Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    818 Old Joppa Rd Joppa, MD 21085

    Sponsored
    For Sale
    $355,000

    LAND - JOPPA, MD

    Lot size:
    2.04 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 21 at 12:06 am

    Property Features for 818 Old Joppa Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.04 Acres

    We can help!

    Listing Contact
    Adam S. Letke

    American Premier Realty LLC (443) 512-0090

    Listing agent Adam S. Letke (443) 512-0090 License #679611

    Listing date Feb 14, 2026

    MLS# MDHR2051722

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Joppa, Maryland

    This 2.04-acre lot in Joppa, Maryland, is suitable for building a custom dream home. A custom home builder tie-in is available with various options. Single-family homes can be custom-designed to meet buyer needs. The builder offers in-house architectural design services with over 30 years of experience. The location is convenient, private, and premium, bordering Fallston, north of Mountain Road and west of Old Joppa Road. Quality construction and comprehensive design-build services are provided. The property offers easy access to major travel routes. This lot is part of a 6-lot development, with 3 lots remaining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joppa
    County
    Harford
    State
    Maryland
    Longitude
    -76.37525
    Latitude
    39.48612

    Nearby Similar for Sale

    • Contact for pricing
      3,040 SF

      Joppatowne C-Store Owner-User Opportunity

      3,040 SF C-Store in Joppatowne, MD for sale.
      602 Pulaski Hwy, Joppa, MD
      View Details
    • $705,000
      2,042 SF

      Joppa Commercial Land - Huge Potential

      High-traffic location, 0.84 acres, multiple uses.
      1507 Old Mountain Rd, Joppa, MD 21085
      View Details
    • $365,000

      Commercial Property in Joppa, MD

      Commercial property for sale in Joppa, Maryland.
      304 Avedon Ct, Joppa, MD 21085
      View Details
    • $395,000

      JOPPA FARM Rd Land Opportunity

      Land available on JOPPA FARM Rd, Joppa, MD 21085
      231 Joppa Farm Rd, Joppa, MD 21085
      View Details
    • $319,999

      Joppa Specialty Property For Sale

      Specialty property in Joppa, MD, available for purchase.
      2104 Jaycee Dr, Joppa, MD 21085
      View Details
    • $555,000

      Ravenswood Court Specialty Property

      Specialty property available for sale in Joppa, Maryland.
      124 Ravenswood Ct, Joppa, MD 21085
      View Details
    • $450,000

      Beverly Drive Specialty Property

      Specialty property for sale in Joppa, Maryland.
      2402 Beverly Dr, Joppa, MD 21085
      View Details
    • $425,000

      Kershaw Court Specialty Property

      Specialty property for sale in Joppa, Maryland.
      221 Kershaw Ct, Joppa, MD 21085
      View Details
    • $425,000

      Kearney Drive Specialty Property

      Specialty property available for sale in Joppa, Maryland.
      219 Kearney Dr, Joppa, MD 21085
      View Details
    • $399,990

      Joppa Specialty Property For Sale

      Specialty property available for purchase in Joppa, Maryland.
      725 Managrass Dr, Joppa, MD 21085
      View Details
    • $450,000

      Baldwin Drive Specialty Property

      Specialty property for sale in Joppa, Maryland.
      612 Baldwin Dr, Joppa, MD 21085
      View Details
    • $325,000

      FOWLER Ct, Joppa, MD Property

      Specialty property for sale in Joppa, Maryland.
      406 Fowler Ct, Joppa, MD 21085
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for custom home in convenient Joppa location.
    Where is this residential land & home lot located?
    The property is located at 818 Old Joppa Rd Joppa, MD.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: - Premium, private location bordering Fallston, offering both convenience and desirability.; - Custom home design-build services available to meet buyer needs.; - In-house architectural design services with over 30 years of experience.
    (443) 421-4849
    Request Owner's contact information
    818 Old Joppa Rd Joppa, MD 21085
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    818 Old Joppa Rd
    Joppa, MD 21085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    818 Old Joppa Rd Joppa, MD 21085
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam S. Letke
    Real Estate License ID: 679611
    (443) 421-4849 (443) 512-0090
    Learn more
    Google sign-in failed. Please try again or use another login method.