Parkville Mixed-Use Investment
2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE Parkville, MD 21234
2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE, Parkville, MD, 21234
$1,650,000
For Sale
$1,650,000
Five buildings on 0.80 acres with commercial and residential income.
Property Size10,000 SF
Lot Size0.80 Acres
Price / SF$165
Days on Market111
Property Features for 2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.80 Acres
- Property subtype
- Office, Retail
Listing agency
MacKenzie Commercial Real Estate - Corporate
(410) 494-6657
Listed by
Henson Ford
(410) 494-6657
Source
Mackenziecommercial
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 2:07AM
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 MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
Located at the intersection of Taylor and Chestnut Avenues in Parkville, Maryland, this property encompasses 0.80 acres and features five buildings, totaling approximately 10,000 square feet of improved residential and commercial space. The property includes an existing auto services building with available outdoor storage, along with in-place commercial and residential income. The location benefits from multiple access points and excellent visibility. Convenient access to Harford Road and Perring Parkway is available, with numerous retail and restaurant amenities within walking distance.
Key Highlights
- High‑visibility location at the intersection of Taylor and Chestnut Avenues.
- Existing auto services building with available outdoor storage.
- In‑place commercial and residential income.
Local Financial Insights For Retail
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 | $216.0k | $21.60 |
| − Vacancy | −$13.8k | −$1.38 |
| EGI | $202.2k | $20.22 |
| − OpEx | −$60.7k | −$6.07 |
| NOI | $141.5k | $14.15 |
10,000 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$84.32M
$73.78M – $98.37M
NOI $5,902,483 @ 7.0% cap · market cap 357.73%
Second Best
Retail
$2.02M
$1.77M – $2.36M
NOI $141,538 @ 7.0% cap · market cap 8.58%
Theoretical Best
Multifamily LT 5
$97.02M
$84.89M – $113.19M
NOI $6,791,377 @ 7.0% cap · market cap 411.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five buildings on 0.80 acres with commercial and residential income.
Where is this mixed-use property located?
The property is located at 2903/2905/2907 TAYLOR AVE & 7709/7711 CHESTNUT AVE Parkville, MD.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑visibility location at the intersection of Taylor and Chestnut Avenues.; Existing auto services building with available outdoor storage.; In‑place commercial and residential income.
