Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Warehouse Space Available Title is generated by Realmo AI

    8415 Kelso Drive, Essex, MD 21221

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial warehouse space available for rent in Essex, Maryland.

    Type:Industrial
    Property size:
    42,403 SF
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    May 20 at 12:39 am

    Property Features for 8415 Kelso Drive

    General Information

    Standard status
    Active
    Size
    42,403 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jon Casella

    Listing agent Jon Casella

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    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 Jon Casella

    HighLights

    • Industrial warehouse space available
    • Located in Essex, Maryland

    Overview

    This industrial property, located in Essex, Maryland, offers 42403 square feet of warehouse space for rent. The property is suitable for warehouse and other industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4851015
    Latitude
    39.326643

    Nearby Similar for Lease

    • $1,500/Mo

      Office Space in Essex, MD

      Office suites available for lease in high-traffic Essex location.
      405 STEMMERS RUN RD, ESSEX, MD 21221
      View Details
    • Contact for pricing
      97,000 SF

      Retail Space in Waterview Center

      Retail spaces available in a busy shopping center.
      101-165 Orville Road, Essex, MD 21221
      View Details
    • $2,200/Mo

      Renovated Office Building in Essex

      Newly renovated office building with suites suitable for various businesses.
      405 STEMMERS RUN Road, ESSEX, MD 21221
      View Details
    • Contact for pricing
      11,000 SF

      Industrial Building with Yard Space

      11,000 SF industrial building with up to one acre yard.
      800 Race Road, Essex, MD 21221
      View Details
    • $1,500/Mo

      Office Building with Multiple Suites

      Office building with multiple suites available for rent.
      405 Stemmers Run Rd, ESSEX, MD, 21221-3314
      View Details
    • $1,500/Mo

      Office Building with Multiple Suites

      Office building featuring multiple suites suitable for small businesses.
      405 Stemmers Run Rd, ESSEX, MD 21221
      View Details
    • Contact for pricing
      1,338 SF

      Retail Space in Neighborhood Center

      Retail space in a neighborhood center with high traffic.
      25 Eastern Blvd, Essex, MD
      View Details
    • Contact for pricing
      5,750 SF

      Freestanding Medical/Office Building Available

      5,750 SF medical/office building for lease with dedicated parking.
      1245 Eastern Blvd, Essex, MD
      View Details
    • Contact for pricing
      2,500 SF

      Flex Space with Roll-Up Door

      Flex space available for sublease with existing office and restroom.
      2015 Turkey Point Rd, Essex, MD
      View Details
    • Contact for pricing
      274,821 SF

      Essex Industrial Warehouse Space

      274,821 square foot warehouse space available for lease.
      8411 Kelso Drive, Essex, MD, 21221
      View Details
    • Contact for pricing
      18,000 SF

      Essex Warehouse Space Available

      18,000 sq ft warehouse space for lease.
      8515 Kelso Drive, Essex, MD, 21221
      View Details
    • Contact for pricing

      Retail Space at Eastern Boulevard

      Retail space available at a prominent corner location.
      1600 Eastern Blvd, Essex, MD 21221
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial warehouse space available for rent in Essex, Maryland.
    Where is this industrial property located?
    The property is located at 8415 Kelso Drive Essex, MD.
    What are key features of this property?
    This property features: Industrial warehouse space available; Located in Essex, Maryland
    (410) 244-3127
    We can help!
    Listing Contact
    Jon Casella
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8415 Kelso Drive, Essex, MD, 21221
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!