Office Units with Build-Out
For Sale
$899,000
5410 RITCHIE Highway, Baltimore, MD 21225
Commercial Sale, BALTIMORE, MD
Property Size3,200 SF
Lot Size0.30 Acres
Price / SF$280.94
Days on Market437
Property Features for 5410 RITCHIE Highway
General Information
Property type
Other
Property subtype
Retail
Parking
20
Parking features
Parking Lot
Elementary school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Middle school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
High school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
4424
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Multi Units
Building Details
Year built
1990
Number of units
1
Building materials
Brick
Listing Agency:
RE/MAX Realty Group · RE/MAX International
(410) 730-6100
Listed By:
Christopher B Cecil · License #584424
(301) 258-7757
Added: Aug 18, 2025
Changed: Oct 19
Last Checked: Oct 28 at 9:06PM
MLS# MDAA2123784
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.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot brick office property, built in 1990, is configured for up to three suites. Two suites are built out, while the remaining space provides an unfinished interior for a future office configuration. The building includes a parking lot accommodating up to 20 vehicles, with heat pump and electric heating and multi-unit heat pump cooling.
Located at 5410 Ritchie Highway in Baltimore, the property sits on 0.3013 acres in Anne Arundel County. Restaurant and retail uses are identified as potential alternatives, subject to buyer verification of applicable details through Anne Arundel County.
Located at 5410 Ritchie Highway in Baltimore, the property sits on 0.3013 acres in Anne Arundel County. Restaurant and retail uses are identified as potential alternatives, subject to buyer verification of applicable details through Anne Arundel County.
Key Highlights
- 3,200 SF office property configured for up to 3 suites
- Two suites are built out; 1 suite remains unfinished
- Parking lot accommodates up to 20 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,380
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,600
$927.6K
Cap Rate 7%
$662,571
$662.6K
Cap Rate 9%
$515,333
$515.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$84.5K $26.40/SF
− Vacancy
−$7.2K −$2.24/SF
EGI
$77.3K $24.16/SF
− OpEx
−$30.9K −$9.66/SF
NOI
$46.4K $14.49/SF
Area
Baltimore, MD
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,600
Cap Rate 7%
$662,571
Cap Rate 9%
$515,333
Alternative Uses
Best Use
Healthcare Medical
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 5.16%
Second Best
Office B
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 4.95%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
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 - Brick commercial building offers two finished suites and one unfinished space for office users.
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: 3,200 SF office property configured for up to 3 suites; Two suites are built out; 1 suite remains unfinished; Parking lot accommodates up to 20 vehicles
