Professional Office
117 DELAWARE AVE, Glen Burnie, MD 21061
For Sale
Contact for pricing
Approved for professional office use with parking available nearby.
Property Size1,000 SF
Price / SF$1.20
Days on Market101
Property Features for 117 DELAWARE AVE
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Maryland Dream Home Realty
(443) 334-6300
Listed By:
Ronald T Davis · License #SP98373418
(443) 977-9517
Source:
Cummingsrealtors
Added: Jul 30
Changed: Nov 6
Last Checked: Nov 6 at 9:31AM
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 Maryland Dream Home Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is approved for professional office use and is not permitted for retail operations. The property dates to 1948 and is located at 117 Delaware Ave in Glen Burnie, Maryland. Parking is available in the adjacent shipping center and the county courthouse parking garage, providing nearby options for occupants and visitors.
Key Highlights
- Approved use is professional office; retail use is not permitted
- Parking available in the adjacent shipping center
- Additional parking available in the county courthouse parking garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,011
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,220
$140.2K
Cap Rate 7%
$100,157
$100.2K
Cap Rate 9%
$77,900
$77.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$11.4K $11.40/SF
− Vacancy
−$2.1K −$2.05/SF
EGI
$9.3K $9.35/SF
− OpEx
−$2.3K −$2.34/SF
NOI
$7.0K $7.01/SF
Area
Anne Arundel County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,220
Cap Rate 7%
$100,157
Cap Rate 9%
$77,900
Alternative Uses
Best Use
Office B
$100.2K
$87.6K – $116.9K
NOI $7,011 @ 7.0% cap · market cap 584.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 1,706.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 21061, MD
57,352
Population
23,196
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
12.2 sq mi
ZIP Area
4,701
Density / Sq Mi
$86,081
Median Household Income
$48,429
Median Earnings
$1,661
Median Rent
$326,000
Median Home Value
Market
Properties on Market for Office Units in Anne Arundel County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Approved for professional office use with parking available nearby.
Where is this office unit located?
The property is located at 117 DELAWARE AVE Glen Burnie, MD.
What are key features of this property?
This property features: Approved use is professional office; retail use is not permitted; Parking available in the adjacent shipping center; Additional parking available in the county courthouse parking garage
