Mixed-Use Property with Commercial
For Sale
$1,399,900
19220 YORK ROAD, Parkton, MD 21120
Commercial frontage, an existing building, and rear acreage create a flexible mixed-use property with multiple development considerations.
Property Size8,528 SF
Price / SF$164.15
Days on Market11
Property Features for 19220 YORK ROAD
General Information
Standard status
Active
Size
8,528 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$6,026
Amenities
Central Air
3
Driveway.
Building Details
Year Built
2006
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(443) 802-2728
Listed By:
Christopher Cooke · License #596183
(443) 802-2728
Source:
Xome
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 8 at 3:24AM
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 mixed-use property spans approximately 22.14 acres and includes an existing 8,528-square-foot building constructed in 2006. The front portion carries BLCR (Business Local Commercial Restricted) zoning and includes a stone parking area. The building is occupied by a church on a month-to-month basis, with the occupant responsible for utilities. Central air is provided, and the structure may accommodate office, retail, contractor, or other neighborhood commercial use based on the existing configuration and zoning information.
The rear acreage is currently farmed and connects to the front through an existing dirt service road. That portion is zoned R-4 and may support up to four residential dwellings, subject to county approval and purchaser verification. Access extends toward I-83. The property is sold as-is and must be purchased with 19250 York Rd.
The rear acreage is currently farmed and connects to the front through an existing dirt service road. That portion is zoned R-4 and may support up to four residential dwellings, subject to county approval and purchaser verification. Access extends toward I-83. The property is sold as-is and must be purchased with 19250 York Rd.
Key Highlights
- Approximately 22.14 acres with commercial frontage and rear acreage
- 8,528‑square‑foot building constructed in 2006
- Front portion zoned BLCR (Business Local Commercial Restricted)
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
$119,953
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
8.57%
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%
$2,399,060
$2.4M
Cap Rate 7%
$1,713,614
$1.7M
Cap Rate 9%
$1,332,811
$1.3M
Market Conditions
NOI Build-Up for 8,528 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
$228.2K $26.76/SF
− Vacancy
−$36.3K −$4.25/SF
EGI
$191.9K $22.51/SF
− OpEx
−$72.0K −$8.44/SF
NOI
$120.0K $14.07/SF
Area
Baltimore County, MD
Vacancy
15.90%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
37.50%
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%
$2,399,060
Cap Rate 7%
$1,713,614
Cap Rate 9%
$1,332,811
Alternative Uses
Best Use
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,953 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$82.74M
$72.40M – $96.53M
NOI $5,791,686 @ 7.0% cap · market cap 413.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial frontage, an existing building, and rear acreage create a flexible mixed-use property with multiple development considerations.
Where is this mixed-use property located?
The property is located at 19220 YORK ROAD Parkton, MD.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Approximately 22.14 acres with commercial frontage and rear acreage; 8,528‑square‑foot building constructed in 2006; Front portion zoned BLCR (Business Local Commercial Restricted)
