2893 JESSUP Rd, Jessup, MD 20794

Building Details

Year Built 1965 More

Units 1 More

Listing Agency: Coldwell Banker Residential Brokerage

Listed By: Franklin O Bolling · License #34108 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 14 Last Checked: Aug 17 at 9:37AM

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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 Coldwell Banker Residential Brokerage

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Investment Insights

Based on property information with market context.

This standalone, light industrial flex building is located along Route 175/Jessup Road corridor. The property is positioned on a three-quarter acre parcel and is zoned W1, making it suitable for owner-users, contractors, creative offices, or investors. The multi-level space offers over 3,300 square feet of well-maintained space with natural light. The upper levels feature seven private workspaces, including a glass-lined conference room, a communal kitchen, two full baths (one adjacent to a private office suite), and a powder room between two offices. It has red oak floors, solid wood doors, business-grade lighting, and upgraded electrical with equipment-ready outlets. The lower level has an epoxy floor and is suitable for light storage, fitness, inventory, or conversion into creative use zones. Separate entrances allow for multi-tenant use or client-facing versus back-of-house functionality. The property includes a landscaped, fenced courtyard and an oversized Amish-built shed with electric and exterior lighting. There is a 14-car paved driveway. Major systems including the roof, HVAC, windows, and kitchen have been updated. The land extends to open space in the rear, offering build-out potential under current zoning guidelines. The property is located near I-95, Route 32, 295, 97, and Route 1, with access to NSA, Fort Meade, DOD, COPT, BWI, Columbia, and Annapolis. It is currently zoned for light industrial use.

Key Highlights

• Prime location on Route 175/Jessup Road with high visibility and easy access to major highways.
• Recently up‑zoned to W1, allowing for versatile use as light industrial, creative office, or investment property.
• 3,300+ sq ft multi‑level FLEX building featuring 7 private workspaces, conference room, and communal kitchen.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,524

Cap Rate

6.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$990,480 $990.5K

Cap Rate 7%

$707,486 $707.5K

Cap Rate 9%

$550,267 $550.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$79.2K $24.00/SF

− Vacancy

−$3.0K −$0.91/SF

EGI

$76.2K $23.09/SF

− OpEx

−$26.7K −$8.08/SF

NOI

$49.5K $15.01/SF

Area

Howard County, MD

Vacancy

3.80%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$990,480

Cap Rate 7%

$707,486

Cap Rate 9%

$550,267

Alternative Uses

Best Use

Flex RnD

$707.5K

$619.1K – $825.4K (±1% cap)

NOI $49,524 @ 7.0% cap · market cap 6.23%

Second Best

Industrial

$537.6K

$470.4K – $627.2K (±1% cap)

NOI $37,630 @ 7.0% cap · market cap 4.73%

Theoretical Best

Office A

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,667 @ 7.0% cap · market cap 10.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Richard Vogt Pa Accounting Firm

Suggested Use

Top Pick HVAC Service Law Firm Furniture & Home Goods Grocery & Convenience Store Parking Lot & Garage Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 20794, MD

16,658

Population

4,230

Households

3.9

Avg Household Size

37

Median Age

29%

College-Educated

82%

High-School Grad

9.6 sq mi

ZIP Area

1,735

Density / Sq Mi

$105,441

Median Household Income

$55,191

Median Earnings

$1,940

Median Rent

$393,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Light industrial flex building in Jessup corridor, W1-zoned.

Where is this flex space located?

The property is located at 2893 JESSUP Rd Jessup, MD.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Prime location on Route 175/Jessup Road with high visibility and easy access to major highways.; Recently up‑zoned to W1, allowing for versatile use as light industrial, creative office, or investment property.; 3,300+ sq ft multi‑level FLEX building featuring 7 private workspaces, conference room, and communal kitchen.**