Add Listing
    For Lease
    • 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

    1 E Joppa Rd Towson, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-phase development with retail, restaurants, and luxury apartments.

    Type:RETAIL
    Property size:
    3,175 SF
    Lot size:
    32.96 Acres
    Added:
    Dec 8, 2023
    Days on Market:
    850
    Last Refresh:
    Apr 1 at 8:05 pm

    Property Features for 1 E Joppa Rd

    General Information

    Standard status
    Active
    Size
    3,175 SF
    Lot size
    32.96 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1 E Joppa Rd Contact us

    We can help!

    Listing Contact
    Greg Goldberg

    Listing agent Greg Goldberg

    Listing office Kite Realty Group - Corporate

    Listing date Dec 8, 2023

    Source Moodyscre

    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 Kite Realty Group - Corporate

    Overview

    Downtown Towson Mixed-Use Development

    This multi-phase mixed-use development is located in downtown Towson, MD. The project includes restaurants, boutiques, and entertainment venues. The 371-unit luxury apartment development, Avalon Towson, is also part of the development. Anchors include Urban Outfitters, Ethan Allen, and Shake Shack. An underground parking garage provides pedestrian access to the street with 6 entrances/exits. Available space is 3175 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Capitol Luggage — 825 Dulaney Valley Rd 4th Floor, Towson, MD 21204
    • Sunglass Hut — 825 Dulaney Valley Rd Ste 4015, Towson, MD 21204
    • Sunglass Hut — 825 Dulaney Valley Rd #354, Towson, MD 21204
    • Sunglass Hut at Macy's — 813 Dulaney Valley Rd, Towson, MD 21204
    • Towson Town Center — 825 Dulaney Valley Rd, Towson, MD 21204

    Location Insight

    • Map
    • Local Demand
    City
    Towson
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6355
    Latitude
    39.4076

    Nearby Similar for Lease

    • Contact for pricing

      Towson Office Suite For Lease

      Office suite in Towson featuring 11 individual offices.
      530 JOPPA E unit: 2A, TOWSON, MD 21286
      View Details
    • Sponsored
      Contact for pricing

      West Road Corporate Center

      100 West Rd, Unit 300, Towson, MD 21204
      View Details
    • Contact for pricing

      Towson City Center

      1 Olympic Pl, Unit 900, Towson, MD 21204
      View Details
    • $24/mo

      Towson Office Space for Lease

      2,200 SF office suite in prime Towson location.
      530 JOPPA, Towson, MD 21204
      View Details
    • Contact for pricing

      Office Suite For Rent

      Office suite available for immediate occupancy with flexible lease terms.
      100 E Pennsylvania Ave, TOWSON, MD 21286
      View Details
    • $24/mo

      Towson Medical/Office Boutique Hub

      Medical/office suites in a well-located Towson redevelopment.
      515 E Joppa Rd, Towson, MD
      View Details
    • Contact for pricing

      Professional Office Suite with Amenities

      Office suite with conference room, reception, and private bath.
      1200 E Joppa Rd #suite D, TOWSON, MD 21286
      View Details
    • Contact for pricing

      Modern Office Space in Towson

      Prime office space with modern amenities in a vibrant location.
      8600 Lasalle Road, Towson, MD 21286
      View Details
    • $15/mo

      Towson Office Space Available

      Office space available for lease in Towson, Maryland.
      101 E Chesapeake Ave, Towson, MD 21286
      View Details
    • $12/mo

      Towson Office Space Available

      Office space for rent in vibrant Towson, Maryland.
      8725 Loch Raven Blvd, Towson, MD
      View Details
    • Contact for pricing

      Class A Office Building

      Five-story office building with on-site amenities in Towson, MD.
      100 West Rd, Towson, MD
      View Details
    • $18/mo

      Towson Office Space Available

      2900 SF office space for lease in Towson.
      22 Allegheny Ave, Towson, MD
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-phase development with retail, restaurants, and luxury apartments.
    Where is this shopping center located?
    The property is located at 1 E Joppa Rd Towson, MD.
    What are key features of this property?
    This property features: Located in the heart of downtown Towson, MD.; Mixed‑use development featuring restaurants, boutiques, and entertainment venues.; Includes the **371‑unit luxury apartment development, Avalon Towson.**
    (317) 577-5600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greg Goldberg
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!