Five-Unit
New
For Sale
$2,450,000
1017 Leslie Ave, Catonsville, MD 21228
Multiple drive-in and dock loading options serve a five-unit industrial building with separate electric meters.
Property Size19,910 SF
Lot Size0.91 Acres
Price / SF$123.05
Days on Market2
Property Features for 1017 Leslie Ave
General Information
Standard status
Active
Size
19,910 SF
Lot size
0.91 Acres
Property subtype
Warehouse
Zoning
BM
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20.5 ft
Warehouse Space
19,910 SF
Dock-High Doors
2
Drive-In Doors
5
Amenities
5 Bays - 4 Accessible from Leslie Avenue with a Lower-Level Bay Accessible from Cummings Avenue and From Bay 4
13'9" - 20'6" Clear Heights with 5 Drive-In Doors and 2 Loading Docks
Business, Major Zoning (Permits Various Retail, Service, Warehousing Uses and More
Located Just Off Baltimore National Pike (52,802 AADT)
1-Mile From I-695, Less Than 4 Miles From I-70, and 20-Minutes from Downtown Baltimore and BWI Airport
Building Details
Building Size
19,910 SF
Year Built
1992
Buildings
1
Listed By:
Alec Schwartz · License #License(s): MD: 5014417, PA: RSR006846
(202) 536-3722
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:01PM
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 Alec Schwartz
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Investment Insights
Based on property information with market context.
The 19,910-square-foot warehouse contains five units on a 0.91-acre parcel and was built in 1992. Unit areas range from 3,286 to 4,428 square feet, with clear heights of 10 feet 2 inches to 20 feet 6 inches. The building has five drive-in doors and two loading docks. Each unit has its own electric meter; one bathroom has been removed. Four units are accessed from Leslie Avenue, while the fifth has access from Cummings Avenue. Bays 3, 4 and 5 connect internally, and Bays 1 and 2 are no longer connected by the previously used opening.
At closing, 15,515 square feet across four units is expected to be vacant. Unit 1 is under a five-year NNN lease to BPR Automotive, with extension options. The property has BM (Business, Major) zoning and immediate access to Baltimore National Pike, which carries an AADT of 52,802. I-695 and I-70 are each within an 8-minute drive. Nearby national retailers include McDonald’s, Starbucks and Sunbelt Rentals.
At closing, 15,515 square feet across four units is expected to be vacant. Unit 1 is under a five-year NNN lease to BPR Automotive, with extension options. The property has BM (Business, Major) zoning and immediate access to Baltimore National Pike, which carries an AADT of 52,802. I-695 and I-70 are each within an 8-minute drive. Nearby national retailers include McDonald’s, Starbucks and Sunbelt Rentals.
Key Highlights
- 19,910 SF warehouse on a 0.91‑acre lot
- Five units ranging from 3,286 SF to 4,428 SF
- 15,515 SF expected to be vacant at closing; Unit 1 has a 5‑year NNN lease with extension options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,126
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,622,520
$2.6M
Cap Rate 7%
$1,873,229
$1.9M
Cap Rate 9%
$1,456,956
$1.5M
Market Conditions
NOI Build-Up for 19,910 SF
Gross rent
$167.2K $8.40/SF
− Vacancy
−$13.0K −$0.65/SF
EGI
$154.3K $7.75/SF
− OpEx
−$23.1K −$1.16/SF
NOI
$131.1K $6.59/SF
Area
Baltimore County, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,622,520
Cap Rate 7%
$1,873,229
Cap Rate 9%
$1,456,956
Alternative Uses
Best Use
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,126 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$193.17M
$169.02M – $225.36M
NOI $13,521,632 @ 7.0% cap · market cap 551.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21228, MD
50,418
Population
20,357
Households
2.5
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
15.6 sq mi
ZIP Area
3,232
Density / Sq Mi
$107,714
Median Household Income
$59,038
Median Earnings
$1,631
Median Rent
$389,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- LastMinuteLabor.com — 407 Commonwealth Ave, Catonsville, MD 21228
- Public Storage — 720 Lafayette Ave, Catonsville, MD 21228
Frequently Asked Questions
What type of property is this?
Warehouse - Multiple drive-in and dock loading options serve a five-unit industrial building with separate electric meters.
Where is this warehouse located?
The property is located at 1017 Leslie Ave Catonsville, MD.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 19,910 SF warehouse on a 0.91‑acre lot; Five units ranging from 3,286 SF to 4,428 SF; 15,515 SF expected to be vacant at closing; Unit 1 has a 5‑year NNN lease with extension options
