Creative Office Space For
For Sale
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10260 Baltimore National Pike, Ellicott City, MD 21042
Creative office space suitable for medical and professional users.
Property Size1,938 SF
Price / SF$230
Days on Market1740
Property Features for 10260 Baltimore National Pike
General Information
Standard status
Active
Size
1,938 SF
Class
B
Property subtype
Office
Zoning
B1
Occupancy
25%
Lease Type
Modified Gross
Building Details
Units
2
Tenancy
Multi
Listing Agency:
Hyatt Commercial
Listed By:
George Shenas · License #MD 659421
(410) 266-8800
Source:
Crexi
Added: Jan 13, 2022
Changed: Oct 10
Last Checked: Oct 19 at 6:43AM
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 Hyatt Commercial
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Investment Insights
Based on property information with market context.
This creative office space is suitable for medical and professional office users. The units, totaling 1938 square feet, are built out as office spaces that can be renovated for a variety of uses. The units are split into two levels that mirror each other and can be separated as upper and lower level units.
Key Highlights
- Creative office space suitable for medical and professional users.
- Flexible layout allows for various renovations and uses.
- Units are split into two levels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,587
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,740
$271.7K
Cap Rate 7%
$194,100
$194.1K
Cap Rate 9%
$150,967
$151.0K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$22.1K $11.40/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$18.1K $9.35/SF
− OpEx
−$4.5K −$2.34/SF
NOI
$13.6K $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%
$271,740
Cap Rate 7%
$194,100
Cap Rate 9%
$150,967
Alternative Uses
Best Use
Office B
$194.1K
$169.8K – $226.5K
NOI $13,587 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.7K
$628.9K – $838.5K
NOI $50,310 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 21042, MD
43,147
Population
15,269
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
37.0 sq mi
ZIP Area
1,166
Density / Sq Mi
$190,504
Median Household Income
$94,089
Median Earnings
$2,253
Median Rent
$674,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Creative office space suitable for medical and professional users.
Where is this office unit located?
The property is located at 10260 Baltimore National Pike Ellicott City, MD.
What is the asking price?
The asking price for this property is $445,740.
What are key features of this property?
This property features: Creative office space suitable for medical and professional users.; Flexible layout allows for various renovations and uses.; Units are split into two levels.
