Open-Plan Retail
16 CENTER PLACE, Dundalk, MD 21222
For Sale
Contact for pricing
A 10,200-square-foot building offers 14-foot ceilings and off-street parking.
Property Size10,200 SF
Price / SF$0.00
Days on Market8
Property Features for 16 CENTER PLACE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
open floor plan
14ft ceiling heights
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(410) 543-4545
Listed By:
Brandon Ziska · License #3654722
(443) 880-1273
Source:
Cummingsrealtors
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 9:23AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Recently renovated retail space at 16 Center Place in Dundalk, Maryland, occupies a 10,200-square-foot building constructed in 1949. The interior has an open layout and 14-foot ceiling heights. Smaller-space occupancy options are available within the building, with customization still possible before final work is completed.
The property has off-street parking and is described as serving a five-mile population of more than 150,000. Occupancy is expected soon.
The property has off-street parking and is described as serving a five-mile population of more than 150,000. Occupancy is expected soon.
Key Highlights
- 10,200‑square‑foot retail building
- Open interior layout with 14‑foot ceiling heights
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,369
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,887,380
$2.9M
Cap Rate 7%
$2,062,414
$2.1M
Cap Rate 9%
$1,604,100
$1.6M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$220.3K $21.60/SF
− Vacancy
−$14.1K −$1.38/SF
EGI
$206.2K $20.22/SF
− OpEx
−$61.9K −$6.07/SF
NOI
$144.4K $14.15/SF
Area
Baltimore County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,887,380
Cap Rate 7%
$2,062,414
Cap Rate 9%
$1,604,100
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.41M
NOI $144,369 @ 7.0% cap · market cap 849,229.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$98.96M
$86.59M – $115.45M
NOI $6,927,205 @ 7.0% cap · market cap 40,748,264.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
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Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Baltimore County, MD
Properties on Market for Retail space in Baltimore County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A 10,200-square-foot building offers 14-foot ceilings and off-street parking.
Where is this retail space located?
The property is located at 16 CENTER PLACE Dundalk, MD.
What are key features of this property?
This property features: 10,200‑square‑foot retail building; Open interior layout with 14‑foot ceiling heights; Off‑street parking
