Listing Agency: Trout Daniel & Associates Show Phone

Listed By: Arthur "Art" Putzel · License #0027704 Show Phone

Source: Moodyscre

Added: Feb 28, 2025 Changed: Oct 11 Last Checked: Oct 15 at 2:23AM

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Investment Insights

Based on property information with market context.

This flex property includes approximately 2,100 square feet of office space, 4,200 square feet of warehouse space, 1,600 square feet of office and storage area, and 1,700 square feet dedicated to retail and office use. The warehouse component provides dock-height loading and drive-in doors, while on-site parking serves customers and employees. A small house at the front of the property is included.

Positioned along Liberty Road, the property records approximately 38,625 vehicles per day and offers exposure for a range of commercial operations. The combined layout supports retail, office, warehouse, and storage functions within one property.

Key Highlights

• Approximately 11,149 square feet across office, warehouse, storage, and retail areas
• Approximately 4,200 square feet of warehouse space with dock‑height loading
• Drive‑in doors provide direct warehouse access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$157,801

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,156,020 $3.2M

Cap Rate 7%

$2,254,300 $2.3M

Cap Rate 9%

$1,753,344 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,149 SF

Gross rent

$240.8K $21.60/SF

− Vacancy

−$15.4K −$1.38/SF

EGI

$225.4K $20.22/SF

− OpEx

−$67.6K −$6.07/SF

NOI

$157.8K $14.15/SF

Area

Baltimore, MD

Vacancy

6.39%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,156,020

Cap Rate 7%

$2,254,300

Cap Rate 9%

$1,753,344

Alternative Uses

Best Use

Retail

$2.25M

$1.97M – $2.63M (±1% cap)

NOI $157,801 @ 7.0% cap · market cap 8.09%

Second Best

Office B

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $155,002 @ 7.0% cap · market cap 7.95%

Theoretical Best

Office A

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $186,969 @ 7.0% cap · market cap 9.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Psychic Reader Sage Spiritual Center Singer Sales Ltd Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Skin Care Clinic Gym & Fitness Center

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

627

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 21244, MD

38,015

Population

15,006

Households

2.5

Avg Household Size

36

Median Age

35%

College-Educated

90%

High-School Grad

14.1 sq mi

ZIP Area

2,696

Density / Sq Mi

$84,849

Median Household Income

$45,367

Median Earnings

$1,538

Median Rent

$271,200

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

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Frequently Asked Questions

What type of property is this?

Flex space - Multi-use commercial property combines office, storage, retail, and warehouse areas with dock-height and drive-in access.

Where is this flex space located?

The property is located at 8007 Liberty Rd Windsor Mill, MD.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Approximately 11,149 square feet across office, warehouse, storage, and retail areas; Approximately 4,200 square feet of warehouse space with dock‑height loading; Drive‑in doors provide direct warehouse access