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 100% Leased Office Building Owings, MD 20736 $911,295 CAD ($101 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 |
$90,797
|
$10.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,797
|
$10.09
|
| Taxes |
$8,267
|
$0.92
|
| Operating Expenses |
$21,697
|
$2.41
|
| Total Expenses |
$29,964
|
$3.33
|
| Net Operating Income |
$60,833
|
$6.76
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,797 |
| Annual Per SF | $10.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,797 |
| Annual Per SF | $10.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,267 |
| Annual Per SF | $0.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,697 |
| Annual Per SF | $2.41 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,964 |
| Annual Per SF | $3.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $60,833 |
| Annual Per SF | $6.76 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built
1978
Price
$911,295 CAD
Price Per SF
$101 CAD
Cap Rate
7.22%
NOI
$65,816 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 |
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PROPERTY TAXES
| Parcel Number | 03-006905 | Total Assessment | $788,643 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $8,267 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
$788,643 CAD (2024)
Annual Taxes
$8,267 CAD ($0.92 CAD/SF)
Tax Year
2023
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9825 Old Solomons Island Road | 9859 Old Solomons Island Rd
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