Building Details

Building Size 10,032 SF

Listing Agency: MacKenzie Commercial Real Estate - Corporate

Listed By: Sean Langford Show Phone

Source: Mackenziecommercial

Added: Apr 3 Changed: Oct 4 Last Checked: Oct 20 at 5:05PM

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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 MacKenzie Commercial Real Estate - Corporate

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Investment Insights

Based on property information with market context.

The property at 2101 Fallston Road is a 10,032± square foot freestanding retail building situated on 3.03± acres. Located at a signalized corner intersection, the property is currently occupied by Walgreens with a remaining lease term, providing stable income. The site includes an existing drive-thru and two on-site pylon signs. Ample parking is available, with approximately 50 spaces. The property offers accessibility with full ingress and egress on both Fallston Road and Pleasantville Road, providing high visibility.

Key Highlights

• Freestanding retail property occupied by Walgreens, providing stable income.
• Ideal signalized corner intersection location on 3.03± acres.
• Remaining lease term with existing drive‑thru.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,991

Cap Rate

5.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,839,820 $2.8M

Cap Rate 7%

$2,028,443 $2.0M

Cap Rate 9%

$1,577,678 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,032 SF

Gross rent

$216.7K $21.60/SF

− Vacancy

−$13.8K −$1.38/SF

EGI

$202.8K $20.22/SF

− OpEx

−$60.9K −$6.07/SF

NOI

$142.0K $14.15/SF

Area

Harford 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%

$2,839,820

Cap Rate 7%

$2,028,443

Cap Rate 9%

$1,577,678

Alternative Uses

Best Use

Retail

$2.03M

$1.77M – $2.37M (±1% cap)

NOI $141,991 @ 7.0% cap · market cap 5.16%

Second Best

Specialty Retail

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,057 @ 7.0% cap · market cap 4.26%

Theoretical Best

Office A

$3.53M

$3.09M – $4.12M (±1% cap)

NOI $247,090 @ 7.0% cap · market cap 8.99%

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

Property Analytics

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Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Western Union Bank higi Physician Coinhub Bitcoin ATM ... Atm

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

13k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

7-Eleven Shops & Services

13,170 visits/mo 0.0 miles

Demographics for 21047, MD

12,876

Population

4,925

Households

2.6

Avg Household Size

47

Median Age

53%

College-Educated

98%

High-School Grad

22.5 sq mi

ZIP Area

572

Density / Sq Mi

$154,524

Median Household Income

$72,609

Median Earnings

$2,482

Median Rent

$516,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Walgreens Pharmacy — 2101 Fallston Rd, Fallston, MD 21047
• Adil M. Yousaf, RPh — 2026 Fallston Rd, Fallston, MD 21047
• COVID-19 Drive-Thru Testing at Walgreens — 2101 Fallston Rd, Fallston, MD 21047

Frequently Asked Questions

What type of property is this?

Drug store - 10,032 SF retail property on 3.03 acres with drive-thru.

Where is this drug store located?

The property is located at 2101 Fallston Road Fallston, MD.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Freestanding retail property occupied by Walgreens, providing stable income.; Ideal signalized corner intersection location on 3.03± acres.; Remaining lease term with existing drive‑thru.