Warehouse For
For Sale
$485,000
Pending
10630 Riggs Hill Rd #N, Jessup, MD 20794
For-sale warehouse opportunity in Howard County, offering a compact footprint for light industrial or storage needs.
Property Size2,125 SF
Days on Market85
Property Features for 10630 Riggs Hill Rd #N
General Information
Standard status
Pending
Size
2,125 SF
Total Parking Spaces
4
Zoning
M2
Taxes and HOA fees
Annual Taxes
$4,282
Amenities
Central Air
Forced Air, Electric, Natural Gas
Electric Water Heater
On Street
Building Details
Building Size
2,125 SF
Year Built
1990
Listing Agency:
(240) 388-1273
Listed By:
Dimitri Piskapas
(240) 388-1273
Source:
Evrealestate
Added: May 16
Changed: Aug 8
Last Checked: Aug 8 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dimitri Piskapas
Investment Insights
Based on property information with market context.
This property is a warehouse offering approximately 2,125 square feet of space. It is listed for sale and falls under the “warehouse” and “other warehouses” commercial property types, making it a straightforward option for buyers seeking a dedicated industrial/storage-style footprint.
The address is 10630 Riggs Hill Rd #N in Jessup, Maryland, within Howard County. The listing notes “Directions: GPS,” indicating that access is intended to be handled via navigation rather than by providing specific directional landmarks.
With a single, purpose-built warehouse layout and a defined square-foot footprint, this asset can fit a range of smaller operational requirements, including storage and light industrial use. Prospective tenants or buyers should review the property details and confirm any intended use requirements based on their business needs and any applicable local regulations.
The address is 10630 Riggs Hill Rd #N in Jessup, Maryland, within Howard County. The listing notes “Directions: GPS,” indicating that access is intended to be handled via navigation rather than by providing specific directional landmarks.
With a single, purpose-built warehouse layout and a defined square-foot footprint, this asset can fit a range of smaller operational requirements, including storage and light industrial use. Prospective tenants or buyers should review the property details and confirm any intended use requirements based on their business needs and any applicable local regulations.
Key Highlights
- Year built: 1990
- Central air and forced air heating with electric, natural gas sources
- Electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,995
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$279,900
$279.9K
Cap Rate 7%
$199,929
$199.9K
Cap Rate 9%
$155,500
$155.5K
Market Conditions
NOI Build-Up for 2,125 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.9K $8.40/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$16.5K $7.75/SF
− OpEx
−$2.5K −$1.16/SF
NOI
$14.0K $6.59/SF
Area
Howard County, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$279,900
Cap Rate 7%
$199,929
Cap Rate 9%
$155,500
Alternative Uses
Best Use
Warehouse
$199.9K
$174.9K – $233.3K
NOI $13,995 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$788.1K
$689.6K – $919.4K
NOI $55,164 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20794, MD
16,658
Population
4,230
Households
3.9
Avg Household Size
37
Median Age
29%
College-Educated
82%
High-School Grad
9.6 sq mi
ZIP Area
1,735
Density / Sq Mi
$105,441
Median Household Income
$55,191
Median Earnings
$1,940
Median Rent
$393,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse opportunity in Howard County, offering a compact footprint for light industrial or storage needs.
Where is this warehouse located?
The property is located at 10630 Riggs Hill Rd #N Jessup, MD.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Year built: 1990; Central air and forced air heating with electric, natural gas sources; Electric water heater
