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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

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
Medical
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

PROPERTY TAXES

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
  • Listing ID: 17819684

  • Date on Market: 2019-11-26

  • Last Updated:

  • Address: 9859 Old Solomons Island Rd, Owings, MD 20736

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}