Professional Office
For Sale
$370,000
8174 LARK BROWN RD #202 202, Elkridge, MD 21075
Commercial workspace near MD 108 and MD 175 with convenient connections to I-95 and Route 100.
Property Size2,000 SF
Price / SF$185
Days on Market34
Property Features for 8174 LARK BROWN RD #202 202
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Listing Agency:
RE/MAX Advantage Realty
(443) 904-4111
Listed By:
Chris Traczyk · License #623551
(443) 904-4111
Source:
Careyrealtygroup
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 9:17AM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
Suite 202 at 8174 Lark Brown Road provides approximately 2000 square feet of professional office space. The unit is positioned for business users seeking a Maryland location with access to major regional routes, and office furniture is available for purchase separately.
The property sits at the intersection of MD 108 and MD 175, adjacent to Gateway Overlook and its shopping center anchors, including Costco, Trader Joe's, Lowes, and Aldi. I-95 provides north-south connections toward Washington, DC, and Baltimore, while Route 100 links the area with Columbia, NSA/Fort Meade, Montgomery County, and BWI Thurgood Marshall Airport.
The property sits at the intersection of MD 108 and MD 175, adjacent to Gateway Overlook and its shopping center anchors, including Costco, Trader Joe's, Lowes, and Aldi. I-95 provides north-south connections toward Washington, DC, and Baltimore, while Route 100 links the area with Columbia, NSA/Fort Meade, Montgomery County, and BWI Thurgood Marshall Airport.
Key Highlights
- Approximately 2000 square feet of professional office space
- Suite 202 at 8174 Lark Brown Road
- Intersection location at MD 108 and MD 175
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,022
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,440
$280.4K
Cap Rate 7%
$200,314
$200.3K
Cap Rate 9%
$155,800
$155.8K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$22.8K $11.40/SF
− Vacancy
−$4.1K −$2.05/SF
EGI
$18.7K $9.35/SF
− OpEx
−$4.7K −$2.34/SF
NOI
$14.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,440
Cap Rate 7%
$200,314
Cap Rate 9%
$155,800
Alternative Uses
Best Use
Office B
$200.3K
$175.3K – $233.7K
NOI $14,022 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.7K
$649.0K – $865.3K
NOI $51,919 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial workspace near MD 108 and MD 175 with convenient connections to I-95 and Route 100.
Where is this office units located?
The property is located at 8174 LARK BROWN RD #202 202 Elkridge, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approximately 2000 square feet of professional office space; Suite 202 at 8174 Lark Brown Road; Intersection location at MD 108 and MD 175
