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    1917-1925 Joppa Rd Parkville, MD 21234
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    1917-1925 Joppa Rd Parkville, MD 21234

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    • Neighborhood centers
    • 9,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1917-1925 Joppa Rd

    Property size
    9,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 9,000 square foot retail space is available for lease at 1917-1925 E Joppa Road in Parkville, Maryland, within Baltimore County. The property is a single-tenant strip center, offering a blank canvas for a wide range of retail businesses. The entire 9,000 square feet is currently vacant, providing an unparalleled opportunity for a business seeking significant space in a high-traffic location. The address is conveniently situated on E Joppa Road, ensuring excellent visibility and accessibility for customers. The property's location in Parkville, Maryland, offers a strong demographic base and proximity to residential areas, promising a robust customer catchment. This presents a unique chance to establish a prominent retail presence in a thriving community. The building's size and layout are ideal for a variety of retail concepts, from large-format stores to multiple smaller businesses under one roof. The property is classified as a retail strip center, offering ample parking and convenient access for customers. Serious inquiries are encouraged to explore this prime retail opportunity in a desirable Baltimore County location. The property is zoned for retail use and is ready for immediate occupancy. This is a rare chance to secure a substantial retail space in a high-demand area. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parkville
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5485
    Latitude
    39.3997

    Comparable in this City

    • Value Estimation
      $3,735,000
      22,327 SF

      9613 Harford Rd

      SHOPPING CENTER, STRIP CENTER • 22,327 SF
      9613 Harford Rd, Baltimore, MD 21234-2150
      View Details
    • Value Estimation
      $780,000
      6,000 SF

      3301 Joppa Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      3301 Joppa Rd, Parkville, MD 21234-3396
      View Details
    • Value Estimation by Request
      6,100 SF

      8035 Harford Ave

      Retail properties & Spaces • 6,100 SF
      8035 Harford Ave, Parkville, MD 21234
      View Details
    • Value Estimation
      $24,765,000
      111,000 SF

      2331 Cleanleigh Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 111,000 SF
      2331 Cleanleigh Dr, Baltimore, MD 21234-6807
      View Details
    • Value Estimation by Request
      12,123 SF

      6904 Harford Rd

      Day care centers • 12,123 SF
      6904 Harford Rd, Baltimore, MD 21234
      View Details
    • Value Estimation
      $13,815,000
      111,204 SF

      1400 Taylor Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 111,204 SF
      1400 Taylor Ave, Baltimore, MD 21234-5946
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,209 SF

      Retail Space on Harford Road

      2,029 SF retail space available for sale.
      7201 Harford Rd, Baltimore, MD 21234
      View Details
    • $2,545,000
      16,800 SF

      Retail Property on Joppa Road

      Fully leased retail property in a high-traffic Baltimore location.
      1836-1842 E Joppa Rd, Baltimore, MD 21234
      View Details
    • $1,590,000
      6,100 SF

      Parkville Retail Center: Prime Investment

      High-traffic retail strip, excellent location.
      8035 Harford Ave, Parkville, MD 21234
      View Details
    • $475,000

      Retail/Office Property with High Traffic

      Rezoned retail/office property with high traffic count.
      1807 Joppa Rd, Parkville, MD 21234
      View Details
    • Contact for pricing

      Harford Road Retail Investment Opportunity

      C-1 zoned commercial property with three leasable spaces.
      7201 Harford Rd, Baltimore, MD 21234
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Two-Story Office/Retail Building

      Two-story office/retail building with finished basement, currently fully leased.
      8314 Harford Rd, Parkville, MD 21234
      View Details
    • Contact for pricing
      2,663 SF

      Retail Space in Nottingham, MD

      Retail property available for lease in Nottingham, Maryland.
      4130-4132 E Joppa Rd, Nottingham, MD 21234
      View Details
    • Contact for pricing

      Retail Land for Lease

      15-acre retail land available for single tenant lease.
      1906-1940 E Joppa Rd, Parkville, MD 21234
      View Details
    • Contact for pricing

      Retail Space in Parkville Center

      Retail space available in a busy Parkville shopping center.
      2023-2053 E Joppa Rd, Parkville, MD 21234
      View Details
    • Contact for pricing
      1,034 SF

      Community Retail Space Available

      Retail space in an established shopping center, remodeling underway.
      1700-1720 Joan Ave, Towson, MD 21234
      View Details
    • Contact for pricing
      24,161 SF

      Retail Space in Renovated Plaza

      Grocery-anchored power center with easy access and great visibility.
      1951-1969 E Joppa Rd, Baltimore, MD 21234
      View Details
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    Parkville, MD 21234
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1917-1925 Joppa Rd, Parkville, MD, 21234
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