Freestanding Retail Property For
2101 Fallston Road Fallston, MD 21047
2101 Fallston Road, Fallston, MD, 21047
$2,750,000
For Sale
$2,750,000
10,032 SF retail property on 3.03 acres with drive-thru.
Property Size10,032 SF
Lot Size3.03 Acres
Price / SF$274.12
Days on Market111
Property Features for 2101 Fallston Road
General Information
- Standard status
- Active
- Size
- 10,032 SF
- Lot size
- 3.03 Acres
- Property subtype
- Retail
Listing agency
MacKenzie Commercial Real Estate - Corporate
(443) 573-3218
Listed by
Sean Langford
(443) 573-3218
Source
Mackenziecommercial
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:05AM
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 MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
The property at 2101 Fallston Road is a 10,032± square foot freestanding retail building situated on 3.03± acres. Located at a signalized corner intersection, the property is currently occupied by Walgreens with a remaining lease term, providing stable income. The site includes an existing drive-thru and two on-site pylon signs. Ample parking is available, with approximately 50 spaces. The property offers accessibility with full ingress and egress on both Fallston Road and Pleasantville Road, providing high visibility.
Key Highlights
- Freestanding retail property occupied by Walgreens, providing stable income.
- Ideal signalized corner intersection location on 3.03± acres.
- Remaining lease term with existing drive‑thru.
Local 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 | $216.7k | $21.60 |
| − Vacancy | −$13.8k | −$1.38 |
| EGI | $202.8k | $20.22 |
| − OpEx | −$60.9k | −$6.07 |
| NOI | $142.0k | $14.15 |
10,032 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.37M
NOI $141,991 @ 7.0% cap · market cap 5.16%
Second Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $117,057 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,090 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Western Union
Bank
higi
Physician
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 2101 Fallston Rd, Fallston, MD 21047
- Adil M. Yousaf, RPh — 2026 Fallston Rd, Fallston, MD 21047
- COVID-19 Drive-Thru Testing at Walgreens — 2101 Fallston Rd, Fallston, MD 21047
FAQs
What type of property is this?
Drug store - 10,032 SF retail property on 3.03 acres with drive-thru.
Where is this drug store located?
The property is located at 2101 Fallston Road Fallston, MD.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Freestanding retail property occupied by Walgreens, providing stable income.; Ideal signalized corner intersection location on 3.03± acres.; Remaining lease term with existing drive‑thru.
