Partially Fenced Warehouse
For Sale
Contact for pricing
1310 Franklin Ave, Essex, MD 21221
Warehouse building with partial fencing and easy access to major roadways, with ability to add additional drive-ins.
Property Size14,518 SF
Price / SF$82.66
Days on Market892
Property Features for 1310 Franklin Ave
General Information
Standard status
Active
Size
14,518 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Warehouse Space
14,518 SF
Building Details
Buildings
1
Building Size
14,518 SF
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(443) 625-8635
Listed By:
Andrew Meeder
(443) 625-8635
Source:
Moodyscre
Added: Feb 21, 2024
Changed: Jul 29
Last Checked: Jul 31 at 3:28AM
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.
This warehouse building offers 14,518 SF of space and is partially fenced. The property also has the ability to add 4 to 6 additional drive-ins, providing expansion options for vehicle access and operations.
For connectivity, the site is in close proximity to Eastern Boulevard/Route 150 and offers easy access to Route 702, I-695, I-95, and Route 40. The combination of on-site expansion potential and convenient highway access supports a variety of warehouse and distribution uses.
The property’s existing fenced perimeter and drive-in expansion capability make it well-suited for users seeking practical logistics and site flexibility.
For connectivity, the site is in close proximity to Eastern Boulevard/Route 150 and offers easy access to Route 702, I-695, I-95, and Route 40. The combination of on-site expansion potential and convenient highway access supports a variety of warehouse and distribution uses.
The property’s existing fenced perimeter and drive-in expansion capability make it well-suited for users seeking practical logistics and site flexibility.
Key Highlights
- 14,518 SF warehouse building
- Partially fenced property
- Close proximity to Eastern Boulevard/Route 150
Financial Insights For Warehouse
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 | $122.0k | $8.40 |
| − Vacancy | −$9.5k | −$0.65 |
| EGI | $112.5k | $7.75 |
| − OpEx | −$16.9k | −$1.16 |
| NOI | $95.6k | $6.59 |
14,518 SF · lease $8.40/SF/yr · vacancy 7.76% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.37M
$1.20M – $1.59M
NOI $95,615 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$140.85M
$123.25M – $164.33M
NOI $9,859,721 @ 7.0% cap · market cap 821.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21221, MD
43,381
Population
18,364
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
15.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$67,368
Median Household Income
$44,416
Median Earnings
$1,305
Median Rent
$266,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building with partial fencing and easy access to major roadways, with ability to add additional drive-ins.
Where is this warehouse located?
The property is located at 1310 Franklin Ave Essex, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 14,518 SF warehouse building; Partially fenced property; Close proximity to Eastern Boulevard/Route 150
