Office Suite Building with
5410 RITCHIE Highway Baltimore, MD 21225
For Sale
$899,000
Commercial Sale - BALTIMORE, MD
Property Size3,200 SF
Lot Size0.30 Acres
Price / SF$280.94
Days on Market346
Property Features for 5410 RITCHIE Highway
General Information
Property type
Other
Property subtype
Retail
Parking
20
Parking features
Parking Lot
Standard status
Active
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
4424
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Multi Units, Heat Pump
Building Details
Year built
1990
Number of units
1
Building materials
Brick
Listing Agency:
RE/MAX Realty Group
(410) 730-6100
Listed By:
Christopher B Cecil · License #584424
(410) 446-3132
Added: Aug 18, 2025
Changed: Jul 20
Last Checked: Jul 29 at 6:06PM
MLS# MDAA2123784
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.
Investment Insights
Based on property information with market context.
This for-sale office property is configured as three office suites within a single building, totaling approximately 3,200 square feet. Two suites are built out, and one suite remains a blank canvas for a new tenant’s layout and finishes.
The property is located on Ritchie Highway in Baltimore, MD 21225, in Anne Arundel County. Parking onsite allows for up to 20 vehicles.
According to the seller, other uses may include restaurant and retail, but any alternative use details would require verification by the buyer through Anne Arundel County. The building is being offered as a controlled set of office spaces suitable for an owner-occupant or a tenant seeking built-out offices alongside an available suite.
The property is located on Ritchie Highway in Baltimore, MD 21225, in Anne Arundel County. Parking onsite allows for up to 20 vehicles.
According to the seller, other uses may include restaurant and retail, but any alternative use details would require verification by the buyer through Anne Arundel County. The building is being offered as a controlled set of office spaces suitable for an owner-occupant or a tenant seeking built-out offices alongside an available suite.
Key Highlights
- Brick building built in 1990 with heat pump and electric heating
- Parking lot provides parking for up to 20 vehicles
- Approximately 3,200 SF office space with room for up to 3 office suites
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.0k | $22.20 |
| − Vacancy | −$11.7k | −$3.66 |
| EGI | $59.3k | $18.54 |
| − OpEx | −$14.8k | −$4.63 |
| NOI | $44.5k | $13.90 |
3,200 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.6K
$670.8K – $894.4K
NOI $53,664 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Three office suites totaling 3,200 SF, with parking for up to 20 vehicles and one suite ready for buildout.
Where is this office units located?
The property is located at 5410 RITCHIE Highway Baltimore, MD.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Brick building built in 1990 with heat pump and electric heating; Parking lot provides parking for up to 20 vehicles; Approximately 3,200 SF office space with room for up to 3 office suites
