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 Market136
Property Features for 1421 S PHILADELPHIA BOULEVARD
General Information
Standard status
Active
Size
9,002 SF
Lot size
1.20 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,049
Amenities
A/C - Other
3
Parking.
Lot.
Other, Highway Access.
Building Details
Year Built
1948
Listing Agency:
Banick, LLC.
(410) 935-7685
Listed By:
Joseph Banick
(410) 935-7685
Source:
Xome
Added: Apr 10
Changed: Aug 23
Last Checked: Aug 22 at 9:02AM
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 = 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
$54,728
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
6.44%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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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.
