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 Size13,204 SF
Price / SF$179.87
Days on Market951
Property Features for 2700 Philadelphia Rd
General Information
Standard status
Active
Size
13,204 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) 573-3219
Listed By:
Beetle Smith
Source:
Moodyscre
Added: Dec 26, 2023
Changed: Jul 31
Last Checked: Aug 2 at 2:53PM
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 For Office B
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 | $150.5k | $11.40 |
| − Vacancy | −$27.1k | −$2.05 |
| EGI | $123.4k | $9.35 |
| − OpEx | −$30.9k | −$2.34 |
| NOI | $92.6k | $7.01 |
13,204 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
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
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
