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Property profile & analytics
OFF-MARKET Estimated value $84,435,000
Parking lots & garages

1 Joppa Rd Baltimore, MD 21286-3119

45,599 SF 2.86 ac lot Built 1952
Entity Owned 6-yr Hold Free & Clear
Property ID
US40-1566388
Property summary
AI-generated overview

Circle East, a 240,000 square foot retail strip center in Towson, Maryland, offers exceptional leasing opportunities. Located at 1 E Joppa Rd, zip code 21286, this multi-tenant property boasts 302 parking spaces for ample customer convenience. Currently, 25,552 square feet of retail space is available, divisible into units ranging from a minimum of 1,250 square feet to a maximum contiguous space of 5,200 square feet. Nine individual spaces are currently available for lease, providing flexibility for businesses of various sizes. The property's strategic location in Towson, Baltimore County, ensures high visibility and accessibility for potential tenants. This prime retail location presents a unique opportunity for businesses seeking to establish or expand their presence in a thriving Maryland market. The property's substantial size and ample parking make it an attractive option for a wide range of retail uses. Interested parties are encouraged to inquire about available spaces and lease terms. This is a fantastic opportunity to secure a prominent retail space in a highly desirable location. The property is situated in Baltimore County, Maryland, offering easy access to major transportation routes and a strong customer base.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1952
Construction CONCRETE
Total area 45,599 SF
Lot 2.86 ac (124,582 SF)
APN 09-2300001780
UPID US40-1566388
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pure Barre Gym & Fitness Center
  • Free People Clothing & Fashion Store
  • The Medical Societe Spa & Massage Center Alternative Medicine Practice
  • Slaiid By Glaii Hair Salon
  • Drybar - Towson Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$96.62M
Blend (final) Blend
$84.44M
Owner & transaction history
Towson Circle LLC · 6 yrs held
Towson Circle LLC
since 2019
3 recorded transactions
2019
$285,883
2019
$285,883
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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