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 Market141
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 | Baltimore
(410) 494-6657
Listed By:
Henson Ford
(410) 494-6657
Source:
Mackenziecommercial
Added: Apr 3
Changed: Aug 14
Last Checked: Aug 21 at 3:59AM
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 | Baltimore
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Questions? Ask Rey
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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.
