Elkridge Office Space For
8174 LARK BROWN Rd 202, Elkridge, MD 21075
For Sale
$370,000
Professional office space in a prime Elkridge location.
Property Size2,000 SF
Lot Size0.62 Acres
Price / SF$185
Days on Market242
Property Features for 8174 LARK BROWN Rd 202
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Chris Traczyk · License #623551
(443) 904-4111
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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
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Investment Insights
Based on property information with market context.
Located in Elkridge, Howard County, this property is adjacent to Gateway Overlook, a regional destination with a shopping center anchored by Costco, Trader Joe's, Lowes, and Aldi. Situated at the intersection of MD 108 and MD 175, the location provides access to I-95 for north/south routes to Washington, DC, and Baltimore, as well as Route 100, connecting east/west to Columbia, NSA/Fort Meade, Montgomery County, and BWI Thurgood Marshall Airport. This meticulously maintained unit features approximately 2000 square feet of professional office space, making it suitable for businesses seeking a strategic and accessible location with ample parking. Office furniture is available for offer.
Key Highlights
- Prime location in Elkridge, Howard County, adjacent to Gateway Overlook shopping center.
- Easy access to I‑95 and Route 100.
- Approximately 2000 square feet of professional office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,022
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open 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
$439,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Howard County, MD
Properties on Market for Office Units in Howard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space in a prime Elkridge location.
Where is this office unit located?
The property is located at 8174 LARK BROWN Rd 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: Prime location in Elkridge, Howard County, adjacent to Gateway Overlook shopping center.; Easy access to I‑95 and Route 100.; Approximately 2000 square feet of professional office space.
