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    2703 Pulaski Hwy Edgewood, MD 21040

    • Outlet malls
    • 116,650 SF
    • 47.59 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0177535
    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

    • Penske Truck Rental / Truck Rental Agency / Moving Supply Store
    • Garden Center at The Home Depot / Fence Supply Store / Garden Furniture Shop
    • Pro Desk at The Home Depot / Marble Supplier / Millwork Shop
    • Tool & Truck Rental Center at The Home Depot / Truck Rental Agency / Scaffolding Rental Service
    • The Home Depot / Lighting Store / Rug Store

    Property Details for 2703 Pulaski Hwy

    Year built
    2001
    Construction
    BRICK
    Lot size
    47.59 lot acres
    Property size
    116,650 SF
    Zone code
    B3
    Property type
    Outlet malls
    APN
    01-088483
    APU
    1088483

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Edgewood, Maryland. Located at 2703 Pulaski Highway, this property boasts a strategic position adjacent to a thriving Home Depot store, ensuring high visibility and accessibility. The site comprises three parcels totaling approximately 4.1 acres, zoned B-3 (Heavy Commercial), allowing for a wide range of development possibilities. All public utilities are readily available. The zoning permits the construction of up to approximately 40,000 square feet of retail space, or alternatively, a multi-level development could be considered. The property's location near the Aberdeen Proving Grounds growth area further enhances its long-term potential. Individual parcels of approximately 0.95 acres and 2.2 acres are also available separately. This is an ideal location for businesses seeking high traffic exposure and proximity to a major retailer in a rapidly developing area. Don't miss this chance to acquire a significant piece of commercial real estate in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Harford
    State
    Maryland
    Longitude
    -76.2924
    Latitude
    39.4386
    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
    $119,009
    $6,810,600
    $4,108,700
    $10,919,300
    -
    $6,810,600
    $4,108,700
    $10,919,300

    Comparable in this City

    • Value Estimation
      $575,000
      16,792 SF

      1312 Business Ctr Way

      WHOLESALE OUTLET, DISCOUNT STORE • 16,792 SF
      1312 Business Ctr Way, Edgewood, MD 21040-1501
      View Details
    • Value Estimation
      $410,000
      10,000 SF

      1961 Pulaski Hwy

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      1961 Pulaski Hwy, Edgewood, MD 21040-1611
      View Details
    • Value Estimation
      $300,000
      6,010 SF

      625 Edgewood Rd

      SHOPPING CENTER, STRIP CENTER • 6,010 SF
      625 Edgewood Rd, Edgewood, MD 21040-2700
      View Details
    • Value Estimation
      $670,000
      24,080 SF

      1812 Pulaski Hwy

      SHOPPING CENTER, STRIP CENTER • 24,080 SF
      1812 Pulaski Hwy, Edgewood, MD 21040-1697
      View Details
    • Value Estimation
      $315,000
      7,380 SF

      1011 Woodbridge Ctr Way

      SHOPPING CENTER, STRIP CENTER • 7,380 SF
      1011 Woodbridge Ctr Way, Edgewood, MD 21040-3851
      View Details
    • Value Estimation
      $305,000
      7,980 SF

      1010 Edgewood Rd

      SHOPPING CENTER, STRIP CENTER • 7,980 SF
      1010 Edgewood Rd, Edgewood, MD 21040-1600
      View Details

    Similar Nearby for Sale

    • $595,000
      9,200 SF

      Retail Space in Edgewood, Maryland

      New retail space for sale in Edgewood, Maryland.
      505-511 Edgewood Rd, Edgewood, MD 21040
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      0.54 Acres

      Edgewood Retail Space - Pulaski Hwy

      High-traffic retail space, excellent visibility.
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    • $610,000
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      Edgewood Car Wash For Sale

      Operating car wash with real estate, fixtures, and equipment.
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    • $625,000
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      Edgewood Mixed-Use Investment Opportunity

      High-yield property, 5 potential rental units.
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    • $1,200,000
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      Edgewood Commercial Land - 3.56 Acres

      High-traffic Pulaski Hwy location, owner financing available.
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    • $300,711
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      Edgewood Office Complex - Hwy Frontage

      High-traffic location, three connected lots.
      2808 Pulaski Hwy, Edgewood, MD 21040
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    Similar Nearby for Lease

    • Contact for pricing
      1,870 SF

      Dominant Shopping Center Retail Space

      Retail space available in a dominant shopping center.
      2250 Hanson Rd, Edgewood, MD 21040
      View Details
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      Dominant Shopping Center Space

      Shopping center with excellent tenant mix and easy access.
      2204-2250 Hanson Rd, Edgewood, MD 21040
      View Details
    • Contact for pricing

      Retail Space on Pulaski Highway

      Retail space available in Edgewood's major retail corridor.
      1407 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing
      5,414 SF

      Retail Space on Pulaski Highway

      110,000 SF shopping center with high visibility.
      1401 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing
      7,475 SF

      Retail Space in Edgewood Center

      Retail space available in community shopping center on Route 40.
      1851 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $15 SF/Yr
      3,300 SF

      Route 40 Retail/Warehouse Space

      Retail and warehouse space available on Route 40.
      2710 Pulaski Hwy, Edgewood, MD 21040
      View Details
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    Edgewood, MD 21040
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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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