Freestanding Building on Philadelphia
2203 Philadelphia Road Edgewood, MD 21040
2203 Philadelphia Road, Edgewood, MD, 21040
$950,000
For Sale
$950,000
4,420 SF freestanding building in Edgewood, Maryland for sale.
Property Size4,420 SF
Lot Size0.30 Acres
Price / SF$214.93
Days on Market111
Property Features for 2203 Philadelphia Road
General Information
- Standard status
- Active
- Size
- 4,420 SF
- Lot size
- 0.30 Acres
- Property subtype
- Flex, Industrial
Listing agency
MacKenzie Commercial Real Estate | Baltimore
(443) 573-3217
Listed by
Tom Mottley
(443) 573-3217
Source
Mackenziecommercial
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 2:57AM
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 | Baltimore
Investment Insights
Based on property information with market context.
Located in Edgewood, Maryland, 2203 Philadelphia Road is a 4,420 square foot freestanding building available for sale. The property is zoned B1 and situated on a 0.30 acre lot. It offers visibility and direct access along Philadelphia Road, which experiences over 12,000 vehicles per day. This property presents a versatile owner-user opportunity suitable for various uses such as office, contractor, medical, or church. On-site parking is available, and there is potential for a drive-in door to be installed. The site offers flexibility for a range of commercial users in a well-traveled corridor.
Key Highlights
- 4,420 square foot ± freestanding building
- Strong visibility and direct access on Philadelphia Road (12,000+ vehicles per day)
- Zoned B1, suitable for office, contractor, medical, or church use
Local 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
Office B
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 3.26%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Global Healthcare Systems
Medical Clinic
Temitayo Olaniyi
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 4,420 SF freestanding building in Edgewood, Maryland for sale.
Where is this flex space located?
The property is located at 2203 Philadelphia Road 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 square foot ± freestanding building; Strong visibility and direct access on Philadelphia Road (12,000+ vehicles per day); Zoned B1, suitable for office, contractor, medical, or church use
