Freestanding Flex
For Sale
Contact for pricing
2203 Philadelphia Rd, Edgewood, MD 21040
Freestanding commercial building with direct Philadelphia Road access, on-site parking, and zoning for office, contractor, medical, or church use.
Property Size4,420 SF
Lot Size0.30 Acres
Price / SF$214.93
Days on Market159
Property Features for 2203 Philadelphia Rd
General Information
Standard status
Active
Size
4,420 SF
Lot size
0.30 Acres
Property subtype
FLEX_R_AND_D
Zoning
B1
Site & Location
Traffic Count
12,000 vehicles/day
Road Access
Yes
Listing Agency:
MacKenzie Commercial Real Estate | Bel Air
(443) 573-3217
Listed By:
Thomas "Tom" Mottley
Source:
Moodyscre
Added: Feb 25
Changed: Jul 26
Last Checked: Jul 26 at 12:54PM
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 MacKenzie Commercial Real Estate | Bel Air
Investment Insights
Based on property information with market context.
2203 Philadelphia Road is a freestanding building offering approximately 4,420 square feet of versatile space, positioned for an owner-user. The property has on-site parking and direct access along Philadelphia Road, with potential for a drive-in door to be installed.
The site is located on a roughly 0.30-acre lot in Edgewood, Maryland. The property is zoned B1 and benefits from strong visibility on a corridor with more than 12,000 vehicles per day.
This layout is suitable for a range of uses, including office, contractor, medical, or church applications, providing flexible options for tenants or buyers seeking a commercially accessible building in a high-traffic location.
The site is located on a roughly 0.30-acre lot in Edgewood, Maryland. The property is zoned B1 and benefits from strong visibility on a corridor with more than 12,000 vehicles per day.
This layout is suitable for a range of uses, including office, contractor, medical, or church applications, providing flexible options for tenants or buyers seeking a commercially accessible building in a high-traffic location.
Key Highlights
- 4,420 SF freestanding commercial building with direct access along Philadelphia Road in Edgewood, MD
- Philadelphia Road traffic counts exceed 12,000 vehicles per day for high daily exposure
- B1 zoning supports office, contractor, medical, or church use for flexible owner‑user options
Financial Insights For Flex RnD
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 | $108.2k | $24.48 |
| − Vacancy | −$16.3k | −$3.70 |
| EGI | $91.9k | $20.78 |
| − OpEx | −$32.2k | −$7.27 |
| NOI | $59.7k | $13.51 |
4,420 SF · lease $24.48/SF/yr · vacancy 15.10% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$853.0K
$746.4K – $995.2K
NOI $59,711 @ 7.0% cap · market cap 6.29%
Second Best
Healthcare Medical
$787.4K
$689.0K – $918.6K
NOI $55,118 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,865 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21040, MD
25,138
Population
10,211
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
94%
High-School Grad
9.8 sq mi
ZIP Area
2,565
Density / Sq Mi
$86,925
Median Household Income
$48,528
Median Earnings
$1,420
Median Rent
$231,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial building with direct Philadelphia Road access, on-site parking, and zoning for office, contractor, medical, or church use.
Where is this flex space located?
The property is located at 2203 Philadelphia Rd Edgewood, MD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,420 SF freestanding commercial building with direct access along Philadelphia Road in Edgewood, MD; Philadelphia Road traffic counts exceed 12,000 vehicles per day for high daily exposure; B1 zoning supports office, contractor, medical, or church use for flexible owner‑user options
