5410 RITCHIE Highway, Baltimore, MD 21225
Commercial Sale - BALTIMORE, MD
- Added:
- Aug 18, 2025
- Days on Market:
- 299
- Last Refresh:
- Jun 12 at 6:06 pm
Property Features for 5410 RITCHIE Highway
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 20
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4424
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Multi Units, Heat Pump
Building Details
- Year built
- 1990
- Number of units
- 1
- Building materials
- Brick
Listing agent Christopher B Cecil License #584424 (410) 446-3132
Listing office RE/MAX Realty Group 10211 Wincopin Circle unit: 301, Gaithersburg, MD (410) 730-6100
Listing date Aug 18, 2025
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick building built in 1990 with heat pump and electric heating
- Parking lot provides parking for up to 20 vehicles
- Approximately 3,200 SF office space with room for up to 3 office suites
- Two office suites are built out, and 1 suite remains as a blank canvas
- Cooling includes heat pump; parking available on‑site in a parking lot
Overview
The building is located along Ritchie Highway in the Baltimore area (21225). Public remarks also note that other uses may be considered, including restaurant and retail; any details for alternative uses must be verified by the buyer through Anne Arundel County.
For office tenants or buyers looking for flexibility, the mix of built-out suites and an available unfinished suite can support businesses that want existing improvements while also planning for tailored space in the remaining unit. On-site parking for up to 20 vehicles is a practical amenity for staff and visitors. Additionally, the noted potential for alternative uses may appeal to owners evaluating a multi-use approach, subject to confirmation of all requirements through the appropriate county process.
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 | $73.0k | $22.80 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $68.9k | $21.55 |
| − OpEx | −$17.2k | −$5.39 |
| NOI | $51.7k | $16.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6143
- Latitude
- 39.2208
