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

    1954 Greenspring Dr, Timonium, MD 21093

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

    Office space available for lease in Timonium, Maryland.

    Type:Office
    Added:
    Sep 24, 2018
    Days on Market:
    2797
    Last Refresh:
    May 19 at 8:56 pm

    Property Features for 1954 Greenspring Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1954 Greenspring Dr Contact us

    We can help!

    Listing Contact
    Dalton Myers

    Listing agent Dalton Myers License #MD

    Listing office Merritt Properties LLC

    Listing date Sep 24, 2018

    Source Crexi

    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 Merritt Properties LLC

    HighLights

    • For Lease

    Overview

    This commercial real estate property, identified as an office space, is available for lease. Located in Timonium, Maryland, at 1954 Greenspring Dr, 21093, the property is designated for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • jals systems — 8606 Springvale Dr, Timonium, MD 21093

    Location Insight

    • Map
    • Local Demand
    City
    Timonium
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6555
    Latitude
    39.4394

    Nearby Similar for Lease

    • $28 SF/Yr
      1,526 SF

      Timonium Office Space Available

      Office space available for lease in Timonium, Maryland.
      12201 Tullamore Road, Timonium, MD 21093
      View Details
    • $20 SF/Yr
      1,562 SF

      Timonium Office Space For Rent

      Office space for rent in Lutherville-Timonium location.
      1301 York Rd, Timonium, MD
      View Details
    • $28 SF/Yr
      17,568 SF

      Office Space with Atrium

      Office space featuring an atrium, balconies, and a restaurant.
      9690 Deereco Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing
      1,685 SF

      Retail Space in Timonium Square

      Retail space available within established shopping center.
      2137-2147 York Rd, Timonium, MD
      View Details
    • Contact for pricing
      3,450 SF

      Timonium Flex Space Available

      3,450 SF flex space with docks and drive-ins.
      7 W Aylesbury Rd, Timonium, MD
      View Details
    • Contact for pricing
      4,500 SF

      Timonium Flex Space Available

      Flex space with showroom, conditioned warehouse, and dock door.
      2125-2249 Greenspring Dr, Timonium, MD
      View Details
    • Contact for pricing
      4,702 SF

      Timonium Retail Space Available

      4,702 SF retail space for lease in Timonium, MD.
      2045 York Rd, Timonium, MD
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Timonium Crossing

      Retail space available within a strategically located shopping center.
      2080 York Rd, Timonium, MD
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Retail/Office Space Available

      Adaptable retail/office space in a thriving business hub.
      15 W Aylesbury Rd, Timonium, MD
      View Details
    • $22 SF/Yr
      5,000 SF

      Timonium Office/Medical Space Available

      Office or medical space for rent near Timonium Square.
      20 E Timonium Rd, Timonium, MD
      View Details
    • $27 SF/Yr

      Private Offices for Rent

      Private office suites available for individuals and small teams.
      57 W Timonium Rd, Timonium, MD 21093
      View Details
    • Contact for pricing

      York Road Office Space

      Affordable office space with high visibility and ample parking.
      1923 York Rd, Timonium, MD 21093
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Timonium, Maryland.
    Where is this office space located?
    The property is located at 1954 Greenspring Dr Timonium, MD.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dalton Myers
    Real Estate License ID: MD
    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
    1954 Greenspring Dr, Timonium, MD 21093
    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!