station, and other businesses, it generates approximately $307,000 in annual revenue. The building features 3 suites, with 14,752 square feet currently vacant, offering spaces ranging from 4,700 to 9,552 contiguous square feet. Built in 2009, this Class B property boasts a Commercial Industrial zoning designation, allowing for a variety of uses, including retail on the ground floor. Its strategic location in downtown Mt. Airy provides easy access to I-70 and Route 27, and serves a highly educated and affluent population. The area's strong healthcare market, valued at $152 million, makes this property particularly well-suited for medical practices. The property's demographics are impressive, with 95% of the population within a 10-minute drive having a high school education or higher, and a median income of $126,633. This presents a compelling investment opportunity in a thriving Carroll County community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,665,992

  6.5%

  $5,230,146

  7%

  $4,856,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,946,940

  Geo Method

  $1,802,749

• Alternative Use

  Use

  Valuation

  Residential

  $6,485,382

  Hospitality

  $5,940,574

  Educational

  $4,942,488

  Medical

  $5,112,468

  Retail

  $7,688,315

Location Insight

City

Mount Airy

County

Carroll

State

Maryland

Latitude

39.3759

Longitude

-77.1526

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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