Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1393 Progress Way Eldersburg, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space for lease in Eldersburg, Maryland.

    Type:INDUSTRIAL
    Property size:
    2,500 SF
    Lot size:
    66.91 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    132
    Last Refresh:
    Apr 1 at 9:11 pm

    Property Features for 1393 Progress Way

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    66.91 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1393 Progress Way Contact us

    We can help!

    Listing Contact
    Ashley Reimer
    Ashley Reimer

    Listing agent Ashley Reimer

    Listing office Merritt Properties - Maryland HQ

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Merritt Properties - Maryland HQ

    Overview

    Eldersburg Warehouse Space Available

    Warehouse spaces are available for lease, featuring clear ceiling heights of 16, 20, 24, and 28 feet. The properties include rear building docks and drive-in access. Comcast service is available. Surface parking is provided. The buildings are equipped with sprinklers, gas heat, and public water and sewer. Buildings 1393 and 1430 have 120/208 volt, 3-phase, 4-wire electrical service, while buildings 1470 and 1533 have 277/480 volt, 3-phase, 4-wire electrical service. One available space is 2,500 square feet and located at 1393 Progress Way, Eldersburg, MD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Winfield Tile Inc General Contractor Joanie Hynes, RE/MAX ... Real Estate Agency David Post Realtor Real Estate Agency Pat White - RE/MAX ... Real Estate Agency Phyllis Adam, RE/MAX ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eldersburg
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9474
    Latitude
    39.4122

    Nearby Similar for Lease

    • Contact for pricing

      Eldersburg Office Space For Lease

      Office space with parking, signage, and convenient location.
      6306 SYKESVILLE Road, ELDERSBURG, MD 21784
      View Details
    • Contact for pricing

      Eldersburg Office Space Available

      Office space for rent in Liberty Exchange, Eldersburg, MD.
      5963 Exchange Dr, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Flex/R&D Space Available

      Flex/R&D space available for lease in Eldersburg, Maryland.
      5959 Exchange Dr, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Flex Space For Rent

      Flex space available in Eldersburg near MD Rt. 32.
      5977 Exchange Dr, Eldersburg, MD
      View Details
    • $25/mo

      Eldersburg Office Space For Rent

      Newly renovated office space with ample parking and great visibility.
      1332 Londontown Blvd, Eldersburg, MD
      View Details
    • Contact for pricing

      Retail Development in Eldersburg, MD

      300,000 SF retail development in high-income area.
      6400 Ridge Rd, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Retail Space for Lease

      Retail space available in Carroll County business community.
      5957 Exchange Dr, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Medical Office Space Available

      Turn-key medical office space with dedicated entrance.
      5961 Exchange Dr, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Industrial-Warehouse Space Available

      200,000 SF industrial-warehouse space for lease in Eldersburg, MD.
      1533 Progress Way, Eldersburg, MD
      View Details
    • Contact for pricing

      Eldersburg Office Building For Rent

      Two-story Class C office building in Eldersburg, Maryland.
      1425 Liberty Rd, Eldersburg, MD 21784
      View Details
    • Contact for pricing

      Eldersburg Retail Space Available

      Prime retail space for lease in Eldersburg, Maryland.
      1207-1213 Liberty Road, Eldersburg, MD 21784
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space for lease in Eldersburg, Maryland.
    Where is this warehouse located?
    The property is located at 1393 Progress Way Eldersburg, MD.
    What are key features of this property?
    This property features: Multiple clear ceiling heights available (16’, 20’, 24’ & 28’); Rear building docks and drive‑ins; Ample surface parking
    (410) 298-2600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ashley Reimer
    Ashley Reimer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!