Fenced Flex Space with Garage
For Sale
Contact for pricing
108 WISE AVENUE, Dundalk, MD 21222
Open interior configuration supports automotive service, showroom, office, or workspace buildout.
Property Size3,608 SF
Price / SF$2.08
Days on Market51
Property Features for 108 WISE AVENUE
General Information
Standard status
Active
Size
3,608 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1960
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Michael Thomas Absalom · License #5002739
(443) 596-7699
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 11:58PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This flex-space commercial property contains 3,608 square feet of interior area within a building constructed in 1960. The open layout includes two half bathrooms and four overhead garage doors: one approximately 12 feet high and three measuring over 9 feet. Ceiling heights exceed 20 feet, providing substantial vertical clearance for automotive and service-oriented operations.
The building sits on a large paved lot enclosed by fencing, adding outdoor area for vehicle parking, storage, equipment, or business operations. Multiple overhead access points connect the interior with the exterior work area.
Prior uses have included an auto clinic, automotive locksmith operation, and seafood carryout. The property can accommodate automotive-related concepts such as body work, repair, detailing, or similar services, while the interior may also be configured for retail, showroom, office, or workspace areas. It is located at 108 WISE AVENUE in Dundalk, Maryland, with permitted uses and zoning requirements subject to buyer or tenant verification.
The building sits on a large paved lot enclosed by fencing, adding outdoor area for vehicle parking, storage, equipment, or business operations. Multiple overhead access points connect the interior with the exterior work area.
Prior uses have included an auto clinic, automotive locksmith operation, and seafood carryout. The property can accommodate automotive-related concepts such as body work, repair, detailing, or similar services, while the interior may also be configured for retail, showroom, office, or workspace areas. It is located at 108 WISE AVENUE in Dundalk, Maryland, with permitted uses and zoning requirements subject to buyer or tenant verification.
Key Highlights
- 3,608 square feet of interior space on a large paved lot
- Four overhead garage doors, including one approximately 12 foot door and three over 9 feet
- Ceiling heights exceeding 20 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,314
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,280
$486.3K
Cap Rate 7%
$347,343
$347.3K
Cap Rate 9%
$270,156
$270.2K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$42.4K $11.76/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$37.4K $10.37/SF
− OpEx
−$13.1K −$3.63/SF
NOI
$24.3K $6.74/SF
Area
Baltimore County, MD
Vacancy
11.84%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,280
Cap Rate 7%
$347,343
Cap Rate 9%
$270,156
Alternative Uses
Best Use
Retail
$729.5K
$638.3K – $851.1K
NOI $51,067 @ 7.0% cap · market cap 680.89%
Second Best
Industrial
$408.2K
$357.2K – $476.2K
NOI $28,573 @ 7.0% cap · market cap 380.97%
Theoretical Best
Multifamily LT 5
$35.00M
$30.63M – $40.84M
NOI $2,450,329 @ 7.0% cap · market cap 32,671.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Open interior configuration supports automotive service, showroom, office, or workspace buildout.
Where is this flex space located?
The property is located at 108 WISE AVENUE Dundalk, MD.
What are key features of this property?
This property features: 3,608 square feet of interior space on a large paved lot; Four overhead garage doors, including one approximately 12 foot door and three over 9 feet; Ceiling heights exceeding 20 feet
