9825 Old Solomons Island Road | 9859 Old Solomons Island Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
9825 Old Solomons Island Road 9859 Old Solomons Island Rd
9,000 SF 100% Leased Office Building Owings, MD 20736 $908,863 CAD ($100.98 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,555
|
$10.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,555
|
$10.06
|
| Taxes |
$8,245
|
$0.92
|
| Operating Expenses |
$21,640
|
$2.40
|
| Total Expenses |
$29,884
|
$3.32
|
| Net Operating Income |
$60,670
|
$6.74
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,555 |
| Annual Per SF | $10.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,555 |
| Annual Per SF | $10.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,245 |
| Annual Per SF | $0.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,640 |
| Annual Per SF | $2.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,884 |
| Annual Per SF | $3.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $60,670 |
| Annual Per SF | $6.74 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built
1978
Price
$908,863 CAD
Price Per SF
$100.98 CAD
Cap Rate
7.22%
NOI
$65,640 CAD
Percent Leased
100%
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 |
1 of 1
PROPERTY TAXES
| Parcel Number | 03-006905 | Total Assessment | $779,476 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $8,245 CAD ($0.92 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-006905
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$779,476 CAD (2024)
Annual Taxes
$8,245 CAD ($0.92 CAD/SF)
Tax Year
2023
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
9825 Old Solomons Island Road | 9859 Old Solomons Island Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.