Office Units with Meeting
New
For Sale
Contact for pricing
6721 HARFORD, Parkville, MD 21234
Two office suites offer private offices, meeting areas, a boardroom, a kitchen, and elevator access.
Property Size12,000 SF
Price / SF$0.46
Days on Market6
Property Features for 6721 HARFORD
General Information
Standard status
Active
Size
12,000 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Furnished
No
Road Access
Yes
Amenities
off-street parking
Building Details
Year Built
1957
Buildings
1
Building Size
12,000 SF
Listing Agency:
Charles Real Estate
(443) 253-3886
Listed By:
Ian C Parrish · License #522835
(410) 592-6481
Source:
Cummingsrealtors
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 15 at 12:17AM
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 Charles Real Estate
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Investment Insights
Based on property information with market context.
This 1957 former bank building contains two office areas that can be leased separately or together. The approximately 5,000-square-foot main-floor suite has a large meeting room and two private offices. Upstairs, approximately 7,000 square feet includes reception, private offices, a boardroom, a breakroom and kitchen, plus meeting and training areas. Elevator access serves the upper level, which may be divided into two suites with separate entrances. Furnishings may be available under a separate agreement.
The property is on Harford Road and has off-street parking. Lease terms are NNN, with additional costs for property taxes, building insurance, maintenance, utilities, and applicable services as specified in the lease.
The property is on Harford Road and has off-street parking. Lease terms are NNN, with additional costs for property taxes, building insurance, maintenance, utilities, and applicable services as specified in the lease.
Key Highlights
- Two office areas total approximately 12,000 square feet and are available separately or together
- Main‑floor suite offers approximately 5,000 SF, a large meeting area, and two private offices
- Upper‑level space provides approximately 7,000 SF with reception, offices, boardroom, kitchen, and meeting and training areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,286
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,645,720
$3.6M
Cap Rate 7%
$2,604,086
$2.6M
Cap Rate 9%
$2,025,400
$2.0M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$296.4K $11.40/SF
− Vacancy
−$53.4K −$2.05/SF
EGI
$243.0K $9.35/SF
− OpEx
−$60.8K −$2.34/SF
NOI
$182.3K $7.01/SF
Area
Baltimore 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%
$3,645,720
Cap Rate 7%
$2,604,086
Cap Rate 9%
$2,025,400
Alternative Uses
Best Use
Office B
$2.60M
$2.28M – $3.04M
NOI $182,286 @ 7.0% cap · market cap 1,519.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$252.25M
$220.72M – $294.29M
NOI $17,657,581 @ 7.0% cap · market cap 147,146.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
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?
Office units - Two office suites offer private offices, meeting areas, a boardroom, a kitchen, and elevator access.
Where is this office units located?
The property is located at 6721 HARFORD Parkville, MD.
What are key features of this property?
This property features: Two office areas total approximately 12,000 square feet and are available separately or together; Main‑floor suite offers approximately 5,000 SF, a large meeting area, and two private offices; Upper‑level space provides approximately 7,000 SF with reception, offices, boardroom, kitchen, and meeting and training areas
