Parkville Mixed-Use Investment
For Sale
$1,650,000
2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE, Parkville, MD 21234
Five buildings on 0.80 acres with commercial and residential income.
Property Size10,000 SF
Lot Size0.80 Acres
Price / SF$165
Days on Market187
Property Features for 2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.80 Acres
Property subtype
Office, Retail
Zoning
BL & DR 5.5
Building Details
Building Size
10,000 SF
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
Listed By:
Henson Ford
(410) 494-6657
Source:
Mackenziecommercial
Added: Apr 3
Changed: Sep 12
Last Checked: Oct 5 at 2:58PM
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.
Located at the intersection of Taylor and Chestnut Avenues in Parkville, Maryland, this property encompasses 0.80 acres and features five buildings, totaling approximately 10,000 square feet of improved residential and commercial space. The property includes an existing auto services building with available outdoor storage, along with in-place commercial and residential income. The location benefits from multiple access points and excellent visibility. Convenient access to Harford Road and Perring Parkway is available, with numerous retail and restaurant amenities within walking distance.
Key Highlights
- High‑visibility location at the intersection of Taylor and Chestnut Avenues.
- Existing auto services building with available outdoor storage.
- In‑place commercial and residential income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,657
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,813,140
$2.8M
Cap Rate 7%
$2,009,386
$2.0M
Cap Rate 9%
$1,562,856
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$267.6K $26.76/SF
− Vacancy
−$42.5K −$4.25/SF
EGI
$225.1K $22.51/SF
− OpEx
−$84.4K −$8.44/SF
NOI
$140.7K $14.07/SF
Area
Baltimore County, MD
Vacancy
15.90%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,813,140
Cap Rate 7%
$2,009,386
Cap Rate 9%
$1,562,856
Alternative Uses
Best Use
Mixed Use
$2.01M
$1.76M – $2.34M
NOI $140,657 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$97.02M
$84.89M – $113.19M
NOI $6,791,377 @ 7.0% cap · market cap 411.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five buildings on 0.80 acres with commercial and residential income.
Where is this mixed-use property located?
The property is located at 2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE Parkville, MD.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑visibility location at the intersection of Taylor and Chestnut Avenues.; Existing auto services building with available outdoor storage.; In‑place commercial and residential income.
