Property profile

201 Milford Ml Rd Baltimore, MD 21208

OFF-MARKET
Office buildings
Property ID
US40-0582590
13,362 SF 1.27 ac lot Built 1989
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, located at 201 Milford Mill Road in Pikesville, Maryland, boasts 55,321 square feet of leasable space and is currently 100% occupied by stable, long-term tenants under double net leases, ensuring consistent income and reduced landlord expenses. The property benefits from a prime location near major banking institutions (Capital One and Wells Fargo), offering convenient access to financial services. Its strategic proximity to shipping centers optimizes logistics, while nearby amenities such as The Silk Road Bistro, First Watch, Applebee's, Seven Mile Market, Target, and Giant Food cater to tenant and visitor needs. Excellent public transportation is readily available via nearby Old Court, Milford Mill, and Rogers Ave Metro stations, as well as bus stops. The building features a functional elevator and ample parking. This property presents an owner-user opportunity, allowing a business to occupy its own space, and offers the potential to subdivide larger units into smaller, below-market-value spaces, maximizing rental income and attracting a diverse tenant base. Situated in the thriving commercial hub of Pikesville, Baltimore County, this asset is poised for strong, long-term returns, capitalizing on the area's robust demographic growth and modern infrastructure. The asking price is $2,950,000, but offers will be considered.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 13,362 SF
Lot 1.27 ac (55,321 SF)
Zoning code RO
APN 03-2500005934
UPID US40-0582590

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Employment Agency
  • Real Estate Agency
  • Physician
  • Physician
  • Employment Agency

Location

201 Milford Ml Rd Baltimore, MD 21208-5903
Baltimore metro Census 403402 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.05M
Comparable Approach Comparable
$1.86M
Blend (final) Blend
$415k

Owner & transaction history

since 2026
Last sale
$2.3M
3 recorded transactions
2026
$2.3M
2005
Price N/A
1969
Price N/A

Zoning & alternative use

RO · Baltimore, MD
Top alternative use upside
Auto repair, garage $3.1M +12.4%
Restaurant $3.0M +10.7%

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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