Renovated Mixed-Use Office and
For Sale
$399,999
Pending
1416 Sulphur Spring Road, Halethorpe, MD 21227
Renovated two-story building with two rented units and an office space available, plus off-street parking and a powered 20' x 20' garage.
Property Size2,510 SF
Days on Market375
Property Features for 1416 Sulphur Spring Road
General Information
Standard status
Pending
Size
2,510 SF
Total Parking Spaces
9
Property subtype
Contingent
Zoning
BLCCC
Units
Multifamily Units
2
Office Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,981
Amenities
Natural Gas
Yes
No
Assessor
No Pool
Public
R
0.16
Garage - Front Entry
Detached Garage,Driveway,Parking Lot
Block
86000.00
9
7
2
Building Details
Building Size
2,510 SF
Year Built
1927
Year Renovated
2024
Stories
2
Tenancy
Multi
Listing Agency:
Samson Properties
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Oct 15, 2025
Changed: Oct 15
Last Checked: Oct 24 at 2:25PM
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 Samson Properties
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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.
A fully renovated two-story building offering two rented units and one office space currently available to lease. The property includes off-street parking for six spaces and a rentable 20' x 20' garage with power, work area, and storage. An office space of approximately 1,054 SF is available, and the building also features a full unfinished basement with a walk-up.
The property is about one mile from UMBC and directly across from Arbutus Plaza. It also provides easy access to I-695 and I-95.
Zoned BL, the property supports residential mixed-use possibilities. The configuration also supports a live-in arrangement, with the option to occupy one unit while leasing the remaining space.
The property is about one mile from UMBC and directly across from Arbutus Plaza. It also provides easy access to I-695 and I-95.
Zoned BL, the property supports residential mixed-use possibilities. The configuration also supports a live-in arrangement, with the option to occupy one unit while leasing the remaining space.
Key Highlights
- Entire building renovated in 2024; two‑story property with 2 rented units plus an office space available to lease.
- 1,054 SF office space available to lease out; commercial unit now open to lease.
- Powered 20' x 20' rentable detached garage with work area and storage, plus 7 off‑street parking spaces total.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,442
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,840
$228.8K
Cap Rate 7%
$163,457
$163.5K
Cap Rate 9%
$127,133
$127.1K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$18.6K $11.40/SF
− Vacancy
−$3.3K −$2.05/SF
EGI
$15.3K $9.35/SF
− OpEx
−$3.8K −$2.34/SF
NOI
$11.4K $7.01/SF
Area
Baltimore 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%
$228,840
Cap Rate 7%
$163,457
Cap Rate 9%
$127,133
Alternative Uses
Best Use
Multifamily LT 5
$15.83M
$13.85M – $18.47M
NOI $1,108,353 @ 7.0% cap · market cap 277.09%
Second Best
Apartment 5plus
$13.76M
$12.04M – $16.05M
NOI $963,285 @ 7.0% cap · market cap 240.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-story building with two rented units and an office space available, plus off-street parking and a powered 20' x 20' garage.
Where is this duplex located?
The property is located at 1416 Sulphur Spring Road Halethorpe, MD.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Entire building renovated in 2024; two‑story property with 2 rented units plus an office space available to lease.; 1,054 SF office space available to lease out; commercial unit now open to lease.; Powered 20' x 20' rentable detached garage with work area and storage, plus 7 off‑street parking spaces total.
