Single-Story Professional Office
New
For Sale
$700,000
16 WILLOW AVENUE, Towson, MD 21286
Skylights, multiple entrances, and a flexible interior support varied professional office configurations.
Property Size6,350 SF
Lot Size0.75 Acres
Price / SF$110.24
Days on Market4
Property Features for 16 WILLOW AVENUE
General Information
Standard status
Active
Size
6,350 SF
Class
Class B
Total Parking Spaces
27
Lot size
0.75 Acres
Property subtype
Office
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$7,117
Amenities
high-end interior finishes
skylights
reception area
conference rooms
executive conference room
glass-enclosed conference room
restrooms with shower
kitchenette with dining area
copy and storage rooms
IT closet
multiple private entrances
high ceilings
garage-style bay door
outdoor conference/picnic area
multiple HVAC zones
200-amp electrical panels
three-phase electric service
hardwired and wireless internet
Building Details
Building Size
6,350 SF
Year Built
1930
Year Renovated
2008
Buildings
1
Stories
1
Construction
brick and glass
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Alex Cooper Auctioneers, Inc.
Listed By:
Scott Frank · License #586190
(410) 977-4712
Source:
Thehulsmangroup
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 9:32AM
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 Alex Cooper Auctioneers, Inc.
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Investment Insights
Based on property information with market context.
This 6,350-square-foot, single-story office building sits on 0.75 acres and was extensively renovated beginning in Fall 2008. Its layout includes 17 private offices, a reception area, three conference rooms, two restrooms, a kitchenette with dining area, copy and storage rooms, and an IT closet. Brick and glass exterior construction, skylights, and ceiling heights of approximately 9-12 feet are among the building’s physical features. A garage-style bay door opens to interior storage, and an outdoor conference and picnic area provides additional space.
Building systems include five HVAC units and zones, two 200-amp electrical panels, three-phase electric service, a wet sprinkler system, public water and sewer, and hardwired and wireless internet connectivity. The property has 27 on-site parking spaces, including two designated accessible spaces. Multiple private entrances and potential separation into suites offer layout flexibility, subject to applicable approvals.
Located just east of York Road, the property is within walking distance of Downtown Towson’s business district, the Baltimore County Courthouse, restaurants, and shopping. Towson University and Goucher College are nearby, with access to I-695, I-83, and I-95.
Building systems include five HVAC units and zones, two 200-amp electrical panels, three-phase electric service, a wet sprinkler system, public water and sewer, and hardwired and wireless internet connectivity. The property has 27 on-site parking spaces, including two designated accessible spaces. Multiple private entrances and potential separation into suites offer layout flexibility, subject to applicable approvals.
Located just east of York Road, the property is within walking distance of Downtown Towson’s business district, the Baltimore County Courthouse, restaurants, and shopping. Towson University and Goucher College are nearby, with access to I-695, I-83, and I-95.
Key Highlights
- 6,350‑square‑foot office building on 0.75 acres
- 17 private offices and three conference rooms
- 27 on‑site parking spaces, including two designated handicapped‑accessible spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,520
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,400
$890.4K
Cap Rate 7%
$636,000
$636.0K
Cap Rate 9%
$494,667
$494.7K
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$72.4K $11.40/SF
− Vacancy
−$13.0K −$2.05/SF
EGI
$59.4K $9.35/SF
− OpEx
−$14.8K −$2.34/SF
NOI
$44.5K $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%
$890,400
Cap Rate 7%
$636,000
Cap Rate 9%
$494,667
Alternative Uses
Best Use
Office B
$636.0K
$556.5K – $742.0K
NOI $44,520 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$61.61M
$53.91M – $71.88M
NOI $4,312,524 @ 7.0% cap · market cap 616.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 21286, MD
21,470
Population
10,100
Households
2.1
Avg Household Size
42
Median Age
57%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
2,497
Density / Sq Mi
$93,093
Median Household Income
$58,577
Median Earnings
$1,597
Median Rent
$402,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Skylights, multiple entrances, and a flexible interior support varied professional office configurations.
Where is this office building located?
The property is located at 16 WILLOW AVENUE Towson, MD.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 6,350‑square‑foot office building on 0.75 acres; 17 private offices and three conference rooms; 27 on‑site parking spaces, including two designated handicapped‑accessible spaces
