Multi-Use Property in Aberdeen,
For Sale
$850,000
1421 S Philadelphia Boulevard, Aberdeen, MD 21001
1.2 acres with garages, residence, and extra lot.
Property Size9,002 SF
Lot Size1.20 Acres
Price / SF$94.42
Days on Market185
Property Features for 1421 S Philadelphia Boulevard
General Information
Standard status
Active
Size
9,002 SF
Lot size
1.20 Acres
Building Details
Year Built
1948
Listing Agency:
Banick, LLC.
Listed By:
Joseph A. Banick
(410) 935-7685
Source:
Kandorre
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 7 at 4:54PM
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 Banick, LLC.
Investment Insights
Based on property information with market context.
This multi-use property in Aberdeen, Maryland, Harford County, is available for sale. Zoned CI (Commercial Industrial), the property encompasses 1.2 acres across three parcels. It features large, multi-bay garages and an on-site residence with 4 bedrooms, 1 full bathroom, and 1 half bathroom. An additional lot of 0.342 acres is also included. The property has been family-owned for a long time and has been used for automotive-related services and storage. It benefits from high visibility, high traffic count, and excellent road frontage. Located outside town limits, it offers public water and sewer, natural gas, and 3-phase power. This property presents a rare and excellent investment opportunity. Quick settlement is available and desired.
Key Highlights
- Prime Commercial/Industrial (CI) Zoned Property: Ideal for various business ventures.
- Strategic Location: High visibility and traffic count with excellent road frontage.
- Large Multi‑Bay Garages: Existing garages provide ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,728
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,560
$1.1M
Cap Rate 7%
$781,829
$781.8K
Cap Rate 9%
$608,089
$608.1K
Market Conditions
NOI Build-Up for 9,002 SF
Gross rent
$81.0K $9.00/SF
− Vacancy
−$2.8K −$0.32/SF
EGI
$78.2K $8.69/SF
− OpEx
−$23.5K −$2.61/SF
NOI
$54.7K $6.08/SF
Area
Harford County, MD
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,560
Cap Rate 7%
$781,829
Cap Rate 9%
$608,089
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,413 @ 7.0% cap · market cap 14.99%
Second Best
Industrial
$781.8K
$684.1K – $912.1K
NOI $54,728 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,721 @ 7.0% cap · market cap 26.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
True Value Hardware
Home Improvements & Furnishings
3,940 visits/mo
0.2 miles
Demographics for 21001, MD
25,714
Population
11,010
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
30.0 sq mi
ZIP Area
857
Density / Sq Mi
$81,778
Median Household Income
$49,765
Median Earnings
$1,391
Median Rent
$267,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1319 S Philadelphia Blvd, Aberdeen, MD 21001
Frequently Asked Questions
What type of property is this?
Automotive property - 1.2 acres with garages, residence, and extra lot.
Where is this automotive property located?
The property is located at 1421 S Philadelphia Boulevard Aberdeen, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime Commercial/Industrial (CI) Zoned Property: Ideal for various business ventures.; Strategic Location: High visibility and traffic count with excellent road frontage.; Large Multi‑Bay Garages: Existing garages provide ample space.
