Building Details

Year Built 1988

Buildings 1

Tenancy Single

Listing Agency: Berkshire Hathaway HomeServices Homesale Realty c***@chriscooketeam.com Show Phone

Listed By: Christopher Cooke · License #596183 Show Phone

Source: Xome

Added: Jul 29 Changed: Aug 3 Last Checked: Aug 7 at 1:42AM

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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 NNN commercial property includes a commercial building, on-site parking, and approximately 1 acre of road-front land with BL zoning. The property is fully leased to the U.S. Postal Service under a triple-net lease scheduled to continue through 2033. Lease responsibilities place real estate taxes, insurance, repairs, maintenance, and utilities with the tenant, limiting the landlord’s operational obligations. The building was constructed in 1988 and is being offered as-is. The property is located at 19250 York Road in Parkton, Maryland, and must be purchased together with 19220 York Road.

Key Highlights

• Approximately 1 acre of BL‑zoned, road‑front commercial property
• 4,144 property size with a commercial building and on‑site parking
• 100% leased to the U.S. Postal Service through 2033

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

$58,653

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

6.52%

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%

$1,173,060 $1.2M

Cap Rate 7%

$837,900 $837.9K

Cap Rate 9%

$651,700 $651.7K

Market Conditions

NOI Build-Up for 4,144 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

$89.5K $21.60/SF

− Vacancy

−$5.7K −$1.38/SF

EGI

$83.8K $20.22/SF

− OpEx

−$25.1K −$6.07/SF

NOI

$58.7K $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%

$1,173,060

Cap Rate 7%

$837,900

Cap Rate 9%

$651,700

Alternative Uses

Best Use

Retail

$837.9K

$733.2K – $977.6K (±1% cap)

NOI $58,653 @ 7.0% cap · market cap 6.52%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$40.20M

$35.18M – $46.91M (±1% cap)

NOI $2,814,347 @ 7.0% cap · market cap 312.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Kitchen & Bath Showroom Restaurant Auto Parts Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

27

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Commercial building occupied by the U.S. Postal Service under a triple-net lease extending through 2033.

Where is this nnn property located?

The property is located at 19250 YORK ROAD Parkton, MD.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Approximately 1 acre of BL‑zoned, road‑front commercial property; 4,144 property size with a commercial building and on‑site parking; 100% leased to the U.S. Postal Service through 2033