Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2615 Philadelphia Rd Edgewood, MD 21040-1117

    • Commercial land
    • 616 SF
    • 5.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2309173
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 2615 Philadelphia Rd

    Year built
    1963
    Lot size
    5.09 lot acres
    Property size
    616 SF
    Zone code
    GI
    Property type
    Commercial land
    APN
    01-026747
    APU
    1026747

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Harford
    State
    Maryland
    Longitude
    -76.2955
    Latitude
    39.4455
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,341
    $123,000
    $0.00
    $123,000
    -
    $123,000
    $0.00
    $123,000

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      Edgewood, MD 21040

      VACANT COMMERCIAL LAND • 1.50 Acres
      Edgewood, MD 21040
      View Details
    • Value Estimation by Request
      1.00 Acre

      Rte 7th 7

      VACANT COMMERCIAL LAND • 1.00 Acre
      Rte 7th 7, Edgewood, MD 21040
      View Details
    • Value Estimation by Request
      0.38 Acres

      1 Edgewood Rd

      VACANT COMMERCIAL LAND • 0.38 Acres
      1 Edgewood Rd, Edgewood, MD 21040-3303
      View Details
    • Value Estimation by Request
      0.55 Acres

      Hanson Rd

      VACANT COMMERCIAL LAND • 0.55 Acres
      Hanson Rd, Edgewood, MD 21040
      View Details
    • Value Estimation by Request
      22.54 Acres

      Pulaski Hwy

      VACANT COMMERCIAL LAND • 22.54 Acres
      Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Value Estimation by Request
      0.46 Acres

      2806 Pulaski Hwy

      VACANT COMMERCIAL LAND • 972 SF
      2806 Pulaski Hwy, Edgewood, MD 21040-1310
      View Details

    Similar Nearby for Sale

    • $300,711

      Commercial Lots on Pulaski Highway

      3.56 acres of commercial land for sale.
      2808 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $300,000

      Commercial Land on Pulaski Highway

      Land for sale on Route 40 in Edgewood, Maryland.
      1954 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $225,000

      Residential Land Development Opportunity

      Land with development potential in a retail/commercial corridor.
      1071 Sand Pebble Dr, Edgewood, MD 21040
      View Details
    • $300,711

      3.56 Acres Commercial Land Lots

      Three connected commercial lots totaling 3.56 acres on Pulaski Highway.
      2808 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $350,000

      Prime Commercial Land For Sale

      0.91-acre commercial land with high visibility and traffic.
      2707 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing

      Commercial Land Near Aberdeen Proving

      Commercial land with utilities near Aberdeen Proving Grounds.
      2703 Pulaski Hwy, Edgewood, MD 21040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land with great access and visibility for lease.
      1812 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing

      Land For Rent Edgewood

      Land available for rent in Edgewood, Maryland.
      1706 Van Bibber Rd, Edgewood, MD 21040
      View Details
    • $15 SF/Yr
      8,000 SF

      Pulaski Hwy Office Space Available

      850 SF Office, High Visibility Location
      1711 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $15 SF/Yr
      1,000 SF

      Two-Story Office Building For Lease

      23,024 sq ft office building near Aberdeen Proving Ground.
      500 Edgewood Rd, Edgewood, MD 21040
      View Details
    • $2,300,000
      6,226 SF

      Medical Office Building For Sale/Lease

      Medical office building for sale or lease with high traffic.
      1952 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing

      Urgent Care & Primary Care & Pediatric & Family Medicine & Dental & Orthodontic Physical Therapy

      B-2 Zoned Medical / Professional Use Opportunity In high Density and high traffic Signage w/ lots of Parking
      2301 Willoughby Beach Rd, Edgewood, MD 21040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2615 Philadelphia Rd
    Edgewood, MD 21040-1117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.