Commercial Building on Ritchie
8230 Ritchie Hwy Pasadena, MD
For Sale
Contact for pricing
5,500+/- SF commercial building on Ritchie Highway in Pasadena, MD.
Property Size5,500 SF
Lot Size0.53 Acres
Price / SF$390.91
Days on Market494
Property Features for 8230 Ritchie Hwy
General Information
Standard status
Active
Size
5,500 SF
Lot size
0.53 Acres
Property subtype
RETAIL
Properties For Sale
at 8230 Ritchie Hwy Contact us
Listing Agency:
Douglas Commercial
(301) 655-8253
Listed By:
Scott Douglas · License #580592
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:33AM
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 Douglas Commercial
Investment Insights
Based on property information with market context.
This commercial building, offering 5,500+/- square feet, is located on Ritchie Highway (MD-2) in Pasadena. The property benefits from high visibility and accessibility within a business corridor. The space is scheduled to be vacant and available for occupancy in March.
Key Highlights
- Prime commercial property on Ritchie Highway (MD‑2)
- Boasting a 5,500 +/- SF commercial building
- High visibility location
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.8k | $21.60 |
| − Vacancy | −$7.6k | −$1.38 |
| EGI | $111.2k | $20.22 |
| − OpEx | −$33.4k | −$6.07 |
| NOI | $77.8k | $14.15 |
5,500 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$973.1K – $1.30M
NOI $77,846 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,622 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - 5,500+/- SF commercial building on Ritchie Highway in Pasadena, MD.
Where is this storefront property located?
The property is located at 8230 Ritchie Hwy Pasadena, MD.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Prime commercial property on Ritchie Highway (MD‑2); Boasting a **5,500 +/- SF commercial building**; High visibility location
