Flex Building with Office
For Sale
Contact for pricing
1244 Ritchie Hwy, Arnold, MD 21012
Flex building offering mostly office build-out, electric heating and cooling, and 12’ drive-in height.
Property Size2,089 SF
Price / SF$227.38
Days on Market446
Property Features for 1244 Ritchie Hwy
General Information
Standard status
Active
Size
2,089 SF
Property subtype
OFFICE
Listing Agency:
MacKenzie Commercial Real Estate | Columbia (MD)
(410) 274-1801
Listed By:
Hayes Merkert
(410) 274-1801
Source:
Moodyscre
Added: May 12, 2025
Changed: Jul 27
Last Checked: Jul 30 at 10:13AM
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 | Columbia (MD)
Investment Insights
Based on property information with market context.
1244 Ritchie Hwy is a flex building with available space and a layout that is built out mostly for office use. The property includes electric heating and cooling, and it features a 12’ drive-in height suited for flexible loading and use within the building.
The property is located in Arnold, MD, with easy access and is approximately 10 minutes from Annapolis and the Chesapeake Bay Bridge.
For tenants or buyers looking for a combination of office-ready improvements and warehouse/flex capability, this building provides an integrated office-focused configuration alongside drive-in access height.
The property is located in Arnold, MD, with easy access and is approximately 10 minutes from Annapolis and the Chesapeake Bay Bridge.
For tenants or buyers looking for a combination of office-ready improvements and warehouse/flex capability, this building provides an integrated office-focused configuration alongside drive-in access height.
Key Highlights
- Flex building with available space in Arnold, MD
- Mostly office space with an electric heating and cooling system
- 12’ drive‑in height for loading and access
Financial Insights For Flex RnD
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 | $41.9k | $20.04 |
| − Vacancy | −$3.4k | −$1.64 |
| EGI | $38.4k | $18.40 |
| − OpEx | −$13.5k | −$6.44 |
| NOI | $25.0k | $11.96 |
2,089 SF · lease $20.04/SF/yr · vacancy 8.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$356.9K
$312.3K – $416.3K
NOI $24,980 @ 7.0% cap · market cap 5.26%
Second Best
Office B
$209.2K
$183.1K – $244.1K
NOI $14,646 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$611.1K
$534.7K – $712.9K
NOI $42,776 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21012, MD
22,377
Population
8,509
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
2,283
Density / Sq Mi
$137,544
Median Household Income
$72,146
Median Earnings
$2,171
Median Rent
$552,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building offering mostly office build-out, electric heating and cooling, and 12’ drive-in height.
Where is this flex space located?
The property is located at 1244 Ritchie Hwy Arnold, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Flex building with available space in Arnold, MD; Mostly office space with an electric heating and cooling system; 12’ drive‑in height for loading and access
