Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Flex Property with Land Title is generated by Realmo AI

    703-705A 703-705a Philadelphia Rd, Joppa, MD 21085

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $625,000

    Two buildings on 2.61 acres with expansion potential.

    Type:Commercial
    Property size:
    3,214 SF
    Lot size:
    2.61 Acres
    Price / SF:
    $194/SF
    Added:
    Feb 16, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 5 at 9:14 pm

    Property Features for 703-705A 703-705a Philadelphia Rd

    General Information

    Standard status
    Active
    Size
    3,214 SF
    Lot size
    2.61 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    JASON S LUSBY

    Listing agent JASON S LUSBY License #597833

    Listing office KELLER WILLIAMS GATEWAY LLC

    Listing date Feb 16, 2026

    Source Corcoran

    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 KELLER WILLIAMS GATEWAY LLC

    HighLights

    • 2.61 acres of contiguous industrial land with development potential.
    • C‑1 (Commercial Industrial) zoning allows for a variety of uses.
    • Excellent opportunity for investors, owner‑users, or speculative development.
    • Convenient access to Mountain Road, Pulaski Highway (US‑40), I‑95, and Joppa Road.
    • Two buildings with a combined 3,214± square feet.
    • Two tax parcels included in the sale: 1301100947 and 1301103504.

    Overview

    This industrial flex property, zoned C-1 (Commercial Industrial), includes two buildings and a large yard. The sale encompasses two tax parcels, 1301100947 (703 Philadelphia Rd.) and 1301103504 (705-A Philadelphia Rd.), totaling approximately 2.61 acres. The property features two buildings with a combined area of approximately 3,214 square feet. The contiguous industrial land offers potential for additional parking, outdoor storage, or future building expansion. This property is suitable for investors, owner-users, or speculative development, with most of the site already cleared. It provides access to Mountain Road, Pulaski Highway (US-40), I-95, and Joppa Road, making it suitable for various industrial or flex uses. Building conditions range from average to below average. The site is served by one active septic/holding system (705-A), with a second system (703) likely requiring overhaul, replacement, or alternative technology, depending on intended use. The property is sold AS-IS.

    Financial Insights

    Value Estimation Calculated for Flex RnD

    Conservative
    $482.4K
    NOI $43,419 @ 9.00% cap · cautious / downside scenario
    Moderate
    $620.3K
    NOI $43,419 @ 7.00% cap · market / base-case scenario
    Aggressive
    $868.4K
    NOI $43,419 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Flex RnD

    Component $ $/SF
    Gross rent $78.7k $24.48
    − Vacancy −$11.9k −$3.70
    EGI $66.8k $20.78
    − OpEx −$23.4k −$7.27
    NOI $43.4k $13.51
    3,214 SF · lease $24.48/SF/yr · vacancy 15.10% · expense 35.00%

    Alternative Use Scenarios

    Best Use
    Flex RnD
    $620.3K
    $542.7K – $723.7K (±1% cap)
    NOI $43,419 @ 7.0% cap · market cap 6.95%
    Second Best
    Warehouse
    $339.0K
    $296.6K – $395.5K (±1% cap)
    NOI $23,727 @ 7.0% cap · market cap 3.80%
    Theoretical Best
    Office A
    $1.13M
    $989.5K – $1.32M (±1% cap)
    NOI $79,161 @ 7.0% cap · market cap 12.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Storage Facility Discount Store Pharmacy Accounting Firm Bar & Pub Cafe & Coffee Shop Car Rental Facility Travel Agency Bed & Breakfast Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Joppa
    County
    Harford
    State
    Maryland
    Longitude
    -76.3547
    Latitude
    39.4408

    Nearby Similar for Sale

    • $450,000

      Rare Development Opportunity in Joppa

      5.55 acres with subdivision potential and renovated farmhouse.
      402 PHILADELPHIA Road, JOPPA, MD 21085
      View Details
    • $365,000

      Residential Land in Joppa, MD

      2.35 acre lot for custom single-family home in Joppa.
      820 OLD JOPPA Road, JOPPA, MD 21085
      View Details
    • $345,000

      Land in Joppa, Maryland

      Residential land lot available for custom home in Joppa.
      812 OLD JOPPA Road, JOPPA, MD 21085
      View Details
    • $355,000

      Land in Joppa, Maryland

      Residential land for custom home in convenient Joppa location.
      818 OLD JOPPA Road, JOPPA, MD 21085
      View Details
    • $600,000

      Joppa Land with Development Potential

      12.23 acres in Joppa, MD, with subdivision potential.
      3703 CLAYTON RD, JOPPA, MD 21085
      View Details
    • $549,900

      Scenic Acreage in Joppa, MD

      20.59 acres of premium land for recreation and agriculture.
      3515-B CLAYTON Road, JOPPA, MD 21085
      View Details
    • $475,000

      Prime Redevelopment Site I-95 Access

      Excellent development opportunity off I-95 in Harford County.
      1507 OLD MOUNTAIN Rd S, Joppa, MD 21085
      View Details
    • $158,000

      Wooded Land with Creek and Pond

      3.80-acre wooded parcel with creek and pond near Baltimore.
      ROUTE 152, JOPPA, MD 21085
      View Details
    • $65,000

      Land For Sale in Joppa

      Land available in Joppa, Maryland.
      ROMNEY Road, JOPPA, MD 21085
      View Details
    • $475,000

      Commercial

      1507 Old Mountain Rd S, JOPPA, MD 21085
      View Details
    • $375,333

      1.2 Acre Zoned B3 Land

      1.2 acres, B3 zoning, suitable for contractors/landscapers.
      1129 Clayton Rd, JOPPA, MD 21085
      View Details
    • $97,900

      Land For Sale in Joppa

      0.0689 acre lot in Harford County, Maryland.
      611 PHILADELPHIA Rd, Joppa, MD 21085
      View Details

    FAQs

    What type of property is this?
    Flex space - Two buildings on 2.61 acres with expansion potential.
    Where is this flex space located?
    The property is located at 703-705A 703-705a Philadelphia Rd Joppa, MD.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 2.61 acres of contiguous industrial land with development potential.; C‑1 (Commercial Industrial) zoning allows for a variety of uses.; Excellent opportunity for investors, owner‑users, or speculative development.
    (443) 318-8800
    We can help!
    Listing Contact
    JASON S LUSBY
    Real Estate License ID: 597833
    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

    Thank You for Inquiry
    703-705A 703-705a Philadelphia Rd, JOPPA, MD 21085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!