Professional Office
8174 Lark Brown Rd Unit 202 Elkridge, MD 21075
New
8174 Lark Brown Rd Unit 202, Elkridge, MD, 21075
$370,000
For Sale
$370,000
Meticulously maintained office unit with about 2,000 sq. ft. of professional space and ample parking.
Property Size2,000 SF
Price / SF$185
Days on Market2
Property Features for 8174 Lark Brown Rd Unit 202
General Information
- Standard status
- Active
- Size
- 2,000 SF
Building Details
- Year Built
- 2005
Listing agency
RE/MAX Advantage Realty
(443) 904-4111
Listed by
Chris Traczyk · License #623551
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 2:16AM Checked: Jul 22 at 2:16AM
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.
This meticulously maintained office unit (Unit 202) offers approximately 2,000 square feet of professional office space. The seller notes the opportunity to make an offer on the office furniture, and the unit is described as having lots of parking.
Located at the intersection of MD 108 and MD 175 in Elkridge, the property is positioned adjacent to Gateway Overlook, a regional destination with a thriving shopping center anchored by Costco, Trader Joe’s, Lowe’s, and Aldi. Easy access to I-95 provides convenient north/south routes to Washington, DC and Baltimore.
The site is also connected via Route 100, which runs east/west toward Columbia, NSA/Fort Meade, Montgomery County, and BWI Thurgood Marshall Airport.
Located at the intersection of MD 108 and MD 175 in Elkridge, the property is positioned adjacent to Gateway Overlook, a regional destination with a thriving shopping center anchored by Costco, Trader Joe’s, Lowe’s, and Aldi. Easy access to I-95 provides convenient north/south routes to Washington, DC and Baltimore.
The site is also connected via Route 100, which runs east/west toward Columbia, NSA/Fort Meade, Montgomery County, and BWI Thurgood Marshall Airport.
Key Highlights
- Office unit built in 2005
- Approximately 2,000 sq. ft. of professional office space
- Situated at the intersection of MD 108 and MD 175 in Elkridge, Howard County
Local Financial Insights For Office B
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 | $22.8k | $11.40 |
| − Vacancy | −$4.1k | −$2.05 |
| EGI | $18.7k | $9.35 |
| − OpEx | −$4.7k | −$2.34 |
| NOI | $14.0k | $7.01 |
2,000 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Meticulously maintained office unit with about 2,000 sq. ft. of professional space and ample parking.
Where is this office units located?
The property is located at 8174 Lark Brown Rd Unit 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: Office unit built in 2005; Approximately 2,000 sq. ft. of professional office space; Situated at the intersection of MD 108 and MD 175 in Elkridge, Howard County
