$225,000
●
House -
For Sale
5423 GORMAN ROAD
OAKLAND, MD 21550
Studio
0 Bath,
1
Half Bath
720 Ft²
$1,178
Est. Monthly
About This Property
Currently configured and listed as a small commercial store, this
versatile property offers exciting potential for conversion to a
residential use, subject to applicable approvals and the addition
of a required sprinkler system. Enjoy beautiful mountain views and
a convenient location just minutes from downtown Oakland, offering
easy access to shopping, dining, entertainment, and local
amenities. A unique opportunity for an owner-user, investor, or
buyer looking to create a residence in a desirable and convenient
location. Bring your vision and explore the possibilities!
Unit Size
720 Ft²
Days on Market
-
Land Size
1.93 acres
Price per sqft
$313
Property Type
House
Property Taxes
$73
HOA Dues
-
Year Built
2021
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 25 days ago (Bright MLS #MDGA2012924)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Listed by Taylor-Made Deep Creek Sales | $225,000 | |
| Listed by Taylor-Made Deep Creek Sales | |||
| Jan 4, 2026 | Listed by Taylor-Made Deep Creek Sales | $275,000 | |
| Listed by Taylor-Made Deep Creek Sales | |||
   | |||
|
Charming store offers a unique investment opportunity for someone seeking to own a piece of the community while running a business. With a manageable size and endless possibilities this property is just waiting on you to open your dream business. Offers road frontage and plenty of parking and a nice level lot. Seller will discount the sales price by $25,000 if an acceptable contract is reached by June 1, 2026!
| |||
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Nov 18, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by Taylor-Made Deep Creek Sales | $29,900 | |
| Listed by Taylor-Made Deep Creek Sales | |||
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Property Highlights
Air Conditioning
Parking Details
Parking Features: Parking Lot
Interior Details
Half Bathrooms: 1
Flooring Type: Laminate
Exterior Details
Square Footage: 720
Square Footage Source: $0
Property Condition: Good
Architectural Style: Traditional
Year Built Source: Assessor
Year Built: 2021
Levels: 1
Other Structures: Above Grade, Below Grade
Construction Materials: Frame
Lot Features: Backs to Trees
Lot Size Area: 84071
Lot Size Units: Square Feet
Lot Size Acres: 1.93
Lot Size Square Feet: 84071
Water Source: Well
Financial Details
Tax Assessed Value: $78,767
Tax Annual Amount: $876
Utilities Details
Cooling Type: Ductless/Mini-Split
Heating Type: Wall Unit
Sewer : Septic Exists
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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Sold On
Sold On
HOA + Taxes
About Garrett
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Listed by: Elizabeth S Spiker Holcomb
Taylor-Made Deep Creek Sales
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDGA2012924
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Taylor-Made Deep Creek Sales
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDGA2012924
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