Flex Space with
For Sale
Contact for pricing
8007 Liberty Rd, Windsor Mill, MD 21244
Multi-use commercial property combines office, storage, retail, and warehouse areas with dock-height and drive-in access.
Property Size11,149 SF
Price / SF$174.90
Days on Market550
Property Features for 8007 Liberty Rd
General Information
Standard status
Active
Size
11,149 SF
Property subtype
LAND
Additional Details
Asking Price
$1,950,000
Warehouse Space
4,200 SF
Listing Agency:
Trout Daniel & Associates
(443) 921-9326
Listed By:
Arthur "Art" Putzel · License #639923
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:50PM
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 Trout Daniel & Associates
Investment Insights
Based on property information with market context.
This flex property includes approximately 2,100 square feet of office space, 4,200 square feet of warehouse space, 1,600 square feet of office and storage area, and 1,700 square feet dedicated to retail and office use. The warehouse component provides dock-height loading and drive-in doors, while on-site parking serves customers and employees. A small house at the front of the property is included.
Positioned along Liberty Road, the property records approximately 38,625 vehicles per day and offers exposure for a range of commercial operations. The combined layout supports retail, office, warehouse, and storage functions within one property.
Positioned along Liberty Road, the property records approximately 38,625 vehicles per day and offers exposure for a range of commercial operations. The combined layout supports retail, office, warehouse, and storage functions within one property.
Key Highlights
- Approximately 11,149 square feet across office, warehouse, storage, and retail areas
- Approximately 4,200 square feet of warehouse space with dock‑height loading
- Drive‑in doors provide direct warehouse access
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
$157,801
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
8.09%
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%
$3,156,020
$3.2M
Cap Rate 7%
$2,254,300
$2.3M
Cap Rate 9%
$1,753,344
$1.8M
Market Conditions
NOI Build-Up for 11,149 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
$240.8K $21.60/SF
− Vacancy
−$15.4K −$1.38/SF
EGI
$225.4K $20.22/SF
− OpEx
−$67.6K −$6.07/SF
NOI
$157.8K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$3,156,020
Cap Rate 7%
$2,254,300
Cap Rate 9%
$1,753,344
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,801 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$2.21M
$1.94M – $2.58M
NOI $155,002 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,969 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21244, MD
38,015
Population
15,006
Households
2.5
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
14.1 sq mi
ZIP Area
2,696
Density / Sq Mi
$84,849
Median Household Income
$45,367
Median Earnings
$1,538
Median Rent
$271,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Joyous Catering Services LLC — 8044 Milton Ave, Windsor Mill, MD 21244
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- Up In Smoke Caterers — 8212 Liberty Rd, Baltimore, MD 21244
- Ibile Cuisines — 8229 Kirk Farm Cir, Windsor Mill, MD 21244
- Folarin Catering Services LLC — 7909 Crisford Pl Apt F, Pikesville, MD 21208
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use commercial property combines office, storage, retail, and warehouse areas with dock-height and drive-in access.
Where is this flex space located?
The property is located at 8007 Liberty Rd Windsor Mill, MD.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 11,149 square feet across office, warehouse, storage, and retail areas; Approximately 4,200 square feet of warehouse space with dock‑height loading; Drive‑in doors provide direct warehouse access
