Two-Story Office
For Sale
Contact for pricing
2700 Philadelphia Rd, Edgewood, MD 21040
Office property with space available for both sale and lease near Philadelphia Road, I-95, and Pulaski Highway.
Property Size16,700 SF
Price / SF$179.87
Days on Market1002
Property Features for 2700 Philadelphia Rd
General Information
Standard status
Active
Size
16,700 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
16,700 SF
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(443) 573-3200
Listed By:
Beetle Smith
(443) 573-3219
Source:
Moodyscre
Added: Dec 26, 2023
Changed: Sep 5
Last Checked: Sep 22 at 8:24PM
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.
This two-story office building is located at 2700 Philadelphia Road in Edgewood, Maryland. The property is available for sale and also has space available for lease, offering flexibility for office users and occupancy arrangements.
The building is located off Philadelphia Road, also identified as Route 7, with close proximity to I-95 and Pulaski Highway, also identified as Route 40. Its location provides access to established regional roadways while maintaining an office-focused property profile.
The building is located off Philadelphia Road, also identified as Route 7, with close proximity to I-95 and Pulaski Highway, also identified as Route 40. Its location provides access to established regional roadways while maintaining an office-focused property profile.
Key Highlights
- Two‑story office building at 2700 Philadelphia Road
- Located in Edgewood, Maryland
- Positioned off Philadelphia Road / Route 7
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
$92,573
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
3.90%
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%
$1,851,460
$1.9M
Cap Rate 7%
$1,322,471
$1.3M
Cap Rate 9%
$1,028,589
$1.0M
Market Conditions
NOI Build-Up for 13,204 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
$150.5K $11.40/SF
− Vacancy
−$27.1K −$2.05/SF
EGI
$123.4K $9.35/SF
− OpEx
−$30.9K −$2.34/SF
NOI
$92.6K $7.01/SF
Area
Harford County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,851,460
Cap Rate 7%
$1,322,471
Cap Rate 9%
$1,028,589
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,573 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,216 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with space available for both sale and lease near Philadelphia Road, I-95, and Pulaski Highway.
Where is this office building located?
The property is located at 2700 Philadelphia Rd Edgewood, MD.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Two‑story office building at 2700 Philadelphia Road; Located in Edgewood, Maryland; Positioned off Philadelphia Road / Route 7
