Freestanding Office Building in Perry
For Sale
$495,000
3814 E Joppa Road, Nottingham, MD 21236
2,800 SF office building on 0.3 acres.
Property Size2,800 SF
Lot Size0.30 Acres
Price / SF$176.79
Days on Market202
Property Features for 3814 E Joppa Road
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.30 Acres
Property subtype
Office
Zoning
ROA (Residential Office)
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
Listed By:
Chris Walsh
(410) 494-4857
Source:
Mackenziecommercial
Added: Apr 3
Changed: Oct 11
Last Checked: Oct 20 at 5:02PM
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 - Corporate
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Investment Insights
Based on property information with market context.
The property at 3814 E. Joppa Road is a 2,800± SF freestanding office building situated on approximately 0.3 acres. It is located at a fully signalized intersection in Perry Hall. The property is zoned ROA (Residential Office), making it suitable for a variety of professional uses. It features a newly paved on-site parking lot. The building includes a finished lower-level office area with a full bathroom and a private exterior entrance. The location offers excellent accessibility to Route 1, I-695, and I-95. The surrounding area includes major retail and service destinations such as Perry Hall Crossing and Festival at Perry Hall, with nearby tenants including Aldi, Looney’s Pub, Goodwill, Weis Markets, and Mission BBQ.
Key Highlights
- Freestanding 2,800± SF office building at a fully signalized intersection.
- Newly paved on‑site parking lot.
- Finished lower‑level office with full bathroom and private exterior entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,631
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,620
$392.6K
Cap Rate 7%
$280,443
$280.4K
Cap Rate 9%
$218,122
$218.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$31.9K $11.40/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$26.2K $9.35/SF
− OpEx
−$6.5K −$2.34/SF
NOI
$19.6K $7.01/SF
Area
Baltimore 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 Rate 5%
$392,620
Cap Rate 7%
$280,443
Cap Rate 9%
$218,122
Alternative Uses
Best Use
Office B
$280.4K
$245.4K – $327.2K
NOI $19,631 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.17M
$23.77M – $31.69M
NOI $1,901,586 @ 7.0% cap · market cap 384.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 21236, MD
40,555
Population
16,267
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
4,557
Density / Sq Mi
$92,130
Median Household Income
$56,457
Median Earnings
$1,591
Median Rent
$306,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 2,800 SF office building on 0.3 acres.
Where is this office building located?
The property is located at 3814 E Joppa Road Nottingham, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Freestanding 2,800± SF office building at a fully signalized intersection.; Newly paved on‑site parking lot.; Finished lower‑level office with full bathroom and private exterior entrance.
