Mixed-Use Property with Solar
For Sale
$399,000
8903 HARFORD ROAD, Baltimore, MD 21234
Multiple entrances and on-site parking support combined business and residential use.
Property Size2,200 SF
Price / SF$181.36
Days on Market16
Property Features for 8903 HARFORD ROAD
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$3,722
Amenities
solar panels
Central Air
3
Parking.
Private, Lot.
1.00 x
Building Details
Year Built
1925
Listing Agency:
(703) 969-2883
Listed By:
Samson Properties
(703) 969-2883
Source:
Xome
Added: Jul 27
Changed: Aug 10
Last Checked: Aug 11 at 5:34AM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 1925, this 2200-square-foot mixed-use property offers a layout suited to both commercial activity and residential living. Four separate entrances provide distinct access points, while central air serves the interior. Solar panels are installed on the property, and parking is available on site.
Located at 8903 HARFORD ROAD in BALTIMORE, Maryland, the property includes more than 10 parking spaces. Its combination of business and residential functionality creates a flexible setting for an owner-occupant or other permitted mixed-use arrangement.
Located at 8903 HARFORD ROAD in BALTIMORE, Maryland, the property includes more than 10 parking spaces. Its combination of business and residential functionality creates a flexible setting for an owner-occupant or other permitted mixed-use arrangement.
Key Highlights
- 2200 square feet of mixed‑use property
- Four entrances provide separate access points
- More than 10 on‑site parking spaces
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
$30,586
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
7.67%
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%
$611,720
$611.7K
Cap Rate 7%
$436,943
$436.9K
Cap Rate 9%
$339,844
$339.8K
Market Conditions
NOI Build-Up for 2,200 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
$48.8K $22.20/SF
− Vacancy
−$8.1K −$3.66/SF
EGI
$40.8K $18.54/SF
− OpEx
−$10.2K −$4.63/SF
NOI
$30.6K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$611,720
Cap Rate 7%
$436,943
Cap Rate 9%
$339,844
Alternative Uses
Best Use
Office B
$436.9K
$382.3K – $509.8K
NOI $30,586 @ 7.0% cap · market cap 7.67%
Second Best
Mixed Use
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$527.1K
$461.2K – $614.9K
NOI $36,894 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
Median Home Value
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple entrances and on-site parking support combined business and residential use.
Where is this mixed-use property located?
The property is located at 8903 HARFORD ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2200 square feet of mixed‑use property; Four entrances provide separate access points; More than 10 on‑site parking spaces
