Office Unit with Divisible
New
For Sale
Contact for pricing
3706 CRONDALL LANE #105, Owings Mills, MD 21117
The office configuration can be partitioned to accommodate smaller space requirements.
Property Size6,947 SF
Price / SF$1.21
Days on Market5
Property Features for 3706 CRONDALL LANE #105
General Information
Standard status
Active
Size
6,947 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Long & Foster Real Estate, Inc.
(410) 453-0500
Listed By:
Marshall A Janoff · License #614239
(410) 340-5338
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:46PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 6,947-square-foot office property at 3706 Crondall Lane, Suite 105, was built in 1985 and has a layout that may be divided. LED lighting is installed, and the electrical and HVAC systems are reported to be in working order. The space is offered in as-is condition.
Assigned parking may be negotiable. The lease terms include a minimum three-year term and annual 3% escalations. The tenant is responsible for HVAC maintenance and repair, electricity based on a submeter formula, insurance, trash removal, and interior janitorial service.
Assigned parking may be negotiable. The lease terms include a minimum three-year term and annual 3% escalations. The tenant is responsible for HVAC maintenance and repair, electricity based on a submeter formula, insurance, trash removal, and interior janitorial service.
Key Highlights
- 6,947 SF office space with subdivision potential
- Built in 1985
- LED lighting; electrical and HVAC systems in working order
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,705
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,100
$974.1K
Cap Rate 7%
$695,786
$695.8K
Cap Rate 9%
$541,167
$541.2K
Market Conditions
NOI Build-Up for 6,947 SF
Gross rent
$79.2K $11.40/SF
− Vacancy
−$14.3K −$2.05/SF
EGI
$64.9K $9.35/SF
− OpEx
−$16.2K −$2.34/SF
NOI
$48.7K $7.01/SF
Area
Baltimore County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,100
Cap Rate 7%
$695,786
Cap Rate 9%
$541,167
Alternative Uses
Best Use
Office B
$695.8K
$608.8K – $811.8K
NOI $48,705 @ 7.0% cap · market cap 580.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$67.40M
$58.97M – $78.63M
NOI $4,717,970 @ 7.0% cap · market cap 56,206.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 21117, MD
59,154
Population
26,001
Households
2.3
Avg Household Size
37
Median Age
48%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
1,992
Density / Sq Mi
$100,934
Median Household Income
$53,191
Median Earnings
$1,817
Median Rent
$370,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The office configuration can be partitioned to accommodate smaller space requirements.
Where is this office unit located?
The property is located at 3706 CRONDALL LANE #105 Owings Mills, MD.
What are key features of this property?
This property features: 6,947 SF office space with subdivision potential; Built in 1985; LED lighting; electrical and HVAC systems in working order
