Building Details

Building Size 10,000 SF

Listing Agency: MacKenzie Commercial Real Estate - Corporate

Listed By: Henson Ford Show Phone

Source: Mackenziecommercial

Added: Apr 3 Changed: Oct 25 Last Checked: Oct 28 at 4:36AM

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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.

Located at the intersection of Taylor and Chestnut Avenues in Parkville, Maryland, this property encompasses 0.80 acres and features five buildings, totaling approximately 10,000 square feet of improved residential and commercial space. The property includes an existing auto services building with available outdoor storage, along with in-place commercial and residential income. The location benefits from multiple access points and excellent visibility. Convenient access to Harford Road and Perring Parkway is available, with numerous retail and restaurant amenities within walking distance.

Key Highlights

• High‑visibility location at the intersection of Taylor and Chestnut Avenues.
• Existing auto services building with available outdoor storage.
• In‑place commercial and residential income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,657

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,813,140 $2.8M

Cap Rate 7%

$2,009,386 $2.0M

Cap Rate 9%

$1,562,856 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$267.6K $26.76/SF

− Vacancy

−$42.5K −$4.25/SF

EGI

$225.1K $22.51/SF

− OpEx

−$84.4K −$8.44/SF

NOI

$140.7K $14.07/SF

Area

Baltimore County, MD

Vacancy

15.90%

Lease Rate

$26.76 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,813,140

Cap Rate 7%

$2,009,386

Cap Rate 9%

$1,562,856

Alternative Uses

Best Use

Mixed Use

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,657 @ 7.0% cap · market cap 8.52%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$97.02M

$84.89M – $113.19M (±1% cap)

NOI $6,791,377 @ 7.0% cap · market cap 411.60%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Furniture & Home Goods Gym & Fitness Center Electrical 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

926

Businesses Nearby

Explore this area Business Placement

Demographics for 21234, MD

67,308

Population

29,575

Households

2.3

Avg Household Size

40

Median Age

36%

College-Educated

93%

High-School Grad

13.4 sq mi

ZIP Area

5,023

Density / Sq Mi

$83,139

Median Household Income

$52,260

Median Earnings

$1,542

Median Rent

$276,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Five buildings on 0.80 acres with commercial and residential income.

Where is this mixed-use property located?

The property is located at 2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE Parkville, MD.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: High‑visibility location at the intersection of Taylor and Chestnut Avenues.; Existing auto services building with available outdoor storage.; In‑place commercial and residential income.