Ritchie Highway Commercial
5410 RITCHIE Hwy Baltimore, MD 21225
For Sale
$899,000
3200 SF commercial space with parking on Ritchie Highway.
Property Size3,200 SF
Lot Size0.30 Acres
Price / SF$280.94
Days on Market141
Property Features for 5410 RITCHIE Hwy
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.30 Acres
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
RE/MAX 100
(410) 446-3132
Listed By:
Christopher B Cecil · License #584424
(410) 446-3132
Source:
Elliman
Added: Mar 11
Changed: Jul 10
Last Checked: Jul 29 at 11:10AM
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 RE/MAX 100
Investment Insights
Based on property information with market context.
This property on Ritchie Highway presents a commercial opportunity with 3200 square feet of space and parking for up to 20 vehicles. It is suitable for office, retail, or restaurant use, subject to verification by the buyer through Anne Arundel County. The property can accommodate up to three office suites. Two suites have been built out, while one remains unfinished, offering a customizable space for a potential tenant.
Key Highlights
- High‑rent potential with up to 3 office suites.
- Two office suites are already built out.
- 3200 square feet of total space.
Financial Insights For Office B
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 | $71.0k | $22.20 |
| − Vacancy | −$11.7k | −$3.66 |
| EGI | $59.3k | $18.54 |
| − OpEx | −$14.8k | −$4.63 |
| NOI | $44.5k | $13.90 |
3,200 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.6K
$670.8K – $894.4K
NOI $53,664 @ 7.0% cap · market cap 5.97%
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?
Office units - 3200 SF commercial space with parking on Ritchie Highway.
Where is this office units located?
The property is located at 5410 RITCHIE Hwy Baltimore, MD.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑rent potential with up to 3 office suites.; Two office suites are already built out.; 3200 square feet of total space.
