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Class A Office-Retail Space
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8221 Ritchie Hwy, Pasadena, MD 21122

First-floor office/retail space in a Class A custom-designed building with ample free parking and on-site management.

Space Size976 SF
Days on Market1238

Property Features for 8221 Ritchie Hwy

General Information

Standard status Active
Size 976 SF
Class A
Property subtype OFFICE
Lease Type Modified Gross

Additional Details

Floor 1

Amenities

free parking
on-site management

Building Details

Parking Ratio 4 per 1,000 SF

Spaces For Lease

at 8221 Ritchie Hwy Contact us

8221 Ritchie Hwy $22/SF/Yr

Floor
3
Size
976 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- 1st floor office/retail space with ½ price rent for the first 2 years - Class...
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Listing Agency: Douglas Commercial
Listed By: Scott Douglas · License #580592
Source: Moodyscre
Added: Apr 25, 2023 Changed: Sep 12 Last Checked: Sep 13 at 10:22AM

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 Douglas Commercial

Investment Insights

Based on property information with market context.

This first-floor office/retail space is located in a Class A custom-designed building. The property is offered with on-site management, supporting day-to-day oversight for tenants.

The building provides ample free parking, calculated at 4 spaces per 1,000 square feet. The space is positioned for both office and retail-style use within the same facility.

The owner’s terms include a rent concession described as half price for the first two years.

Key Highlights

  • First‑floor office/retail space in a Class A custom‑designed building
  • Ample free parking at 4/1000 SF
  • On‑site management

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Building Supply Law Firm Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

413
Businesses Nearby

Demographics for 21122, MD

62,368
Population
23,624
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.4 sq mi
ZIP Area
1,986
Density / Sq Mi
$121,732
Median Household Income
$63,687
Median Earnings
$2,077
Median Rent
$412,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Pasadena, MD

$25.38 /SF/Yr
Avg Asking Price
$19.5–$29 /SF/Yr
Price Range
6,319 SF
Avg Space Size

This space is priced 13% below the average of $25.38 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - First-floor office/retail space in a Class A custom-designed building with ample free parking and on-site management.
Where is this office units located?
The property is located at 8221 Ritchie Hwy Pasadena, MD.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: First‑floor office/retail space in a Class A custom‑designed building; Ample free parking at 4/1000 SF; On‑site management
(301) 655-8253 Call to check price and availability
More about this property
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