Elkridge Industrial/Flex Space For
For Sale
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6310 Howard Ln, Elkridge, MD 21075
Tenant-occupied industrial/flex space ideal for storage, manufacturing, or service businesses.
Property Size5,200 SF
Price / SF$288.46
Days on Market178
Property Features for 6310 Howard Ln
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Industrial
Zoning
CECLI
Building Details
Year Built
1961
Listing Agency:
Win Commercial Group of Keller Williams Realty Centre
(410) 258-4136
Listed By:
Helen Jae Lee · License #MD 579141
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 11 at 7:56PM
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 Win Commercial Group of Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
This 5,200 square foot industrial/flex space is available for sale in Elkridge, Maryland. The property is currently tenant-occupied until July 30, 2025. It is suitable for storage, light manufacturing, or a service-based business. The office area includes four private offices, a showroom, a reception area, a kitchenette, and two restrooms. The main warehouse and additional storage areas total 3,795 square feet, with a removable wall. The property features one dock door and one drive-in door, along with a 16-foot ceiling height and 15 parking spaces. The location is at the corner of Route 1 (Washington Blvd) and Howard Lane, with proximity to MD 100, I-95, and I-895.
Key Highlights
- Strategic location: Corner lot with immediate access to Route 1, Howard Lane, MD 100, I‑95, and I‑895.
- Income‑producing: Tenant occupied until July 30, 2025.
- Versatile space: 5,200 SF suitable for storage, light manufacturing, or service‑based business.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,740
$1.6M
Cap Rate 7%
$1,114,814
$1.1M
Cap Rate 9%
$867,078
$867.1K
Market Conditions
NOI Build-Up for 5,200 SF
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.
Gross rent
$124.8K $24.00/SF
− Vacancy
−$4.7K −$0.91/SF
EGI
$120.1K $23.09/SF
− OpEx
−$42.0K −$8.08/SF
NOI
$78.0K $15.01/SF
Area
Howard County, MD
Vacancy
3.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,740
Cap Rate 7%
$1,114,814
Cap Rate 9%
$867,078
Alternative Uses
Best Use
Flex RnD
$1.11M
$975.5K – $1.30M
NOI $78,037 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$847.1K
$741.2K – $988.3K
NOI $59,296 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,990 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Tenant-occupied industrial/flex space ideal for storage, manufacturing, or service businesses.
Where is this flex space located?
The property is located at 6310 Howard Ln Elkridge, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Strategic location: Corner lot with immediate access to Route 1, Howard Lane, MD 100, I‑95, and I‑895.; Income‑producing: Tenant occupied until July 30, 2025.; Versatile space: 5,200 SF suitable for storage, light manufacturing, or service‑based business.
