404 Eastern Blvd, Essex, MD 21221
Retail building for sale, 95% leased with value-add potential.
- Added:
- Jan 29, 2026
- Days on Market:
- 158
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 404 Eastern Blvd
General Information
- Standard status
- Active
- Size
- 8,360 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1950
Listing office Keller Williams Legacy (443) 864-2466
Listing date Jan 29, 2026
Source Crexi
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 Keller Williams Legacy
HighLights
- 95% Leased with Long‑Term Tenants (Insurance Agency and Pharmacy)
- Stabilized Asset with Income Potential
- 22 Available Parking Spaces (Rare for Eastern Blvd)
- Large Lower Level for Storage/Additional Income
- New Daycare Tenant
- Rent Roll and Expense Data Available
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.6k | $20.76 |
| − Vacancy | −$12.9k | −$1.54 |
| EGI | $160.7k | $19.22 |
| − OpEx | −$40.2k | −$4.80 |
| NOI | $120.5k | $14.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Essex
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.4387
- Latitude
- 39.2951
