Freestanding Industrial Property in
For Sale
$3,750,000
8502 Kelso Rd, Baltimore, MD 21221
Free-standing, Industrial property for sale in Essex, MD
Property Size18,000 SF
Lot Size2.70 Acres
Price / SF$208.33
Days on Market291
Property Features for 8502 Kelso Rd
General Information
Standard status
Active
Property type
Warehouses, Industrial properties
Size
18,000 SF
Class
C
Lot size
2.70 Acres
Listing Agency:
Gold and Company
Listed By:
Jim Chivers · License #617251
(443) 928-7522
Added: Dec 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
A freestanding industrial property with 18,000 square feet of space is available for sale. The property is situated on a 2.7-acre lot. The property is located in Baltimore, Maryland and is zoned for industrial use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,547
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,940
$2.4M
Cap Rate 7%
$1,693,529
$1.7M
Cap Rate 9%
$1,317,189
$1.3M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$151.2K $8.40/SF
− Vacancy
−$11.7K −$0.65/SF
EGI
$139.5K $7.75/SF
− OpEx
−$20.9K −$1.16/SF
NOI
$118.5K $6.59/SF
Area
Baltimore, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,940
Cap Rate 7%
$1,693,529
Cap Rate 9%
$1,317,189
Alternative Uses
Best Use
Warehouse
$1.69M
$1.48M – $1.98M
NOI $118,547 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$1.42M
$1.24M – $1.66M
NOI $99,384 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$4.31M
$3.77M – $5.03M
NOI $301,861 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21221, MD
43,381
Population
18,364
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
15.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$67,368
Median Household Income
$44,416
Median Earnings
$1,305
Median Rent
$266,800
Median Home Value
Market
Vacancy Rate% for Industrial in Baltimore, MD
Questions? Ask Rey
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Similar Off Market Nearby
- Duke's Rentals and Storage — 919 Back River Neck Rd, Essex, MD 21221
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing, Industrial property for sale in Essex, MD
Where is this warehouse located?
The property is located at 8502 Kelso Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $3,750,000.
