Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    505-511 Edgewood Rd Edgewood, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New retail space for sale in Edgewood, Maryland.

    Type:RETAIL
    Property size:
    9,200 SF
    Lot size:
    1.88 Acres
    Price / SF:
    $64/SF
    Added:
    Jun 9, 2023
    Days on Market:
    1057
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 505-511 Edgewood Rd

    General Information

    Standard status
    Active
    Size
    9,200 SF
    Lot size
    1.88 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 505-511 Edgewood Rd Contact us

    We can help!

    Listing Contact
    Thomas
    Thomas "Tom" Mottley

    Listing agent Thomas "Tom" Mottley

    Listing office MacKenzie Commercial Real Estate | Bel Air

    Listing date Jun 9, 2023

    Source Moodyscre

    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 | Bel Air

    Overview

    Retail Space in Edgewood, Maryland

    This property offers an opportunity to purchase new retail space in a proposed development in Edgewood, Maryland, situated at the signalized intersection of Edgewood Road (Rt. 755) and Willoughby Beach Road. The proposed concept plan incorporates multiple points of entry and exit on both Edgewood Road and Willoughby Beach Road. The site features over 340 feet of frontage on Edgewood Road, with convenient access to Route 24, Route 40, and I-95. The proposed concept plan is designed to accommodate ample parking. The property size is 9,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Harford
    State
    Maryland
    Longitude
    -76.2945
    Latitude
    39.4227

    Nearby Similar for Sale

    • $950,000
      4,420 SF

      Freestanding Building on Philadelphia Road

      4,420 SF freestanding building in Edgewood, Maryland for sale.
      2203 Philadelphia Road, Edgewood, MD 21040
      View Details
    • $6,000,000
      25,000 SF

      Edgewood Industrial/Office Buildings For Sale

      25,000 SF industrial/office buildings on 37 acres in Edgewood, MD.
      1301 Trimble Road, Edgewood, MD 21040
      View Details
    • Contact for pricing
      3,035 SF

      Renovated Service Warehouse with Office

      3,035 SF renovated service warehouse with convenient highway access.
      405 Laburnum Rd, Edgewood, MD 21040
      View Details
    • $1,800,000

      Turnkey Religious Facility on 14+ Acres

      Ready-to-use religious facility with redevelopment potential on 14+ acres.
      2600 Willoughby Beach Road, Edgewood, MD 21040
      View Details
    • Contact for pricing
      16,700 SF

      Two-Story Office Building in Edgewood

      16,700 SF office building for sale or lease.
      2700 Philadelphia Road, Edgewood, MD 21040
      View Details
    • Contact for pricing
      112,055 SF

      Edgewood Industrial Property with Cranes

      112,055 SF industrial building on 88.47 acres for sale.
      1401 Trimble Rd, Edgewood, MD
      View Details
    • $2,375,000
      13,204 SF

      Two-Story Office Building in Edgewood

      16,700 SF office building with space for lease.
      2700 Philadelphia Rd, Edgewood, MD
      View Details
    • $2,300,000
      6,226 SF

      Medical Office Building For Sale/Lease

      Medical office building for sale or lease with high traffic.
      1952 Pulaski Hwy, Edgewood, MD
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail space for sale in Edgewood, Maryland.
    Where is this retail space located?
    The property is located at 505-511 Edgewood Rd Edgewood, MD.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Located at the signalized intersection of Edgewood Road (Rt. 755) and Willoughby Beach Road.; Boasts 340+ feet of frontage on Edgewood Road.; Multiple means of ingress and egress on both Edgewood Road and Willoughby Beach Road.
    (410) 879-1900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas
    Thomas "Tom" Mottley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!