Basement Storage
5617 OLD FREDERICK RD, Catonsville, MD 21228
For Sale
New
Contact for pricing
Heated, finished storage space is designated for small commercial and industrial parts.
Property Size3,000 SF
Price / SF$0.57
Days on Market5
Property Features for 5617 OLD FREDERICK RD
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Warehouse Space
Property Use
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(443) 627-2900
Listed By:
Gopal Hariani · License MD #635576
(410) 977-9390
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 6:56AM
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 Berkshire Hathaway HomeServices PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Approximately 3,000 square feet of basement warehouse space is configured for storage of small parts for commercial and industrial purposes. The finished area is heated and has a secured bay door. Access from the main level is available by stairways at both the front and rear of the building.
A freight elevator serves goods only; it is not available for passenger use or for moving heavy equipment. Parking is shared among the building’s tenants.
A freight elevator serves goods only; it is not available for passenger use or for moving heavy equipment. Parking is shared among the building’s tenants.
Key Highlights
- Approximately 3,000 square feet of heated, finished basement space
- Use limited to storage of small commercial and industrial parts
- Secured bay door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,758
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,160
$395.2K
Cap Rate 7%
$282,257
$282.3K
Cap Rate 9%
$219,533
$219.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$25.2K $8.40/SF
− Vacancy
−$2.0K −$0.65/SF
EGI
$23.2K $7.75/SF
− OpEx
−$3.5K −$1.16/SF
NOI
$19.8K $6.59/SF
Area
Baltimore County, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,160
Cap Rate 7%
$282,257
Cap Rate 9%
$219,533
Alternative Uses
Best Use
Warehouse
$282.3K
$247.0K – $329.3K
NOI $19,758 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.8K
$585.2K – $780.3K
NOI $46,819 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21228, MD
50,418
Population
20,357
Households
2.5
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
15.6 sq mi
ZIP Area
3,232
Density / Sq Mi
$107,714
Median Household Income
$59,038
Median Earnings
$1,631
Median Rent
$389,200
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Baltimore County, MD
Properties on Market for Warehouses in Baltimore County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Heated, finished storage space is designated for small commercial and industrial parts.
Where is this warehouse located?
The property is located at 5617 OLD FREDERICK RD Catonsville, MD.
What are key features of this property?
This property features: Approximately 3,000 square feet of heated, finished basement space; Use limited to storage of small commercial and industrial parts; Secured bay door
