Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Howard County Title is generated by Realmo AI

    7600 Hearthside Way, Elkridge, MD

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New retail opportunity in mixed-use Howard Square development.

    Type:RETAIL
    Property size:
    1,472 SF
    Lot size:
    5.46 Acres
    Added:
    Aug 11, 2023
    Days on Market:
    1031
    Last Refresh:
    May 20 at 8:27 pm

    Property Features for 7600 Hearthside Way

    General Information

    Standard status
    Active
    Size
    1,472 SF
    Lot size
    5.46 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7600 Hearthside Way Contact us

    We can help!

    Listing Contact
    Marcelo Grosberg
    Marcelo Grosberg

    Listing agent Marcelo Grosberg

    Listing office Segall Group

    Listing date Aug 11, 2023

    Source Moodyscre

    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 Segall Group

    HighLights

    • Located in Howard Square, a new mixed‑use development with 1,067 residences.
    • High‑traffic location at a signalized intersection on Washington Boulevard (Route 1).
    • Excellent accessibility: close proximity to MD‑175 and I‑95.
    • Features 21,956 square feet of retail space.
    • Benefits from a wide demographic reach, including Fort Meade.
    • Close to the business hub along Columbia Gateway Drive.

    Overview

    Retail space is available at Howard Square, a new mixed-use development in Howard County, MD, featuring 1,067 residences, including 643 apartments and 424 townhomes. The development includes 21,956 square feet of retail space. The property is located at a signalized intersection on Washington Boulevard (Route 1), near MD-175 (approximately 0.2 miles) and I-95 (approximately 0.5 miles). The site benefits from a wide demographic, including proximity to The U.S. Army Installation Fort Meade (5.5 miles to the east) and businesses along Columbia Gateway Drive (1.7 miles to the west).
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • LA PULGA — 7450 Washington Blvd, Elkridge, MD 21075
    • Meadowridge Business Park II — 6790 business pkwy, elkridge, md 21075
    • Pulga De Baltimore — 7540 Quidditch Ln, Elkridge, MD 21075
    • Mercado la pulga — 7540 Washington Blvd, Elkridge, MD 21075
    • Howard Square — U.S. Route 1 Highway &, Port Capital Dr, Elkridge, MD 21075

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7803
    Latitude
    39.1743

    Nearby Similar for Lease

    • $1,750/Mo

      Elkridge Commercial Space For Rent

      Highly visible commercial location with excellent traffic exposure and easy access.
      5720 Main St, ELKRIDGE, MD 21075
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Lab Space in Elkridge

      2,000 SF ± lab space for sublease in Elkridge, MD.
      8170 Lark Brown Road, Elkridge, MD 21075
      View Details
    • Contact for pricing
      23,500 SF

      Elkridge Office Space for Lease

      Single-story office building with high visibility and ample parking.
      6800 Deerpath Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      9,000 SF

      Flex Suite for Office Distribution Use

      Sublease Suite 212 through November 2029, with office and distribution warehouse use supported by included storage and power features.
      7390 Coca Cola Drive, Elkridge, MD 21076
      View Details
    • Contact for pricing
      1,394 SF

      Elkridge Office Space For Lease

      Office space available for lease in Elkridge, Maryland.
      8186 Lark Brown Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Space Available For Sublease

      Industrial space available for sublease, ranging from 20,000-40,000 SF.
      7091 Troy Hill Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      220,800 SF

      Distribution Facility with I-95 Visibility

      Cross-dock distribution space with I-95 visibility and convenient access to major regional routes for logistics operations.
      6680 Business Pkwy, Elkridge, MD 21075
      View Details
    • Contact for pricing
      103,182 SF

      Elkridge Warehouse/Industrial Space Available

      103,182 sqft warehouse/industrial space for lease in Elkridge, MD.
      6680 Business Parkway, Elkridge, MD, 21075
      View Details
    • Contact for pricing
      80,359 SF

      Elkridge Warehouse Space Available

      80,359 sq ft warehouse/distribution space in Elkridge, MD.
      6675 Amberton Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      245,200 SF

      Elkridge Warehouse Space Available

      245,200 sqft warehouse space for rent in Elkridge, MD.
      7120 Dorsey Run Road, Elkridge, MD, 21075
      View Details
    • Contact for pricing
      52,124 SF

      Elkridge Commercial Property For Rent

      52,124 square foot commercial property available for rent.
      6745 Business Parkway, Elkridge, MD, 21075
      View Details
    • $24 SF/Yr
      1,867 SF

      Elkridge Office Space Available

      Office space available for rent in Elkridge, Maryland.
      6810 Deerpath Rd, Elkridge, MD
      View Details

    FAQs

    What type of property is this?
    Shopping center - New retail opportunity in mixed-use Howard Square development.
    Where is this shopping center located?
    The property is located at 7600 Hearthside Way Elkridge, MD.
    What are key features of this property?
    This property features: Located in Howard Square, a new mixed‑use development with 1,067 residences.; High‑traffic location at a signalized intersection on Washington Boulevard (Route 1).; Excellent accessibility: close proximity to MD‑175 and I‑95.
    (443) 927-6100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marcelo Grosberg
    Marcelo Grosberg
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7600 Hearthside Way, Elkridge, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!