Single-Story Office
For Sale
$700,000
16 WILLOW Avenue, Towson, MD 21286
Commercial Sale, TOWSON, MD
Property Size6,350 SF
Lot Size0.75 Acres
Price / SF$110.24
Days on Market11
Property Features for 16 WILLOW Avenue
General Information
Property type
Other
Property subtype
Office
Parking
27
Parking features
Parking Lot, Special Needs
Subdivision
TOWSON MANOR
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.75 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
7117
Utilities
Heating system
Forced Air, Zoned
Cooling system
Central Air
Amenities
skylights
reception area
conference rooms
kitchenette
outdoor conference/picnic area
Building Details
Year built
1930
Building materials
Brick, Concrete, Stucco
Buildings
1
Listing Agency:
Alex Cooper Auctioneers, Inc.
Listed By:
Scott Frank · License #586190
(410) 828-4838
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 24 at 6:06PM
MLS# MDBC2178644
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,350+/- square foot office building occupies 0.75+/- acres and has a single-story layout. Renovations began in Fall 2008. The interior includes 17+/- private offices, a reception area, three conference rooms, two restrooms, a kitchenette and dining area, copy and storage rooms, and an IT closet. Features include multiple private entrances, skylights, a garage-style bay door for interior storage, and an outdoor conference and picnic area. Building systems include five HVAC units and zones, two 200-amp electrical panels, three-phase electric service, a wet sprinkler system, and public water and sewer. On-site parking accommodates 27+/- vehicles.
The property is at 14, 16 and 18 Willow Avenue, just east of York Road and 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. The building is currently owner-occupied and has multiple entrances; division into separate suites may be possible subject to applicable approvals.
The property is at 14, 16 and 18 Willow Avenue, just east of York Road and 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. The building is currently owner-occupied and has multiple entrances; division into separate suites may be possible subject to applicable approvals.
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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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
4,065
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 - A renovated professional workspace combines private offices, meeting rooms, and on-site parking.
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
