Office Building with Central
8172 LARK BROWN ROAD, Elkridge, MD 21075
For Sale
$1,750,000
B-1 zoning and both lot and on-street parking support the property’s office use.
Property Size8,000 SF
Days on Market49
Property Features for 8172 LARK BROWN ROAD
General Information
Standard status
Size
Total Parking Spaces
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Other
Electric Water Heater, Gas Water Heater
On Street, Parking Lot
Building Details
Building Size
Year Built
Listing Agency:
Winmar Advisory
Listed By:
Lance L J Marine Marine · License MD #0225068243
(703) 622-8155
Source:
Evrealestate
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 10 at 7:59AM
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 Winmar Advisory
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property at 8172 Lark Brown Road in Elkridge, Maryland, was built in 1985. Interior features include central air and electric and gas water heaters.
Parking is available in a lot and on the street. The property is zoned B-1 and is located in Howard County.
Parking is available in a lot and on the street. The property is zoned B-1 and is located in Howard County.
Key Highlights
- B‑1 zoning
- Built in 1985
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,088
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,760
$1.1M
Cap Rate 7%
$801,257
$801.3K
Cap Rate 9%
$623,200
$623.2K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$91.2K $11.40/SF
− Vacancy
−$16.4K −$2.05/SF
EGI
$74.8K $9.35/SF
− OpEx
−$18.7K −$2.34/SF
NOI
$56.1K $7.01/SF
Area
Howard 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%
$1,121,760
Cap Rate 7%
$801,257
Cap Rate 9%
$623,200
Alternative Uses
Best Use
Office B
$801.3K
$701.1K – $934.8K
NOI $56,088 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,677 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Office buildings in Howard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - B-1 zoning and both lot and on-street parking support the property’s office use.
Where is this office building located?
The property is located at 8172 LARK BROWN ROAD Elkridge, MD.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: B‑1 zoning; Built in 1985; Central air conditioning
