Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    510 Pulaski Hwy Joppa, MD 21085-3702
    Back to Search
    Property profile & analytics

    510 Pulaski Hwy Joppa, MD 21085-3702

    View on Map
    • Office buildings
    • 1,964 SF
    • 2.20 lot acres
    Off-Market
    Last Sale Mar 25, 2024
    $1,375,000
    Property ID
    US40-1231787
    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.
    Value Estimations
    $1,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 510 Pulaski Hwy

    Year built
    1946
    Construction
    BRICK
    Lot size
    2.20 lot acres
    Property size
    1,964 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    01-048414
    APU
    1048414

    Description

    This 2,000 square foot traditional office building, situated on 2.2 acres of land on Route 40, offers 800 square feet of immediately available space. Built in 1946, the property features three large offices, two bathrooms, and ample parking. Enjoy excellent visibility from Route 40, with the option to display your business signage for an additional monthly fee. The location provides easy access to Route 7 and I-95, within five minutes. The monthly rent is $1,600, with a one-year lease minimum. The space is adaptable to your needs; existing furniture can be included or removed. Utilities are tenant responsibility, except for electricity (up to $200/month) and water (up to $200/month) which are covered by the landlord. Heating is oil-based. This is an ideal location for businesses seeking high visibility and convenient access to major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,375,000
      ML approach
      $1,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Joppa
    County
    Harford
    State
    Maryland
    Longitude
    -76.3582
    Latitude
    39.4294
    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
    $6,222
    $430,000
    $142,900
    $572,900
    -
    $430,000
    $142,900
    $572,900

    Comparable in this City

    • Value Estimation
      $605,000
      3,092 SF

      1201 Old Mtn S Rd

      OFFICE BUILDING • 3,092 SF
      1201 Old Mtn S Rd, Joppa, MD 21085
      View Details
    • Value Estimation by Request
      1,200 SF

      1200 Pauls Ln

      OFFICE BUILDING • 1,200 SF
      1200 Pauls Ln, Joppa, MD 21085-3401
      View Details
    • Value Estimation
      $805,000
      8,760 SF

      630 Towne Ctr Dr

      OFFICE BUILDING • 8,760 SF
      630 Towne Ctr Dr, Joppa, MD 21085-4440
      View Details
    • Value Estimation by Request
      2,507 SF

      712 Philadelphia Rd

      OFFICE BUILDING • 2,507 SF
      712 Philadelphia Rd, Joppa, MD 21085-3123
      View Details
    • Value Estimation by Request
      1,600 SF

      604 Pulaski Hwy

      OFFICE BUILDING • 1,600 SF
      604 Pulaski Hwy, Joppa, MD 21085-3930
      View Details
    • Value Estimation by Request
      3,710 SF

      1201 Pauls Ln

      OFFICE BUILDING • 3,710 SF
      1201 Pauls Ln, Joppa, MD 21085-3400
      View Details

    Similar Nearby for Sale

    • $625,000

      Industrial Flex Property with Land

      Two buildings on 2.61 acres with expansion potential.
      703-705A Philadelphia Rd, Joppa, MD 21085
      View Details
    • $375,333

      1.2 Acre Zoned B3 Land

      1.2 acres, B3 zoning, suitable for contractors/landscapers.
      1129 Clayton Rd, Joppa, MD 21085
      View Details
    • $97,900

      Land For Sale in Joppa

      0.0689 acre lot in Harford County, Maryland.
      611 Philadelphia Rd, Joppa, MD 21085
      View Details
    • $705,000
      2,042 SF

      Joppa Commercial Land - Huge Potential

      High-traffic location, 0.84 acres, multiple uses.
      1507 Old Mountain Rd, Joppa, MD 21085
      View Details
    • $355,000
      2.04 Acres

      Land in Joppa, Maryland

      Residential land for custom home in convenient Joppa location.
      818 Old Joppa Rd, Joppa, MD 21085
      View Details
    • New
      $179,500
      3.80 Acres

      Wooded Land with Creek, Pond

      3.8-acre wooded parcel with creek and pond near Baltimore.
      Rte 152, Joppa, MD 21085
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Existing Gas Station For Rent

      Gas station/C store with equipment and fixtures in place.
      Joppatowne, MD 21085
      View Details
    • Contact for pricing
      2 SF

      Land for Lease Joppatowne

      Two acre land parcel available for lease in Joppatowne.
      1015 Magnolia Rd, Joppatowne, MD 21085
      View Details
    • Contact for pricing

      Flex/Warehouse Building on Pulaski Highway

      Single-story flex/warehouse building on 1.12 acres with high visibility.
      706A Pulaski Hwy, Joppa, MD 21085
      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.
    510 Pulaski Hwy
    Joppa, MD 21085-3702
    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

    Thank You for Inquiry
    510 Pulaski Hwy, Joppa, MD, 21085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!