Commercial Land with Existing
New
For Sale
$2,299,800
19220 & 19250 YORK ROAD, Parkton, MD 21120
Two-parcel commercial land offering existing buildings, road frontage, multiple zoning designations, and an NNN lease through 2033.
Property Size8,672 SF
Price / SF$265.20
Days on Market7
Property Features for 19220 & 19250 YORK ROAD
General Information
Standard status
Active
Size
8,672 SF
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(443) 802-2728
Listed By:
Christopher J Cooke
(443) 802-2728
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:53AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This two-parcel commercial land offering encompasses approximately 23.14 acres along York Road and includes existing commercial improvements. The 1-acre parcel contains an 8,672-square-foot commercial building with on-site parking and is leased to the U.S. Postal Service under an NNN lease through 2033. The second parcel includes another commercial building with a stone parking area, currently occupied by a church on a month-to-month basis.
The property carries multiple zoning designations: BL on the smaller road-front parcel, BLCR on the front portion of the larger parcel, and R-4 on the rear acreage. The larger tract also includes extensive York Road frontage, while the rear portion is farmed and reached by an existing dirt service road. The source information identifies potential for up to four residential dwellings on the rear acreage, subject to county approval and purchaser verification of zoning, permitted uses, and subdivision requirements.
The property carries multiple zoning designations: BL on the smaller road-front parcel, BLCR on the front portion of the larger parcel, and R-4 on the rear acreage. The larger tract also includes extensive York Road frontage, while the rear portion is farmed and reached by an existing dirt service road. The source information identifies potential for up to four residential dwellings on the rear acreage, subject to county approval and purchaser verification of zoning, permitted uses, and subdivision requirements.
Key Highlights
- Approximately 23.14 acres across two commercial parcels along York Road
- 1‑acre BL‑zoned parcel with an 8,672‑square‑foot commercial building and on‑site parking
- U.S. Postal Service lease in place through 2033 under NNN terms
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
$122,742
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
5.34%
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%
$2,454,840
$2.5M
Cap Rate 7%
$1,753,457
$1.8M
Cap Rate 9%
$1,363,800
$1.4M
Market Conditions
NOI Build-Up for 8,672 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
$187.3K $21.60/SF
− Vacancy
−$12.0K −$1.38/SF
EGI
$175.3K $20.22/SF
− OpEx
−$52.6K −$6.07/SF
NOI
$122.7K $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 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%
$2,454,840
Cap Rate 7%
$1,753,457
Cap Rate 9%
$1,363,800
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.05M
NOI $122,742 @ 7.0% cap · market cap 5.34%
Second Best
Office B
$868.6K
$760.0K – $1.01M
NOI $60,799 @ 7.0% cap · market cap 2.64%
Theoretical Best
Multifamily LT 5
$84.14M
$73.62M – $98.16M
NOI $5,889,482 @ 7.0% cap · market cap 256.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 21120, MD
7,178
Population
2,589
Households
2.8
Avg Household Size
46
Median Age
62%
College-Educated
97%
High-School Grad
42.0 sq mi
ZIP Area
171
Density / Sq Mi
$157,275
Median Household Income
$81,250
Median Earnings
$1,338
Median Rent
$552,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two-parcel commercial land offering existing buildings, road frontage, multiple zoning designations, and an NNN lease through 2033.
Where is this commercial land located?
The property is located at 19220 & 19250 YORK ROAD Parkton, MD.
What is the asking price?
The asking price for this property is $2,299,800.
What are key features of this property?
This property features: Approximately 23.14 acres across two commercial parcels along York Road; 1‑acre BL‑zoned parcel with an 8,672‑square‑foot commercial building and on‑site parking; U.S. Postal Service lease in place through 2033 under NNN terms
