Three-Story Office
For Sale
$895,000
300 Allegheny, Towson, MD 21204
Three-story office building with private offices, reception areas, conference room, and 12 on-site parking spaces.
Property Size4,378 SF
Price / SF$204.43
Days on Market112
Property Features for 300 Allegheny
General Information
Standard status
Active
Size
4,378 SF
Total Parking Spaces
12
Amenities
conference room
reception areas
kitchenette
Building Details
Year Built
1913
Stories
3
Listing Agency:
Realty One Group Performance, LLC
Listed By:
Alexis Wise · License #05646689
(301) 537-2271
Source:
Kableteam
Added: Jun 4
Changed: Sep 12
Last Checked: Sep 22 at 8:55PM
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 Realty One Group Performance, LLC
Investment Insights
Based on property information with market context.
Now available for sale is a well-maintained three-story office building on a highly visible, high-traffic street in Towson, Maryland. The flexible layout includes 12 private offices, two reception areas, and a dedicated conference room, supported by a kitchenette, multiple storage areas, two half bathrooms, and one full bathroom across all three levels.
The property includes 12 on-site parking spaces for employee and client convenience. It is surrounded by restaurants, retail, financial institutions, and public transportation, supporting easy accessibility in an established business district.
Seller financing is available for qualified buyers.
The property includes 12 on-site parking spaces for employee and client convenience. It is surrounded by restaurants, retail, financial institutions, and public transportation, supporting easy accessibility in an established business district.
Seller financing is available for qualified buyers.
Key Highlights
- Well‑maintained three‑story office building built in 1913 in Towson, MD
- Flexible layout with 12 private offices, two reception areas, and a dedicated conference room
- Includes kitchenette, multiple storage areas, two half bathrooms, and one full bathroom
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
$30,694
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
3.43%
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%
$613,880
$613.9K
Cap Rate 7%
$438,486
$438.5K
Cap Rate 9%
$341,044
$341.0K
Market Conditions
NOI Build-Up for 4,378 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
$49.9K $11.40/SF
− Vacancy
−$9.0K −$2.05/SF
EGI
$40.9K $9.35/SF
− OpEx
−$10.2K −$2.34/SF
NOI
$30.7K $7.01/SF
Area
Baltimore 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 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%
$613,880
Cap Rate 7%
$438,486
Cap Rate 9%
$341,044
Alternative Uses
Best Use
Office B
$438.5K
$383.7K – $511.6K
NOI $30,694 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.48M
$37.17M – $49.55M
NOI $2,973,265 @ 7.0% cap · market cap 332.21%
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
3,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 21204, MD
20,967
Population
9,529
Households
2.2
Avg Household Size
36
Median Age
73%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,328
Density / Sq Mi
$98,452
Median Household Income
$53,889
Median Earnings
$1,894
Median Rent
$571,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with private offices, reception areas, conference room, and 12 on-site parking spaces.
Where is this office building located?
The property is located at 300 Allegheny Towson, MD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Well‑maintained three‑story office building built in 1913 in Towson, MD; Flexible layout with 12 private offices, two reception areas, and a dedicated conference room; Includes kitchenette, multiple storage areas, two half bathrooms, and one full bathroom
