Metal Warehouse and Office
For Sale
$775,000
5721 5721-25 Main St, Elkridge, MD 21075
Corner B1-zoned property includes a metal warehouse with five drive-in doors and a mixed-use office building with residential component.
Property Size7,812 SF
Price / SF$99.21
Days on Market93
Property Features for 5721 5721-25 Main St
General Information
Standard status
Active
Size
7,812 SF
Building Details
Year Built
1820
Listing Agency:
The Langert Commercial Group LLC
Listed By:
Evan Keith Langert · License #6711
(443) 529-0505
Source:
Themelaninteam
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 7 at 1:02PM
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 The Langert Commercial Group LLC
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Investment Insights
Based on property information with market context.
This corner property offers approximately 0.47 acres of B1-zoned land improved with an approximately 3,200-square-foot metal warehouse building. The warehouse includes five drive-in doors. A second structure on-site is an approximately 4,612-square-foot mixed-use office building with a residential component.
The property is located one block from Route 1 at the entrances to I-895, I-195, and Route 100, with a seven-minute drive to BWI–Thurgood Marshall Airport.
The existing buildings require substantial work. The property also has historic zoning that may entitle an owner to certain tax credits for improvements.
The property is located one block from Route 1 at the entrances to I-895, I-195, and Route 100, with a seven-minute drive to BWI–Thurgood Marshall Airport.
The existing buildings require substantial work. The property also has historic zoning that may entitle an owner to certain tax credits for improvements.
Key Highlights
- Approximately 0.47 acres of B1‑zoned land on the corner of Main Street and Furnace Road
- Includes an approximately 3,200 SF metal warehouse with five drive‑in doors
- Also includes an approximately 4,612 SF mixed‑use office building with a residential component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,770
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,400
$1.1M
Cap Rate 7%
$782,429
$782.4K
Cap Rate 9%
$608,556
$608.6K
Market Conditions
NOI Build-Up for 7,812 SF
Gross rent
$89.1K $11.40/SF
− Vacancy
−$16.0K −$2.05/SF
EGI
$73.0K $9.35/SF
− OpEx
−$18.3K −$2.34/SF
NOI
$54.8K $7.01/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,400
Cap Rate 7%
$782,429
Cap Rate 9%
$608,556
Alternative Uses
Best Use
Mixed Use
$1.41M
$1.23M – $1.64M
NOI $98,490 @ 7.0% cap · market cap 12.71%
Second Best
Office B
$782.4K
$684.6K – $912.8K
NOI $54,770 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,797 @ 7.0% cap · market cap 26.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21075, MD
35,900
Population
13,191
Households
2.7
Avg Household Size
34
Median Age
58%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$133,321
Median Household Income
$69,892
Median Earnings
$2,108
Median Rent
$439,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Corner B1-zoned property includes a metal warehouse with five drive-in doors and a mixed-use office building with residential component.
Where is this warehouse located?
The property is located at 5721 5721-25 Main St Elkridge, MD.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 0.47 acres of B1‑zoned land on the corner of Main Street and Furnace Road; Includes an approximately 3,200 SF metal warehouse with five drive‑in doors; Also includes an approximately 4,612 SF mixed‑use office building with a residential component
