Professional Office with
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For Sale
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1207 BALDWIN MILL ROAD, Jarrettsville, MD 21084
Approved for office use in the VR district, the property includes on-site parking for up to 10 vehicles.
Property Size2,270 SF
Price / SF$1.67
Days on Market3
Property Features for 1207 BALDWIN MILL ROAD
General Information
Standard status
Active
Size
2,270 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
VR
Additional Details
Property Use
Office
Building Details
Year Built
1940
Buildings
2
Listing Agency:
O'Neill Enterprises Realty
(410) 838-6980
Listed By:
Aimee C O'Neill · License #00921
(410) 459-7220
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:41AM
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 O'Neill Enterprises Realty
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Investment Insights
Based on property information with market context.
This professional office property provides nearly 1,400 square feet of improved space, along with 884 square feet of basement storage. A detached 840-square-foot garage features electric service and mezzanine storage. The converted dwelling was built in 1940 and is approved for office use in the VR zoning district.
The property is in the Jarrettsville, Forest Hill, and Fallston area, with paved on-site parking for up to 10 vehicles. The stated traffic count is more than 10,000 vehicles daily. Immediate occupancy is available, and a multi-year lease is an option.
The property is in the Jarrettsville, Forest Hill, and Fallston area, with paved on-site parking for up to 10 vehicles. The stated traffic count is more than 10,000 vehicles daily. Immediate occupancy is available, and a multi-year lease is an option.
Key Highlights
- Nearly 1,400 square feet of improved professional office space
- 884‑square‑foot basement for storage
- Detached 840‑square‑foot garage with electric and mezzanine storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,915
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,300
$318.3K
Cap Rate 7%
$227,357
$227.4K
Cap Rate 9%
$176,833
$176.8K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$25.9K $11.40/SF
− Vacancy
−$4.7K −$2.05/SF
EGI
$21.2K $9.35/SF
− OpEx
−$5.3K −$2.34/SF
NOI
$15.9K $7.01/SF
Area
Harford 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%
$318,300
Cap Rate 7%
$227,357
Cap Rate 9%
$176,833
Alternative Uses
Best Use
Office B
$227.4K
$198.9K – $265.3K
NOI $15,915 @ 7.0% cap · market cap 418.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.7K
$698.9K – $931.8K
NOI $55,910 @ 7.0% cap · market cap 1,471.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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Business Placement
Demographics for 21084, MD
7,600
Population
2,846
Households
2.7
Avg Household Size
46
Median Age
43%
College-Educated
97%
High-School Grad
23.8 sq mi
ZIP Area
319
Density / Sq Mi
$118,098
Median Household Income
$70,417
Median Earnings
$1,332
Median Rent
$445,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Approved for office use in the VR district, the property includes on-site parking for up to 10 vehicles.
Where is this office building located?
The property is located at 1207 BALDWIN MILL ROAD Jarrettsville, MD.
What are key features of this property?
This property features: Nearly 1,400 square feet of improved professional office space; 884‑square‑foot basement for storage; Detached 840‑square‑foot garage with electric and mezzanine storage
