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    2950 Industrial Park Dr Finksburg, MD 21048
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    Property profile & analytics

    2950 Industrial Park Dr Finksburg, MD 21048

    View on Map
    • Warehouses
    • 2,400 SF
    • 1.00 lot acres
    For Lease
    $5,500/Mo
    View Listing →
    Industrial Property with Ample Parking For Lease
    $5,500/Mo

    Industrial Property with Ample Parking

    Flex space with office, garage, and storage on one acre.

    2950 Industrial Park Dr, Finksburg, MD 21048
    View Listing
    Property ID
    US40-1083401
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2950 Industrial Park Dr

    Year built
    1978
    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    2,400 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    04-041402
    APU
    4041402

    Description

    This exceptional Finksburg, MD business opportunity encompasses a sprawling one-acre lot featuring a substantial main building and a separate pole building. The main structure boasts significant space ideal for various commercial uses, previously occupied by a tree company. The building offers extensive functionality, including 2 bathrooms, 7 individual offices, 4 cubicle workspaces, and a shared meeting area, all complemented by four spacious drive-in bays, each measuring 30x60 feet. This provides ample room for equipment storage, vehicle parking, and operational needs. The property also includes a separate garage, offering additional storage or workspace. The significant parking area further enhances the property's practicality. Approximately half of the remaining lot is currently under a tentative lease agreement. This property presents a rare chance to acquire a versatile and spacious commercial space in a convenient location, offering significant potential for a variety of businesses requiring substantial storage, workspace, and parking. The property's previous use as a tree company suggests suitability for businesses with similar equipment and storage needs. The combination of office space, garage, and ample outdoor area makes this a highly attractive option for companies seeking a comprehensive and functional workspace. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Finksburg
    County
    Carroll
    State
    Maryland
    Longitude
    -76.8866
    Latitude
    39.4997
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,589
    $152,400
    $165,200
    $317,600
    -
    $152,400
    $165,200
    $317,600

    Comparable in this City

    • Value Estimation
      $610,000
      9,024 SF

      3306 Baltimore Blvd

      WAREHOUSE, STORAGE • 9,024 SF
      3306 Baltimore Blvd, Finksburg, MD 21048-2321
      View Details
    • Value Estimation
      $700,000
      12,050 SF

      2931 Industrial Park Dr

      WAREHOUSE, STORAGE • 12,050 SF
      2931 Industrial Park Dr, Finksburg, MD 21048-2311
      View Details
    • Value Estimation
      $1,755,000
      15,000 SF

      2903 Dede Rd

      WAREHOUSE, STORAGE • 15,000 SF
      2903 Dede Rd, Finksburg, MD 21048-2300
      View Details
    • Value Estimation
      $955,000
      6,250 SF

      2914 Dede Rd

      WAREHOUSE, STORAGE • 6,250 SF
      2914 Dede Rd, Finksburg, MD 21048
      View Details
    • Value Estimation by Request
      3,000 SF

      3940 Gamber Rd

      WAREHOUSE, STORAGE • 3,000 SF
      3940 Gamber Rd, Finksburg, MD 21048-2517
      View Details
    • Value Estimation
      $585,000
      9,900 SF

      2960 Industrial Park Dr

      WAREHOUSE, STORAGE • 9,900 SF
      2960 Industrial Park Dr, Finksburg, MD 21048-2312
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo

      Industrial Property with Ample Parking

      Flex space with office, garage, and storage on one acre.
      2950 Industrial Park Dr, Finksburg, MD 21048
      View Details
    • Contact for pricing

      Flex Warehouse Space Available

      Flex warehouse spaces for lease in Finksburg, Maryland.
      3150 Baltimore Blvd, Finksburg, MD 21048
      View Details
    • $11 SF/Yr

      Finksburg Flex Space Available

      Flex space with office and warehouse areas for lease.
      2901 Dede Rd, Finksburg, MD 21048
      View Details
    • Contact for pricing
      15,000 SF

      Finksburg Flex/Warehouse Space Available

      Flex/warehouse space for lease in Finksburg, Maryland.
      Dede Rd & Baltimore Blvd, Finksburg, MD 21048
      View Details
    • $22 SF/Yr

      Retail Space and Pad Site

      Retail space and a 1-acre pad site available for lease.
      2970 Dede Rd, Finksburg, MD 21048
      View Details
    View Listing
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    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.

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