Versatile Warehouse Space in
For Sale
$974,997
1010 Main St, Fallston, MD 21047
Customizable warehouse with multiple entrances and prime location.
Property Size9,000 SF
Lot Size0.50 Acres
Price / SF$108.33
Days on Market156
Property Features for 1010 Main St
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,578
Building Details
Year Built
1920
Listing Agency:
ALLFIRST REALTY, INC.
(443) 320-1344
Listed By:
RUSS DUKAN
Source:
Corcoran
Added: Mar 19
Changed: Aug 13
Last Checked: Aug 20 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALLFIRST REALTY, INC.
Investment Insights
Based on property information with market context.
Located at 1010 Main Street in Fallston, this commercial property offers nearly 9,000 square feet of customizable warehouse space. The property features four separate entrances, facilitating division into multiple sections. A large lot behind the building, previously used for semi-truck parking, is available. The property is equipped with a garage door and a freight elevator, enhancing its adaptability for various uses. Situated near I-95, Mountain Road, and Route 1, the property provides convenient access to Harford, Cecil, and Baltimore Counties. The property is located in historic Fallston. The zoning is B2 – Community Business District, which accommodates a range of retail, office, and service-based uses intended to serve the surrounding community. This zoning supports moderate to higher-intensity commercial activity, making it suitable for businesses seeking visibility and accessibility. The property is suitable for both owner-users and investors.
Key Highlights
- Prime location with easy access to I‑95, Mountain Road, and Route 1.
- Nearly 9,000 square feet of fully customizable warehouse space.
- Zoned B2 – Community Business District, allowing for a wide range of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,800
$1.3M
Cap Rate 7%
$949,143
$949.1K
Cap Rate 9%
$738,222
$738.2K
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$81.0K $9.00/SF
− Vacancy
−$2.8K −$0.32/SF
EGI
$78.2K $8.69/SF
− OpEx
−$11.7K −$1.30/SF
NOI
$66.4K $7.38/SF
Area
Harford County, MD
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,800
Cap Rate 7%
$949,143
Cap Rate 9%
$738,222
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,384 @ 7.0% cap · market cap 13.07%
Second Best
Warehouse
$949.1K
$830.5K – $1.11M
NOI $66,440 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$3.17M
$2.77M – $3.69M
NOI $221,671 @ 7.0% cap · market cap 22.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21047, MD
12,876
Population
4,925
Households
2.6
Avg Household Size
47
Median Age
53%
College-Educated
98%
High-School Grad
22.5 sq mi
ZIP Area
572
Density / Sq Mi
$154,524
Median Household Income
$72,609
Median Earnings
$2,482
Median Rent
$516,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Customizable warehouse with multiple entrances and prime location.
Where is this warehouse located?
The property is located at 1010 Main St Fallston, MD.
What is the asking price?
The asking price for this property is $974,997.
What are key features of this property?
This property features: Prime location with easy access to I‑95, Mountain Road, and Route 1.; Nearly 9,000 square feet of fully customizable warehouse space.; Zoned B2 – Community Business District, allowing for a wide range of uses.
