Industrial Land with Two
For Sale
$495,000
703705 PHILADELPHIA ROAD, Joppa, MD 21085
C-1-zoned property offers open yard space, existing improvements, and access to major regional routes.
Property Size3,214 SF
Price / SF$154.01
Days on Market182
Property Features for 703705 PHILADELPHIA ROAD
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$4,229
Amenities
A/C - Other
3
Parking.
Driveway, Lot.
Building Details
Year Built
1939
Listing Agency:
Keller Williams Gateway LLC
(410) 960-0858
Listed By:
Jason Lusby · License #597833
(410) 960-0858
Source:
Xome
Added: Feb 10
Changed: Aug 9
Last Checked: Aug 11 at 4:59AM
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 C-1-zoned industrial land offering includes two buildings with a combined 3,214± square feet on approximately 2.61 acres. The site is largely open and treeless, with expansive yard space and existing parking and driveway areas. Building conditions are described as average to below average, and the property is offered strictly as-is.
The sale conveys two tax parcels together: 703 Philadelphia Rd. and 705-A Philadelphia Rd. Access is available to Mountain Road, Pulaski Highway (US-40), I-95, and Joppa Road. The property is served by one active septic/holding system at 705-A; the second system serving 703 may require overhaul, replacement, sewer hookup, or alternative technology depending on intended use. Additional parking, outdoor storage, or future building expansion are identified as potential site considerations, subject to verification of zoning, environmental conditions, highway requirements, and contemplated use.
The sale conveys two tax parcels together: 703 Philadelphia Rd. and 705-A Philadelphia Rd. Access is available to Mountain Road, Pulaski Highway (US-40), I-95, and Joppa Road. The property is served by one active septic/holding system at 705-A; the second system serving 703 may require overhaul, replacement, sewer hookup, or alternative technology depending on intended use. Additional parking, outdoor storage, or future building expansion are identified as potential site considerations, subject to verification of zoning, environmental conditions, highway requirements, and contemplated use.
Key Highlights
- Approximately 2.61 acres of C‑1‑zoned industrial land
- Two buildings totaling 3,214± square feet
- Two tax parcels conveyed together: 703 Philadelphia Rd. and 705‑A Philadelphia Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,800
$390.8K
Cap Rate 7%
$279,143
$279.1K
Cap Rate 9%
$217,111
$217.1K
Market Conditions
NOI Build-Up for 3,214 SF
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.
Gross rent
$28.9K $9.00/SF
− Vacancy
−$1.0K −$0.32/SF
EGI
$27.9K $8.69/SF
− OpEx
−$8.4K −$2.61/SF
NOI
$19.5K $6.08/SF
Area
Harford County, MD
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,800
Cap Rate 7%
$279,143
Cap Rate 9%
$217,111
Alternative Uses
Best Use
Industrial
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 21085, MD
17,142
Population
7,073
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
19.0 sq mi
ZIP Area
902
Density / Sq Mi
$107,975
Median Household Income
$63,132
Median Earnings
$1,593
Median Rent
$327,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - C-1-zoned property offers open yard space, existing improvements, and access to major regional routes.
Where is this industrial land located?
The property is located at 703705 PHILADELPHIA ROAD 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: Approximately 2.61 acres of C‑1‑zoned industrial land; Two buildings totaling 3,214± square feet; Two tax parcels conveyed together: 703 Philadelphia Rd. and 705‑A Philadelphia Rd.
