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Property profile

135 Slade Ave Pikesville, MD 21208

OFF-MARKET
Office Spaces
5,000 SF
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Property summary

AI-generated overview

This exceptional 5,000 square foot office property, situated on a 1.54-acre lot in Pikesville, Maryland (zip code 21208), presents a unique investment opportunity. The property is currently configured as a single-tenant building, with 4,711 square feet of vacant space available for lease. The property is zoned OR-1, allowing for a variety of uses including childcare centers, eldercare facilities, medical office space, and urgent care facilities. The site offers flexibility with options for a ground lease, a build-to-suit arrangement tailored to a tenant's specifications, or leasing within a spec-built office building. The owner has conceptual plans for a 12,000 square foot spec office building, contingent upon securing an anchor tenant. This property benefits from its strategic location within the Pikesville Commercial Revitalization District (CRD) in Northwest Baltimore County, directly across from the Baltimore County Police Department and the Maryland State Police Forensic Sciences Division. The CRD is undergoing revitalization efforts, including planned traffic flow improvements and streetscape enhancements along the Reisterstown Road corridor. The existing building is adjacent to a long-term leased 5,000 square foot medical adult daycare center. This presents a compelling opportunity for businesses seeking a high-visibility location in a growing area with convenient access to major transportation routes and essential services. The property's zoning and location make it ideal for a variety of office uses, offering significant potential for growth and return on investment.

Property profile

Verified
Property type Office Spaces
Total area 5,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

135 Slade Ave Pikesville, MD 21208
Pikesville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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