Renovated NNN Retail
1805 E JOPPA ROAD Parkville, MD 21234
1805 E JOPPA ROAD, Parkville, MD, 21234
$450,000
For Sale
$450,000
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$312.50
Days on Market17
Property Features for 1805 E JOPPA ROAD
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1949
Listing agency
Cogent Properties LLC
(410) 929-5291
Listed by
Pete Maheridis · License #645475
(410) 929-5291
Source
Xome
Added: Jul 7 Updated: Jul 23 at 4:45AM Checked: Jul 23 at 4:45AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.1k | $21.60 |
| − Vacancy | −$2.0k | −$1.38 |
| EGI | $29.1k | $20.22 |
| − OpEx | −$8.7k | −$6.07 |
| NOI | $20.4k | $14.15 |
1,440 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$291.2K
$254.8K – $339.7K
NOI $20,382 @ 7.0% cap · market cap 4.53%
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 217.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 ROAD Parkville, MD.
What is the asking price?
The asking price for this property is $450,000.
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
