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Property profile & analytics
OFF-MARKET Estimated value $1,470,000
Medical Office Space

5801 Ritchie Hwy Baltimore, MD 21225-3742

15,006 SF 0.47 ac lot Built 2006
Entity Owned 19-yr Hold Free & Clear
Property ID
US40-0073888
Property summary
AI-generated overview

This three-story, 15,600-square-foot Class B office building at 5801 Ritchie Highway in Baltimore, Maryland, offers exceptional flexibility. Located in Anne Arundel County (zip code 21225), this property boasts 10,400 square feet of vacant space across the second and third floors, divisible into units as small as 2,600 square feet, with a maximum contiguous space of 5,200 square feet per floor. The building features 50 parking spaces, an elevator, and abundant natural light. Built in 2006, the property sits on a 0.47-acre lot (20,473 square feet) and is zoned C3. The building offers a striking lobby and elevator finishes. With excellent visibility from Ritchie Highway and a convenient cross street at Walton Ave, this location provides easy access and ample parking. The property taxes are $1.08 per square foot. The landlord is offering a significant tenant improvement allowance of up to $100,000 and will manage the build-out process. While ideally suited for medical office use, the landlord will consider other professional office uses. This is a rare opportunity to secure high-visibility office space in a prime Baltimore location with substantial landlord support.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 2006
Total area 15,006 SF
Lot 0.47 ac (20,303 SF)
Zoning code C3
APN 05-693-11764000
UPID US40-0073888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Family Dental Care Dental Office
  • Baltimore Implant Center Dental Office
  • Dr. Natalie Mercho, DDS Dental Office
  • 24/7 Emergency Services Brooklyn Park MD Hardware & Home Improvement General Contractor
  • Baltimore Denture Center Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$1.47M
Owner & transaction history
Markie Realty LLC · 19 yrs held
Markie Realty LLC
since 2006
2 recorded transactions
2006
Price N/A
2002
$450,000
Zoning & alternative use
C3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.3M +4.7%
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