Neighborhood Retail Strip
8035 Harford Parkville, MD 21234
8035 Harford, Parkville, MD, 21234
$1,590,000
Pending
For Sale
$1,590,000
Pending
Three-unit strip center with newly renovated and well-maintained spaces, abundant lighted pylon signage, and two parking lots.
Property Size6,100 SF
Days on Market771
Property Features for 8035 Harford
General Information
- Standard status
- Pending
- Size
- 6,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing agency
Keller Williams Gateway LLC
(443) 318-8800
Listed by
Jason Lusby · License #597833
Source
Xome
Added: Jun 12, 2024 Updated: Jul 22 at 1:17AM Checked: Jul 22 at 3:53AM
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 3-unit neighborhood retail strip center features a mix of newly renovated and very well-maintained spaces. The offering includes an owner-occupied 3,100 sf unit that can be delivered vacant for an owner-user, creating flexibility for a purchaser who wants to occupy one portion while leasing the remainder.
The property is served by two parking lots with abundant parking and includes lighted pylon signage facing both directions on Harford Rd, where a bus stop is nearby.
Showings are by appointment only with 24 hours advance notice on business days. A financial breakdown is available with NDA.
The property is served by two parking lots with abundant parking and includes lighted pylon signage facing both directions on Harford Rd, where a bus stop is nearby.
Showings are by appointment only with 24 hours advance notice on business days. A financial breakdown is available with NDA.
Key Highlights
- 3‑unit neighborhood retail strip center with a mix of newly renovated and well‑maintained spaces
- 3,100 SF unit is owner occupied and can be delivered vacant for an owner‑user
- Lighted pylon signage facing both directions on heavily trafficked Harford Rd, with a bus stop nearby
Local Financial Insights For Retail
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 | $131.8k | $21.60 |
| − Vacancy | −$8.4k | −$1.38 |
| EGI | $123.3k | $20.22 |
| − OpEx | −$37.0k | −$6.07 |
| NOI | $86.3k | $14.15 |
6,100 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,338 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.18M
$51.78M – $69.05M
NOI $4,142,740 @ 7.0% cap · market cap 260.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Three-unit strip center with newly renovated and well-maintained spaces, abundant lighted pylon signage, and two parking lots.
Where is this strip mall located?
The property is located at 8035 Harford Parkville, MD.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 3‑unit neighborhood retail strip center with a mix of newly renovated and well‑maintained spaces; 3,100 SF unit is owner occupied and can be delivered vacant for an owner‑user; Lighted pylon signage facing both directions on heavily trafficked Harford Rd, with a bus stop nearby
