Renovated NNN Retail
For Sale
$350,000
1805 E Joppa Rd, Parkville, MD 21234
Single-tenant renovated retail building with tenant-paid expenses, parking, and added storage with second-floor and basement access.
Property Size1,440 SF
Price / SF$243.06
Days on Market100
Property Features for 1805 E Joppa Rd
General Information
Standard status
Active
Size
1,440 SF
Site & Location
Neighborhood
Harford
Outdoor Storage
Yes
Building Details
Year Built
1949
Listing Agency:
Cogent Properties LLC
Listed By:
Pete Maheridis · License #645475
(410) 929-5291
Source:
Vinsonproperties
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 11:33AM
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 Cogent Properties LLC
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Investment Insights
Based on property information with market context.
This renovated commercial retail property is offered on a tenant-in-place basis, with the tenant paying all related expenses. The building includes a new concrete pad and a new outdoor shed for additional storage. The second floor provides extra space for offices or storage, and there is also a basement that can be used for storage via a separate entrance.
Located at 1805 E Joppa Road in Parkville, the property sits on busy Joppa Road and offers plenty of parking for customers and staff.
The combination of main-level retail space, expanded second-floor utility, and a separate-entry basement storage area supports flexible day-to-day operations while maintaining a straightforward ownership structure through the NNN offering.
Located at 1805 E Joppa Road in Parkville, the property sits on busy Joppa Road and offers plenty of parking for customers and staff.
The combination of main-level retail space, expanded second-floor utility, and a separate-entry basement storage area supports flexible day-to-day operations while maintaining a straightforward ownership structure through the NNN offering.
Key Highlights
- Renovated single‑tenant commercial building on busy Joppa Road with NNN offering
- Tenant in place pays all related expenses for the property
- Central air cooling and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,382
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,640
$407.6K
Cap Rate 7%
$291,171
$291.2K
Cap Rate 9%
$226,467
$226.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$31.1K $21.60/SF
− Vacancy
−$2.0K −$1.38/SF
EGI
$29.1K $20.22/SF
− OpEx
−$8.7K −$6.07/SF
NOI
$20.4K $14.15/SF
Area
Baltimore County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,640
Cap Rate 7%
$291,171
Cap Rate 9%
$226,467
Alternative Uses
Best Use
Retail
$291.2K
$254.8K – $339.7K
NOI $20,382 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.97M
$12.22M – $16.30M
NOI $977,958 @ 7.0% cap · market cap 279.42%
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
928
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
M&T Bank
Shops & Services
8,117 visits/mo
0.5 miles
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
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
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant renovated retail building with tenant-paid expenses, parking, and added storage with second-floor and basement access.
Where is this nnn property located?
The property is located at 1805 E Joppa Rd Parkville, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Renovated single‑tenant commercial building on busy Joppa Road with NNN offering; Tenant in place pays all related expenses for the property; Central air cooling and wood flooring
