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Flex Space with High Clear Height
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6339 Howard Ln, Elkridge, MD 21075

Flex space in Elkridge with fully air-conditioned warehouse space and private window-lined offices.

Property Size11,732 SF
Price / SF$225
Days on Market65

Property Features for 6339 Howard Ln

General Information

Standard status Active
Size 11,732 SF
Property subtype INDUSTRIAL
Listing Agency: Lee & Associates | Columbia
Listed By: Kate Jordan
Source: Moodyscre
Added: May 27 Changed: Jul 29 Last Checked: Jul 29 at 11:21AM

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 | Columbia

Investment Insights

Based on property information with market context.

This flex space at 6339 Howard Ln, Elkridge, MD 21075 combines office-ready improvements with warehouse functionality. The built-in office configuration includes custom workstations and window-lined private offices designed for abundant natural light. The warehouse portion is fully air-conditioned and supported by a fire sprinkler system, with a clear height of 20’ 6”.

Operational access is built in with a 12’ x 12’ electric drive-in door for loading and deliveries, plus a 20-foot reception area that serves as a high-impact entry. The property totals 11,732 square feet.

There is also potential for an outdoor play area, which may support uses such as daycare or ABA therapy, subject to applicable requirements.

Key Highlights

  • 11,732 SF flex space with fully air‑conditioned warehouse and office improvements
  • Clear height of 20’ 6”
  • 12’ x 12’ electric drive‑in door for loading and deliveries

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 (±1% cap)
NOI $176,064 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$1.91M
$1.67M – $2.23M (±1% cap)
NOI $133,780 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M (±1% cap)
NOI $304,559 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby
Under-served
Demand for This Use

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flex space in Elkridge with fully air-conditioned warehouse space and private window-lined offices.
Where is this flex space located?
The property is located at 6339 Howard Ln 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: 11,732 SF flex space with fully air‑conditioned warehouse and office improvements; Clear height of 20’ 6”; 12’ x 12’ electric drive‑in door for loading and deliveries
(410) 336-5314 Call to check price and availability
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