One-Story Commercial Office
For Sale
$1,425,000
422 Crain Hwy S, Glen Burnie, MD 21061
One-story corner building with ample parking and updated roof, HVAC, and hot water system.
Property Size3,500 SF
Price / SF$407.14
Days on Market98
Property Features for 422 Crain Hwy S
General Information
Standard status
Active
Size
3,500 SF
Amenities
detached two-car garage
attractive landscaped grounds
large hallways
expansive rooms
three restrooms
Building Details
Year Built
1950
Stories
1
Listing Agency:
HSA Real Estate Group, INC
Listed By:
Gayle Anne Roberts · License #531583
(410) 647-8506
Source:
Mymarylandrealestate
Added: Jul 1
Changed: Sep 16
Last Checked: Oct 5 at 11:49PM
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 HSA Real Estate Group, INC
Investment Insights
Based on property information with market context.
This well-maintained one-story commercial building totals 3,500± square feet and is laid out with large hallways and expansive rooms throughout. The property includes three restrooms, attractive landscaped grounds, and a detached two-car garage with additional storage space, supporting a flexible interior configuration for a variety of professional and specialty uses.
Located on a prominent corner lot at 422 Crain Hwy S in Glen Burnie, MD, the building is positioned for strong visibility and convenient access, with over 30 on-site parking spaces available for staff and visitors. Recent capital improvements include a new roof installed in 2002, a new gas hot water system added in 2017, and a new HVAC system installed in 2018.
The flexible layout has been presented as suitable for medical or dental offices, professional offices, wellness or spa uses, counseling or therapy, adult day care or senior services, community center and educational uses, and specialty healthcare services, along with other office, event, and meeting-oriented applications.
Located on a prominent corner lot at 422 Crain Hwy S in Glen Burnie, MD, the building is positioned for strong visibility and convenient access, with over 30 on-site parking spaces available for staff and visitors. Recent capital improvements include a new roof installed in 2002, a new gas hot water system added in 2017, and a new HVAC system installed in 2018.
The flexible layout has been presented as suitable for medical or dental offices, professional offices, wellness or spa uses, counseling or therapy, adult day care or senior services, community center and educational uses, and specialty healthcare services, along with other office, event, and meeting-oriented applications.
Key Highlights
- 3,500± SF one‑story commercial building on a prominent corner lot with strong visibility and access
- Over 30 on‑site parking spaces plus detached two‑car garage with additional storage
- Recent capital improvements: new roof (2002), new gas hot water system (2017), new HVAC system (2018)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,747
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,940
$1.0M
Cap Rate 7%
$724,957
$725.0K
Cap Rate 9%
$563,856
$563.9K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$94.5K $27.00/SF
− Vacancy
−$9.9K −$2.84/SF
EGI
$84.6K $24.17/SF
− OpEx
−$33.8K −$9.67/SF
NOI
$50.7K $14.50/SF
Area
Anne Arundel County, MD
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,940
Cap Rate 7%
$724,957
Cap Rate 9%
$563,856
Alternative Uses
Best Use
Healthcare Medical
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 3.56%
Second Best
Office B
$350.6K
$306.7K – $409.0K
NOI $24,539 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$1.02M
$895.9K – $1.19M
NOI $71,669 @ 7.0% cap · market cap 5.03%
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
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 21061, MD
57,352
Population
23,196
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
12.2 sq mi
ZIP Area
4,701
Density / Sq Mi
$86,081
Median Household Income
$48,429
Median Earnings
$1,661
Median Rent
$326,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - One-story corner building with ample parking and updated roof, HVAC, and hot water system.
Where is this office building located?
The property is located at 422 Crain Hwy S Glen Burnie, MD.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3,500± SF one‑story commercial building on a prominent corner lot with strong visibility and access; Over 30 on‑site parking spaces plus detached two‑car garage with additional storage; Recent capital improvements: new roof (2002), new gas hot water system (2017), new HVAC system (2018)
