Industrial Flex Property with
703-705A PHILADELPHIA Rd Joppa, MD 21085
703-705A PHILADELPHIA Rd, Joppa, MD, 21085
$625,000
For Sale
$625,000
Zoned C-1 and improved with two buildings plus expansive yard on two parcels conveyed together.
Property Size3,214 SF
Lot Size2.61 Acres
Price / SF$194.46
Days on Market87
Property Features for 703-705A PHILADELPHIA Rd
General Information
- Standard status
- Active
- Size
- 3,214 SF
- Lot size
- 2.61 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1939
Listing agency
Keller Williams Gateway LLC
(410) 960-0858
Listed by
Jason S Lusby · License #597833
(410) 960-0858
Source
Elliman
Added: Apr 27 Updated: Jul 21 at 7:26AM Checked: Jul 21 at 7:26AM
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.
Industrial flex property zoned C-1 (Commercial Industrial) featuring two buildings and expansive yard space. The sale includes two tax parcels to be conveyed together: 703 Philadelphia Rd and 705-A Philadelphia Rd. The buildings total 3,214± square feet, and the site includes significant contiguous industrial land that may support additional outdoor parking and outdoor storage, and may offer room for future building expansion. The majority of the site is cleared. Building condition is described as average to below average, and the property is sold strictly AS-IS.
Access is described as convenient to Mountain Road, Pulaski Highway (US-40), I-95, and Joppa Road. The site is served by one active septic/holding system associated with 705-A, with a second system likely requiring overhaul, replacement, or alternative technology depending on intended use (703). Buyer should verify all information with the state and county regarding zoning, environmental, and intended or contemplated use, as the seller makes no representations or warranties as to condition or usability.
Access is described as convenient to Mountain Road, Pulaski Highway (US-40), I-95, and Joppa Road. The site is served by one active septic/holding system associated with 705-A, with a second system likely requiring overhaul, replacement, or alternative technology depending on intended use (703). Buyer should verify all information with the state and county regarding zoning, environmental, and intended or contemplated use, as the seller makes no representations or warranties as to condition or usability.
Key Highlights
- Industrial flex property zoned C‑1 (Commercial Industrial) with two buildings and expansive yard space.
- Two tax parcels conveyed together: 1301100947 (703 Philadelphia Rd.) and 1301103504 (705‑A Philadelphia Rd.), totaling approx. 2.61 acres.
- Combined building size of 3,214± SF (two buildings) on the 2.61‑acre site.
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 6.95%
Second Best
Warehouse
$339.0K
$296.6K – $395.5K
NOI $23,727 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.13M
$989.5K – $1.32M
NOI $79,161 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Zoned C-1 and improved with two buildings plus expansive yard on two parcels conveyed together.
Where is this flex space located?
The property is located at 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: Industrial flex property zoned C‑1 (Commercial Industrial) with two buildings and expansive yard space.; Two tax parcels conveyed together: 1301100947 (703 Philadelphia Rd.) and 1301103504 (705‑A Philadelphia Rd.), totaling approx. 2.61 acres.; Combined building size of 3,214± SF (two buildings) on the 2.61‑acre site.
