Ritchie Highway Commercial
For Sale
$899,000
5410 Ritchie Highway, Baltimore, MD 21225
3200 SF commercial space with parking on Ritchie Highway.
Property Size3,200 SF
Price / SF$280.94
Days on Market509
Property Features for 5410 Ritchie Highway
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
RE/MAX Realty Group
Listed By:
Chris Cecil
(410) 446-3132
Source:
Ournexthouse
Added: May 30, 2025
Changed: Oct 19
Last Checked: Oct 19 at 9:38AM
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 RE/MAX Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property on Ritchie Highway presents a commercial opportunity with 3200 square feet of space and parking for up to 20 vehicles. It is suitable for office, retail, or restaurant use, subject to verification by the buyer through Anne Arundel County. The property can accommodate up to three office suites. Two suites have been built out, while one remains unfinished, offering a customizable space for a potential tenant.
Key Highlights
- High‑rent potential with up to 3 office suites.
- Two office suites are already built out.
- 3200 square feet of total space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,489
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,780
$889.8K
Cap Rate 7%
$635,557
$635.6K
Cap Rate 9%
$494,322
$494.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$71.0K $22.20/SF
− Vacancy
−$11.7K −$3.66/SF
EGI
$59.3K $18.54/SF
− OpEx
−$14.8K −$4.63/SF
NOI
$44.5K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,780
Cap Rate 7%
$635,557
Cap Rate 9%
$494,322
Alternative Uses
Best Use
Office B
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.6K
$670.8K – $894.4K
NOI $53,664 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 21225, MD
34,138
Population
14,434
Households
2.4
Avg Household Size
34
Median Age
14%
College-Educated
79%
High-School Grad
6.5 sq mi
ZIP Area
5,252
Density / Sq Mi
$50,069
Median Household Income
$35,991
Median Earnings
$1,118
Median Rent
$214,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - 3200 SF commercial space with parking on Ritchie Highway.
Where is this office unit located?
The property is located at 5410 Ritchie Highway Baltimore, MD.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑rent potential with up to 3 office suites.; Two office suites are already built out.; 3200 square feet of total space.
