Commercial Property in Bustling Business
For Sale
$385,000
1424 E Joppa Rd, Baltimore, MD 21286
Fully rented commercial property in a high-traffic area.
Property Size2,145 SF
Price / SF$179.49
Days on Market190
Property Features for 1424 E Joppa Rd
General Information
Standard status
Active
Size
2,145 SF
Building Details
Year Built
1950
Listing Agency:
Casa Bella Realty, LLC.
Listed By:
Barbara A. Todd
(443) 802-6714
Source:
Southjerseyshorehomesfinder
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 28 at 11:07AM
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 Casa Bella Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the bustling business district on East Joppa Road in Towson, this well-maintained property is zoned Residential/Office. It is situated just over a mile from 695, offering convenient access for small businesses. The property is currently configured as two separate office rental units. The lower office rental unit features a private rear entrance, a manager's office with glass doors, an open area suitable for four to five employees, a kitchenette, and a half bath. It has LVP flooring and electric baseboard heat. The upper unit entrance is located on E. Joppa Road and includes a ramp for accessibility. This office space consists of two levels. The first level includes a reception area/living room with a functional fireplace, two additional rooms suitable for offices or storage, and a half bathroom. The bonus area features a conference/meeting area and a full kitchen with updated cabinets and appliances, and LVP flooring. The top level includes two additional rooms, hardwood flooring, and a full bath. Both units have separate electrical meters. Rent includes snow removal and lawn care. Water bill is paid by the renter of the main/upper level unit. Paved parking is available for 13 cars (2 in front; 11 in rear). A stoned patio is shared with the office building next door. Signage has been newly installed on Joppa Road, with valid permits. Windows were replaced on the top floor in 2012 and in the lower unit in 2019. The main floor has replacement windows. Exterior storage is available under the porch. The property is located in a very walkable area with some transit options and is somewhat bikeable.
Key Highlights
- Fully rented commercial property in a high‑traffic location on East Joppa Road, ideal for investors seeking immediate rental income.
- Two separate office units with existing leases, providing a combined monthly rental income of $2,950 with auto‑renewal escalation clauses.
- Zoned Residential/Office, offering flexibility for various business types and potential future uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,821
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,420
$596.4K
Cap Rate 7%
$426,014
$426.0K
Cap Rate 9%
$331,344
$331.3K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$47.6K $22.20/SF
− Vacancy
−$7.9K −$3.66/SF
EGI
$39.8K $18.54/SF
− OpEx
−$9.9K −$4.63/SF
NOI
$29.8K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,420
Cap Rate 7%
$426,014
Cap Rate 9%
$331,344
Alternative Uses
Best Use
Office B
$426.0K
$372.8K – $497.0K
NOI $29,821 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.9K
$449.7K – $599.5K
NOI $35,972 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
Demographics for 21286, MD
21,470
Population
10,100
Households
2.1
Avg Household Size
42
Median Age
57%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
2,497
Density / Sq Mi
$93,093
Median Household Income
$58,577
Median Earnings
$1,597
Median Rent
$402,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - Fully rented commercial property in a high-traffic area.
Where is this office unit located?
The property is located at 1424 E Joppa Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fully rented commercial property in a high‑traffic location on East Joppa Road, ideal for investors seeking immediate rental income.; Two separate office units with existing leases, providing a combined monthly rental income of $2,950 with auto‑renewal escalation clauses.; Zoned Residential/Office, offering flexibility for various business types and potential future uses.
