Forest Hill Office
For Sale
Contact for pricing
1379 W Jarrettsville Rd, Forest Hill, MD 21050
2,340 SF office space available for purchase.
Property Size2,340 SF
Price / SF$211.54
Days on Market150
Property Features for 1379 W Jarrettsville Rd
General Information
Standard status
Active
Size
2,340 SF
Property subtype
OFFICE
Listing Agency:
Streett Hopkins Real Estate
(410) 879-7466
Listed By:
Chris Streett
(410) 967-9896
Source:
Moodyscre
Added: May 20
Changed: Oct 2
Last Checked: Oct 16 at 10:02AM
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 Streett Hopkins Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property in Forest Hill, MD, offers 2,340 square feet of office space. The property is suitable for office units or general office space use.
Key Highlights
- 2,340 SF office space available for purchase
- Office space
- Property Details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,406
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,120
$328.1K
Cap Rate 7%
$234,371
$234.4K
Cap Rate 9%
$182,289
$182.3K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$26.7K $11.40/SF
− Vacancy
−$4.8K −$2.05/SF
EGI
$21.9K $9.35/SF
− OpEx
−$5.5K −$2.34/SF
NOI
$16.4K $7.01/SF
Area
Harford County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,120
Cap Rate 7%
$234,371
Cap Rate 9%
$182,289
Alternative Uses
Best Use
Office B
$234.4K
$205.1K – $273.4K
NOI $16,406 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.4K
$720.4K – $960.6K
NOI $57,635 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 21050, MD
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - 2,340 SF office space available for purchase.
Where is this office units located?
The property is located at 1379 W Jarrettsville Rd Forest Hill, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,340 SF office space available for purchase; Office space; Property Details
