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20 E Timonium Rd 33,316 SF 100% Leased 4-Star Office Building Timonium, MD 21093 $8,989,184 CAD ($269.82 CAD/SF) 8.80% Cap Rate
Investment Highlights
- 100% leased to established tenants, diversified rent roll by size and industry
- Exempted from Building Energy Performance Standards due to size
- Recent, significant capital improvements/renovations ($945,000)
- Private pathway to grocery anchored shopping center with several restaurants
Executive Summary
20 East Timonium Road presents the opportunity to acquire a 33,316 SF ±, three-story office building situated on 1.54 AC ± in Timonium, Maryland. The property is 100% leased to a diverse tenant roster, including embedded medical practices, providing stable occupancy and cash flow. Recent capital improvements and renovations totaling approximately $945,000 enhance the asset’s long-term appeal, while ample parking and strong visibility support tenant convenience. Located within the vibrant York Road corridor, the property benefits from private pedestrian access to an adjacent grocery-anchored shopping center and is less than one mile from Interstate 83.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
33,316 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1985/2026
Price
$8,989,184 CAD
Price Per SF
$269.82 CAD
Cap Rate
8.80%
NOI
$791,470 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,105 SF
Building FAR
0.50
Lot Size
1.54 AC
Zoning
RO - Neighborhood Residential or Commercial.
Parking
110 Spaces (3.14 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-1600001743 | Improvements Assessment | $3,189,471 CAD (2025) |
| Land Assessment | $1,640,908 CAD (2025) | Total Assessment | $4,830,380 CAD (2025) |
Property Taxes
Parcel Number
08-1600001743
Land Assessment
$1,640,908 CAD (2025)
Improvements Assessment
$3,189,471 CAD (2025)
Total Assessment
$4,830,380 CAD (2025)
Contacts
-
Owen Rouse -
Tom Green -
Jack Ward -
MacKenzie Commercial Real Estate Services, LLC
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20 E Timonium Rd
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