Warehouse with Office and
1449 Odenton Rd Odenton, MD 21113
1449 Odenton Rd, Odenton, MD, 21113
$3,050,000
For Sale
$3,050,000
Warehouse with 6 loading docks, 3 drive-in doors, and a 2-story office plus mezzanine on a fenced, paved lot.
Property Size17,640 SF
Lot Size1.28 Acres
Price / SF$172.90
Days on Market69
Property Features for 1449 Odenton Rd
General Information
- Standard status
- Active
- Size
- 17,640 SF
- Lot size
- 1.28 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1973
Listing agency
Marcus & Millichap - Washington, D.C.
(202) 536-3722
Listed by
Alec Schwartz · License #License(s): MD: 5014417, PA: RSR006846
(202) 536-3722
Source
Marcusmillichap
Added: May 14 Updated: Jul 20 at 7:11PM Checked: Jul 21 at 3:04AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This 17,640 SF warehouse on a 1.28-acre site includes 13,990 SF of warehouse space, 3,650 SF of office space, and an additional 2,500 SF mezzanine area (excluded from the total building size). The warehouse is served by 6 loading docks and 3 drive-in doors, with ceiling heights ranging from 16’–19’8”. The property is fully fenced and includes about half an acre of parking and outdoor storage, with a large 21,500 SF paved parking/outdoor storage area.
The office area is two stories with two separate stairways connecting the floors. The first floor includes co-working space, private offices, a reception area, storage, a break room, and one bathroom. The second floor features co-working space, storage rooms, a break room, and one bathroom.
The building layout would allow for subdivision for multiple tenants. The property is zoned OTC-T (Odenton Town Center-Transition), which permits a mixture of light industrial, retail, and office uses, including uses such as auto repair and detailing, equipment sales and repair, gym/fitness, and home/hardware/building supply stores. While delivered mostly vacant, 3,500 SF is leased to a flooring business with one year remaining on the lease; the lease can be terminated with a 60-day written notice by either landlord or tenant. Access is described as approximately 2 minutes from the Route-32 on-ramp, with proximity to I-97 and within 15 minutes of BWI Airport, about 30 minutes to Downtown Baltimore, and about 45 minutes to Washington, D.C.
The office area is two stories with two separate stairways connecting the floors. The first floor includes co-working space, private offices, a reception area, storage, a break room, and one bathroom. The second floor features co-working space, storage rooms, a break room, and one bathroom.
The building layout would allow for subdivision for multiple tenants. The property is zoned OTC-T (Odenton Town Center-Transition), which permits a mixture of light industrial, retail, and office uses, including uses such as auto repair and detailing, equipment sales and repair, gym/fitness, and home/hardware/building supply stores. While delivered mostly vacant, 3,500 SF is leased to a flooring business with one year remaining on the lease; the lease can be terminated with a 60-day written notice by either landlord or tenant. Access is described as approximately 2 minutes from the Route-32 on-ramp, with proximity to I-97 and within 15 minutes of BWI Airport, about 30 minutes to Downtown Baltimore, and about 45 minutes to Washington, D.C.
Key Highlights
- 17,640 SF warehouse on 1.28‑acre lot with 21,500 SF paved parking/outdoor storage and fully fenced grounds
- Warehouse includes 6 loading docks and 3 drive‑in doors; ceiling heights range from 16’-19’9”
- Building layout totals 13,990 SF warehouse plus 3,650 SF office and an additional 2,500 SF mezzanine space (excluded from total SF)
Local Financial Insights For Office B
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 | $201.1k | $11.40 |
| − Vacancy | −$36.2k | −$2.05 |
| EGI | $164.9k | $9.35 |
| − OpEx | −$41.2k | −$2.34 |
| NOI | $123.7k | $7.01 |
17,640 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,674 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,176 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$5.16M
$4.52M – $6.02M
NOI $361,211 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Weyers Floor Service, ...
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- American Portable Storage — 8312 Lokus Rd Suite D, Odenton, MD 21113
- Odenton Self Storage — 1530 Annapolis Rd, Odenton, MD 21113
- Self-Storage at U-Haul — 1480 Annapolis Rd, Odenton, MD 21113
FAQs
What type of property is this?
Warehouse - Warehouse with 6 loading docks, 3 drive-in doors, and a 2-story office plus mezzanine on a fenced, paved lot.
Where is this warehouse located?
The property is located at 1449 Odenton Rd Odenton, MD.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 17,640 SF warehouse on 1.28‑acre lot with 21,500 SF paved parking/outdoor storage and fully fenced grounds; Warehouse includes 6 loading docks and 3 drive‑in doors; ceiling heights range from 16’-19’9”; Building layout totals 13,990 SF warehouse plus 3,650 SF office and an additional 2,500 SF mezzanine space (excluded from total SF)
