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    Essex, MD
    Medical Premises

    Essex, MD Medical Office Space for Sale

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    Dundalk, MD Edgemere, MD Baltimore, MD Middle River, MD Rosedale, MD White Marsh, MD Nottingham, MD Chase, MD
    Renovated Multi-Suite Office Building
    Updated: May 17
    Renovated Multi-Suite Office Building

    405 Stemmers Run Rd, Essex, MD 21221

    $850,000
    4,736 sqft
    Renovated office building at 405 Stemmers Run Rd with a two‑level layout
    Upstairs offers six office suites with 2 bathrooms
    First level includes a lobby area with 2 bathrooms and three back‑side offices
    Current tenancy: barber shop on the front side of the first level; only other tenant is on a monthly lease
    Roof features tile and flat roofing; central air and carpet flooring listed
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    This listing looks promising.

    Here's a quick look at some key insights for

    405 Stemmers Run Rd, Essex, MD 21221

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $67K
      Annual

    • Price @ 7% Cap

      $958K
      Above asking

    • Last Sold

      Oct 2014
      $540K

    • Property Type

      Office Building
      Built 1960
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    Renovated Office Building with Suites
    Updated: Jun 6
    Renovated Office Building with Suites

    405 STEMMERS RUN RD, Essex, MD 21221

    $850,000
    0.09 AC lot
    Multi‑office building built in 1960 with block construction, central heating, and central air
    Six office suites upstairs with 2 bathrooms; first‑level back side includes three offices
    First‑level lobby area with 2 bathrooms; front side first level is occupied by a barber shop
    Only tenant is on a monthly lease
    HVAC on the upper level was replaced in 2025
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    Multitenant Office and Medical Building
    Multitenant Office and Medical Building

    303 Eastern Blvd, Essex, MD 21221

    Contact for pricing

    Two-story multitenant office and medical building with 10 on-site parking spaces and separately metered, individually controlled HVAC.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Essex, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Office Condo Near Hospital
    Medical Office Condo Near Hospital

    9106 Philadelphia Road, Rosedale, MD 21237

    Contact for pricing
    7.00 AC lot

    Medical office condo in Rosedale, near Franklin Square Hospital.

    View details
    Built-Out Dental Office Condo
    Built-Out Dental Office Condo

    100-9114 Philadelphia Rd, Rosedale, MD

    $400,000

    Dental office built-out in 2017 with four operatories, a dedicated hygienist area, and a fully equipped surgical room.

    View details
    Two-Unit Rowhome Medical Office
    Two-Unit Rowhome Medical Office

    456-458 Elrino Street, Baltimore, MD 21224

    Contact for pricing

    Two-unit rowhome configured with main-level medical use and upstairs office and storage, plus updated HVAC and hot water.

    View details
    Former Union Hall Office Building
    Former Union Hall Office Building

    550 Dundalk Ave, Baltimore, MD 21224

    Contact for pricing

    Large office building formerly used as a union hall, suitable for medical or general office use or retail redevelopment.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial/Residential Land on Frederick Rd
    Commercial/Residential Land on Frederick Rd

    23543 FREDERICK Rd, Clarksburg, MD 20871

    $2,350,000
    3.21 AC lot

    3.21 acre land parcel suitable for various commercial/residential uses.

    View details
    Commercial Land in Mechanicsburg, PA
    Commercial Land in Mechanicsburg, PA

    S YORK Street, Mechanicsburg, PA 17055

    $2,050,000
    39.99 AC lot

    Commercial land available within new Charter Homes development.

    View details
    Hagerstown Land Near Medical Offices
    Hagerstown Land Near Medical Offices

    FREDERICK Street, Hagerstown, MD 21740

    $499,000
    1.39 AC lot

    Two lots available near medical offices, suitable for various uses.

    View details
    Land Near Milton Medical Pavilion
    Land Near Milton Medical Pavilion

    Lot 78 Milton Ellendale Highway, Milton, DE 19968

    $375,000

    Land suitable for medical practice near hospital services.

    View details

    Essex, MD Medical Office Space Market Trends and Statistics

    Explore 3 medical office space for sale in Essex, MD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,736 square feet of properties for sale, with an estimated market value of $1,700,000.

    Sale prices for medical spaces in Essex, MD average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical Office Space 4
    Office buildings 3
    Office Units 3

    Demographics Overview

    Population 44K
    Population Growth (5Y) +1.0%
    Median Household Income $67,368
    College Educated 13.9%

    High-Yield Neighborhoods for Investment

    Identify Essex submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21221 $850K

    Taxes & Financing

    Tax Rate (average for all types) 0.94%
    Property Tax per SF $11.00 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Baltimore County

    New Delisted

    Total CRE Inventory on Market (SF)

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