8890 McDonogh Rd, Owings Mills, MD

Listing Agency: TriAlliance Commercial Real Estate Services Show Phone

Listed By: Christopher C. Smith, SIOR · License #MD 99511 Show Phone

Source: Moodyscre

Added: Jan 4, 2024 Changed: Aug 8 Last Checked: Jul 30 at 5:24AM

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Investment Insights

Based on property information with market context.

This property offers 1,825 square feet of office space and is located on McDonogh Road in Owings Mills, Maryland. The property is intended for use as office space.

Key Highlights

• Office space for sale
• Located in Owings Mills
• Located in Maryland

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,795

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$255,900 $255.9K

Cap Rate 7%

$182,786 $182.8K

Cap Rate 9%

$142,167 $142.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,825 SF

Gross rent

$20.8K $11.40/SF

− Vacancy

−$3.7K −$2.05/SF

EGI

$17.1K $9.35/SF

− OpEx

−$4.3K −$2.34/SF

NOI

$12.8K $7.01/SF

Area

Baltimore 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%

$255,900

Cap Rate 7%

$182,786

Cap Rate 9%

$142,167

Alternative Uses

Best Use

Office B

$182.8K

$159.9K – $213.3K (±1% cap)

NOI $12,795 @ 7.0% cap · market cap 4.90%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$17.71M

$15.49M – $20.66M (±1% cap)

NOI $1,239,426 @ 7.0% cap · market cap 474.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Spa & Massage Center Kitchen & Bath Showroom Building Supply Parking Lot & Garage Auto Parts Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Explore this area Business Placement

Market

Average Price Trend$/SF for Office Units in Baltimore County, MD

$147 Jul

$143 Aug

$136 Sep

$110 Oct

Properties on Market for Office Units in Baltimore County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office space for sale in Owings Mills, Maryland.

Where is this office unit located?

The property is located at 8890 McDonogh Rd Owings Mills, MD.

What is the asking price?

The asking price for this property is $260,960.

What are key features of this property?

This property features: Office space for sale; Located in Owings Mills; Located in Maryland