Two-Story Office
2700 Philadelphia Rd, Edgewood, MD 21040
For Sale
Contact for pricing
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 Market1050
Property Features for 2700 Philadelphia Rd
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Buildings
Stories
Building Size
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(443) 573-3200
Listed By:
Beetle Smith
(443) 573-3219
Source:
Moodyscre
Added: Dec 26, 2023
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$189,092
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,781,840
$3.8M
Cap Rate 7%
$2,701,314
$2.7M
Cap Rate 9%
$2,101,022
$2.1M
Market Conditions
NOI Build-Up for 13,204 SF
Gross rent
$323.2K $24.48/SF
− Vacancy
−$71.1K −$5.39/SF
EGI
$252.1K $19.09/SF
− OpEx
−$63.0K −$4.77/SF
NOI
$189.1K $14.32/SF
Area
Harford County, MD
Vacancy
22.00%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,781,840
Cap Rate 7%
$2,701,314
Cap Rate 9%
$2,101,022
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $189,092 @ 7.0% cap · market cap 7.96%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Harford County
Vacancy Rate% for Office in South region
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
