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    West Towson Commercial Office Building Title is generated by Realmo AI

    407 W PENNSYLVANIA Avenue, Towson, MD 21204

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    For Sale
    $550,000

    Commercial Sale - TOWSON, MD

    Type:Office
    Lot size:
    0.41 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    51
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 407 W PENNSYLVANIA Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    10
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7117

    Utilities

    Heating system
    Forced Air, Other (Heating)
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1925
    Number of units
    1
    Building materials
    Vinyl Siding, Cement Siding

    We can help!

    Listing Contact
    Tom Atwood
    Tom Atwood

    Listing agent Tom Atwood License #611632

    Listing office Keller Williams Legacy 1300 Bellona Avenue unit: D, Towson, MD

    Listing date Apr 1, 2026

    MLS# MDBC2158014

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime West Towson location, less than two blocks from the Baltimore County Circuit Courthouse.
    • 14‑space rear parking lot, a valuable asset in West Towson.
    • Versatile ROA zoning allows for a variety of professional office needs or conversion to hybrid work/residential.
    • Spacious interior with six private offices, two conference rooms, and a formal board room.
    • Finished lower level with modern mini‑split system for heating and cooling.
    • Oversized detached garage with power for additional parking, storage, or conversion.

    Overview

    This commercial office building is located in West Towson, less than two blocks from the Baltimore County Circuit Courthouse. The property has served as a law office for over 30 years. With ROA zoning, the building can accommodate a variety of professional office needs or be converted for alternative uses, including hybrid work/residential. The interior includes a waiting area with space for workstations, two general workzones, six private offices, two conference rooms, and a formal board room. There are also three bathrooms and a kitchenette equipped with a refrigerator and ample countertop space. The building spans two full floors plus a finished lower level. The main and upper floors are heated and cooled with a forced air system, while the lower level has a mini-split system for both heating and cooling. A rear parking lot, accessible from Highland Avenue, provides 14 parking spaces. Additionally, there is an oversized detached garage with power on the premises, suitable for additional parking, secure storage, or conversion. The property sits on a 0.4132-acre lot. This property is suited for a law firm, medical practice, consulting agency, or other professional service provider.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Towson
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6344
    Latitude
    39.4025

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    FAQs

    What type of property is this?
    Office building - Versatile office building in prime location near Baltimore County Courthouse.
    Where is this office building located?
    The property is located at 407 W PENNSYLVANIA Avenue Towson, MD.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime West Towson location, less than two blocks from the Baltimore County Circuit Courthouse.; 14‑space rear parking lot, a valuable asset in West Towson.; Versatile ROA zoning allows for a variety of professional office needs or conversion to hybrid work/residential.
    (410) 216-5590
    We can help!
    Listing Contact
    Tom Atwood
    Tom Atwood
    Real Estate License ID: 611632
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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