Pikesville, MD
Commercial Real Estate Market Trends & Data

$238 Avg asking sale price
$19 Avg asking lease rate
5,675 SF Avg unit lease size
28,140 SF Avg building size for sale
7.20% Average cap rate

Pikesville's Demographic Profile

Pikesville has 13,662 households and a median income of $95,338, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 33,437
# Households 13,662
Median age 44
Median household income $95,338
Avg household size 2.0
Renter-occupied housing units 4,572
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pikesville, MD

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pikesville $158 31,826 SF 7.15%
Gwynn Oak $152 26,280 SF 7.15%
Nearby Retail Markets Avg Cost/SF Typical Size
Pikesville $263 19,070 SF
Gwynn Oak $140 15,346 SF
Randallstown $358 27,599 SF
Ruxton $168 8,640 SF
Windsor Mill $223 21,853 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Waverly $172 25,845 SF 9.62%
Baltimore $146 42,721 SF 21.59%

Commercial Properties For Sale in Pikesville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Pikesville Building Site

Baltimore, MD 21215

  • 0.21 - 0.48 AC Lots
  • 2 Commercial Lots
  • $799,000
For Sale

Estate Building Lots | Pikesville, MD

Pikesville, MD 21208

  • 1.06 AC Lot
  • 1 Residential Income Lot
  • $530,000
For Sale

Estate Building Lots | Stevenson Reserve

Pikesville, MD 21208

  • 0.93 AC Lot
  • 1 Residential Income Lot
  • $530,000
For Sale

4109-4113 Amos Ave

Baltimore, MD 21215

  • 20,930 SF Retail Building
  • 7.15% Cap Rate
  • $2,685,314
For Sale

6310 Blair Hill Ln

Towson, MD 21209

  • 21,000 SF Flex Building
  • $3,950,000
For Sale

Pikesville Center - Baltimore MSA

Pikesville, MD 21208

  • 24,741 SF Retail Building
  • 7.25% Cap Rate
  • $9,840,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pikesville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pikesville $238 28,140 SF
Garrison $563 12,367 SF
Gwynn Oak $154 21,212 SF
Randallstown $428 18,851 SF
Ruxton $178 9,035 SF

Multifamily Properties For Sale in Pikesville

For Sale

Embassy Apartments

Baltimore, MD 21215

  • 54,886 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Pikesville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pikesville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pikesville 33,437 13,662 44 $95,338 2 4,572 -2%
Garrison 10,139 4,187 39 $103,149 2 1,999 1%
Gwynn Oak 44,467 17,731 42 $59,160 2 7,140 -2%
Randallstown 32,182 12,080 45 $84,376 3 3,579 -2%
Ruxton 24,277 8,984 33 $87,500 2 4,996 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pikesville, MD and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pikesville

View All Commercial Real Estate For Sale in Pikesville
Is Pikesville a good market for a first-time commercial real estate investor?

Pikesville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pikesville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pikesville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pikesville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pikesville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pikesville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pikesville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pikesville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pikesville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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