Building Details

Building Size 57,550 SF

Buildings 1

Listed By: Dennis Boyle, SIOR Show Phone

Source: Mackenziecommercial

Added: Sep 28 Last Checked: Oct 5 at 3:00PM

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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 Dennis Boyle, SIOR

Investment Insights

Based on property information with market context.

The 57,550 SF industrial and manufacturing building sits on 7.21 acres and is zoned I-1. Electrical service includes multiple 120/240V panels, with natural gas also available. The building has 10'–23' clear heights, six dock doors and three drive-in doors. The site supports truck circulation, parking and equipment storage, with potential for expansion.

Located on Baltimore Boulevard (MD Route 140) in Finksburg, Maryland, the property has 40,701 AADT. Its position along the route offers signage potential and connectivity across the Baltimore-Washington region.

Key Highlights

• 57,550 SF industrial/manufacturing building on 7.21 acres
• I‑1 zoning
• Heavy power with multiple 120/240V panels and natural gas service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$330,558

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,611,160 $6.6M

Cap Rate 7%

$4,722,257 $4.7M

Cap Rate 9%

$3,672,867 $3.7M

Market Conditions

NOI Build-Up for 57,550 SF

Gross rent

$476.5K $8.28/SF

− Vacancy

−$4.3K −$0.07/SF

EGI

$472.2K $8.21/SF

− OpEx

−$141.7K −$2.46/SF

NOI

$330.6K $5.74/SF

Area

Carroll County, MD

Vacancy

0.90%

Lease Rate

$8.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,611,160

Cap Rate 7%

$4,722,257

Cap Rate 9%

$3,672,867

Alternative Uses

Best Use

Industrial

$4.72M

$4.13M – $5.51M (±1% cap)

NOI $330,558 @ 7.0% cap · market cap 8.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$21.34M

$18.67M – $24.90M (±1% cap)

NOI $1,493,978 @ 7.0% cap · market cap 38.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Bakery Locksmith Carpet & Flooring Store

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

Lease Details

23 ft

Clear height

6

Dock-high doors

3

Drive-in doors

Yes

Heavy power

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

248

Businesses Nearby

Explore this area Business Placement

Demographics for 21048, MD

10,774

Population

3,740

Households

2.9

Avg Household Size

47

Median Age

43%

College-Educated

96%

High-School Grad

27.3 sq mi

ZIP Area

395

Density / Sq Mi

$122,801

Median Household Income

$66,003

Median Earnings

$1,500

Median Rent

$423,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - I-1-zoned property combines substantial electrical service with natural gas and multiple loading options.

Where is this manufacturing property located?

The property is located at 2906 Baltimore Boulevard Finksburg, MD.

What is the asking price?

The asking price for this property is $3,850,000.

What are key features of this property?

This property features: 57,550 SF industrial/manufacturing building on 7.21 acres; I‑1 zoning; Heavy power with multiple 120/240V panels and natural gas service