Renovated Flex Space with
2300 INDUSTRY COURT, Forest Hill, MD 21050
For Sale
Contact for pricing
Modern office improvements pair with industrial utility infrastructure and rear outdoor storage.
Property Size4,050 SF
Price / SF$1.31
Days on Market102
Property Features for 2300 INDUSTRY COURT
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Utilities to Site
Amenities
LED lighting
exposed spiral duct HVAC system
renovated men's and women's restrooms
bottle filling station
all-new electrical circuits
rear outdoor storage area
professionally landscaped grounds
new LED security lighting
industrial electrical service
natural gas service
dedicated spare electrical panel capacity
multiple natural gas connection points
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Monument Sotheby's International Realty
(410) 879-7466
Listed By:
Christopher C Streett · License MD #17599
(410) 967-9896
Source:
Cummingsrealtors
Added: Aug 4
Changed: Nov 12
Last Checked: Nov 12 at 7:18AM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 4,050 SF flex property combines 1,250 SF of renovated office space with 2,800 SF of warehouse and industrial area. The office component features LED lighting, exposed spiral-duct HVAC, updated men’s and women’s restrooms, a bottle-filling station, and new electrical circuits. The warehouse includes industrial electrical service, natural gas, spare electrical panel capacity, and multiple gas connection points. Build-to-suit work and modular office reconfiguration are also available, subject to applicable terms and approvals.
The property is located in Forest Hill Industrial Park at 2300 Industry Court, Forest Hill, MD 21050. Eight (8) on-site parking spaces sit in front of the building, while the rear outdoor area can accommodate equipment, materials, or operational storage subject to lease terms. New perimeter LED security lighting and updated landscaping complete the site improvements.
The property is located in Forest Hill Industrial Park at 2300 Industry Court, Forest Hill, MD 21050. Eight (8) on-site parking spaces sit in front of the building, while the rear outdoor area can accommodate equipment, materials, or operational storage subject to lease terms. New perimeter LED security lighting and updated landscaping complete the site improvements.
Key Highlights
- 4,050 SF total: 1,250 SF renovated office and 2,800 SF warehouse/industrial space
- Industrial electrical service and natural gas service with multiple connection points
- Build‑to‑suit warehouse fit‑outs and modular office reconfiguration available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,622
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,440
$492.4K
Cap Rate 7%
$351,743
$351.7K
Cap Rate 9%
$273,578
$273.6K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$36.5K $9.00/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$35.2K $8.69/SF
− OpEx
−$10.6K −$2.61/SF
NOI
$24.6K $6.08/SF
Area
Harford County, MD
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,440
Cap Rate 7%
$351,743
Cap Rate 9%
$273,578
Alternative Uses
Best Use
Office B
$828.6K
$725.0K – $966.7K
NOI $57,999 @ 7.0% cap
Second Best
Flex RnD
$781.6K
$683.9K – $911.9K
NOI $54,713 @ 7.0% cap
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,752 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 21050, MD
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Events Catering Company — 304 Esther Dr, Forest Hill, MD 21050
- Dean and Brown Catering — 128 Industry Ln #1638, Forest Hill, MD 21050
Frequently Asked Questions
What type of property is this?
Flex space - Modern office improvements pair with industrial utility infrastructure and rear outdoor storage.
Where is this flex space located?
The property is located at 2300 INDUSTRY COURT Forest Hill, MD.
What are key features of this property?
This property features: 4,050 SF total: 1,250 SF renovated office and 2,800 SF warehouse/industrial space; Industrial electrical service and natural gas service with multiple connection points; Build‑to‑suit warehouse fit‑outs and modular office reconfiguration available
