Renovated Flex Space with
6339 Howard Lane Elkridge, MD 21075
6339 Howard Lane, Elkridge, MD, 21075
$2,639,700
For Sale
$2,639,700
11,732 SF commercial property with office and warehouse functionality.
Property Size11,732 SF
Price / SF$225
Days on Market64
Property Features for 6339 Howard Lane
General Information
- Standard status
- Active
- Size
- 11,732 SF
- Property subtype
- Single Tenant Office
Building Details
- Year Built
- 1971
Listing Agency
Lee & Associates | Chesapeake Region, LLC
(410) 336-5314
Listed by
Kate Jordan
(410) 336-5314
Source
Thebrokerlist
Added: May 19 Updated: Jul 10 at 3:57 pm Checked: Jul 20 at 3:32 am
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 Lee & Associates | Chesapeake Region, LLC
Investment Insights
Based on property information with market context.
This 11,732 square foot commercial property is located in Central Maryland. The building underwent a complete renovation in 2006, including the installation of a full sprinkler system. The property blends professional office space with fully conditioned warehouse storage functionality, suitable for corporate offices, medical facilities, or daycare centers. It features custom built-in workstations, a 20' 6" clear height, and window-lined private offices providing natural light. The fully air-conditioned warehouse is suitable for storage or electronic assembly operations. A 12’ x 12’ electric drive-in door provides access for loading and deliveries. The property includes a 20-foot reception area. There is potential for an outdoor play area, suitable for daycare or ABA therapy uses. The owners proactively put steel in place to add a roof deck in the future. The property is close to BWI, Rt 1 and Howard County amenities.
Key Highlights
- Fully Air‑Conditioned Warehouse - Ideal for storage or electronic assembly operations.
- Complete gut renovation in 2006 with a full sprinkler system.
- Blends professional office space with fully conditioned warehouse storage functionality.
Local Financial Insights For Flex RnD
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 | $281.6k | $24.00 |
| − Vacancy | −$10.7k | −$0.91 |
| EGI | $270.9k | $23.09 |
| − OpEx | −$94.8k | −$8.08 |
| NOI | $176.1k | $15.01 |
11,732 SF · lease $24.00/SF/yr · vacancy 3.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.52M
$2.20M – $2.93M
NOI $176,064 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,780 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,559 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 11,732 SF commercial property with office and warehouse functionality.
Where is this flex space located?
The property is located at 6339 Howard Lane Elkridge, MD.
What is the asking price?
The asking price for this property is $2,639,700.
What are key features of this property?
This property features: Fully Air‑Conditioned Warehouse - Ideal for storage or electronic assembly operations.; Complete gut renovation in 2006 with a full sprinkler system.; Blends professional office space with fully conditioned warehouse storage functionality.
