Building Details

Year Built 1961

Building Size 14,200 SF

Listing Agency: Cummings & Co. Realtors r***@cummingsrealtors.com Show Phone

Listed By: Thomas B Maley · License #656646 Show Phone

Source: Cummingsrealtors

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 24 at 6:06PM

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Investment Insights

Based on property information with market context.

This flex property contains 14,200 square feet arranged as five warehouse spaces, with seven private offices and a large conference room. A break room and three restrooms round out the interior. Loading is served by one dock and three overhead doors. The building dates to 1961.

At 1584 Deer Park Road in Finksburg, the property offers access to I-95 and I-695, with the source identifying Baltimore, Washington, DC, and Pennsylvania as service areas.

Key Highlights

• 14,200 SF flex property
• Five warehouse spaces with seven private offices and a large conference room
• One loading dock and three overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,359

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,427,180 $2.4M

Cap Rate 7%

$1,733,700 $1.7M

Cap Rate 9%

$1,348,433 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,400 SF

Gross rent

$144.1K $8.28/SF

− Vacancy

−$1.3K −$0.07/SF

EGI

$142.8K $8.21/SF

− OpEx

−$21.4K −$1.23/SF

NOI

$121.4K $6.97/SF

Area

Carroll County, MD

Vacancy

0.90%

Lease Rate

$8.28 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,427,180

Cap Rate 7%

$1,733,700

Cap Rate 9%

$1,348,433

Alternative Uses

Best Use

Warehouse

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,359 @ 7.0% cap · market cap 8.09%

Second Best

Industrial

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,943 @ 7.0% cap · market cap 6.66%

Theoretical Best

Office A

$6.45M

$5.65M – $7.53M (±1% cap)

NOI $451,698 @ 7.0% cap · market cap 30.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Hair Salon HVAC Service Auto Repair Shop Garden Center Daycare Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 21048, MD

10,774

Population

3,740

Households

2.9

Avg Household Size

47

Median Age

43%

College-Educated

96%

High-School Grad

27.3 sq mi

ZIP Area

395

Density / Sq Mi

$122,801

Median Household Income

$66,003

Median Earnings

$1,500

Median Rent

$423,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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$3,850,000

57,550 SF

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Two-Unit Duplex with Detached Garage

2035 OLD WESTMINSTER PIKE, Finksburg, MD 21048

$309,900

1,754 SF

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Warehouse and Turnkey Concrete Business

2806 Cedarhurst Rd, Finksburg, MD 21048

$1,600,000

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Frequently Asked Questions

What type of property is this?

Flex space - Five warehouse areas, private offices, a conference room, break room, and three restrooms support varied business operations.

Where is this flex space located?

The property is located at 1584 DEER PARK ROAD Finksburg, MD.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 14,200 SF flex property; Five warehouse spaces with seven private offices and a large conference room; One loading dock and three overhead doors