Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22 W Pennsylvania Ave Towson, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    298 square feet of office space for lease.

    Property size:
    355 SF
    Lot size:
    0.48 Acres

    Property Features for 22 W Pennsylvania Ave

    General Information

    Size
    355 SF
    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Andrew Brink
    Andrew Brink
    Source: Moodyscre

    Listing Agency: TriAlliance Commercial Real Estate Services Listing Agent: Andrew Brink

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Towson Office Space Available

    This property offers 298 square feet of office space and is located on Pennsylvania Avenue in Towson, Maryland. The property is available for rent.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Towson
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6354952
    Latitude
    39.407567

    Nearby Similar for Lease

    • $4,500 /Mo

      Towson Office Suite For Lease

      Office suite in Towson featuring 11 individual offices.
      530 Joppa Rd E, Towson, MD 21286
      View Details
    • Contact for pricing

      West Road Corporate Center

      Workspaces, services and support to help you work better in John Wayne Airport
      100 West Rd, Towson, MD 21204
      View Details
    • Sponsored
      Contact for pricing

      Towson City Center

      Meet, work or collaborate in our professional Columbia Center business center
      1 Olympic Pl, Towson, MD 21204
      View Details
    • $4,500 /Mo

      Towson Office Suite For Lease

      Office suite in Towson featuring 11 individual offices.
      530 Joppa Rd E 2A, Towson, MD 21286
      View Details
    • $1,550 /Mo

      Office Suite For Rent

      Office suite available for immediate occupancy with flexible lease terms.
      100 E Pennsylvania Ave, Towson, MD 21286
      View Details
    • Contact for pricing

      Modern Office Space in Towson

      Prime office space with modern amenities in a vibrant location.
      8600 La Salle Rd, Towson, MD 21286
      View Details
    • $850 /Mo

      Office Suite with Private Entrance

      Ground floor office suite with shared amenities for rent.
      212 Bosley Ave, Towson, MD 21204
      View Details
    • $4,500 /Mo

      Move-in Ready Towson Office Suite

      Fully built-out office suite in a prime Towson location.
      530 Joppa Rd E 2A, Towson, MD 21286
      View Details
    • $1,550 /Mo

      Professional Office Suite with Conference

      Office suite with conference room, reception, and private bath.
      1200 E Joppa Rd, Towson, MD 21286
      View Details
    • $800 /Mo

      Medical Office Space Available

      End unit office space near UM St Joseph.
      7600 Osler Dr, Towson, MD 21204
      View Details
    • $930 /Mo

      Towson Office Space For Lease

      513 SF office space in convenient Towson location.
      604-606 C, Towson, MD 21204
      View Details
    • Contact for pricing
      756 SF

      Towson Office Space For Rent

      Office space in Towson, MD with convenient highway access.
      810 Glen Eagles Ct, Towson, MD 21286
      View Details

    FAQs

    What type of property is this?
    Office units - 298 square feet of office space for lease.
    Where is this office units located?
    The property is located at 22 W Pennsylvania Ave Towson, MD.
    What are key features of this property?
    This property features: - Office space for lease.; - 298 square feet of space.
    (410) 472-3510 Call to check price and availability
    Request Owner's contact information
    22 W Pennsylvania Ave Towson, MD
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22 W Pennsylvania Ave
    Towson, MD
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 W Pennsylvania Ave Towson, MD
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Brink
    Andrew Brink
    (410) 472-3510
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!