Industrial Flex Property with
703-705A 703-705a Philadelphia Rd Joppa, MD 21085
703-705A 703-705a Philadelphia Rd, Joppa, MD, 21085
$495,000
For Sale
$495,000
Two buildings on 2.61 acres with expansion potential.
Property Size3,214 SF
Lot Size2.61 Acres
Price / SF$154.01
Days on Market157
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
Listing agency
KELLER WILLIAMS GATEWAY LLC
(443) 318-8800
Listed by
JASON S LUSBY · License #597833
Source
Corcoran
Added: Feb 15 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:30AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Flex RnD
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 | $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 Uses
Best Use
Flex RnD
$620.3K
$542.7K – $723.7K
NOI $43,419 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.13M
$989.5K – $1.32M
NOI $79,161 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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 $495,000.
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.
