530 Joppa RdTowson, MD 21286

Property Details for 530 Joppa Rd

Year built

1977

Construction

BRICK

Lot size

0.34 AC

Property size (Sq ft)

6,740 SF

Zone code

RO

Property type

Office buildings

APN

09-0902573510

APU

90902573510

Description

This three-story, 8,240 square foot Class B office building, constructed in 1977, is located at 530 E Joppa Rd, Towson, MD 21286, on a 14,795-acre lot. The property features one elevator, six parking spaces, and offers multiple tenancy options. Currently, 900 square feet of space is available, divisible into units as small as 900 square feet, with a maximum contiguous space of 900 square feet. The building comprises five total suites, with a 10-foot ceiling height. The property boasts excellent street visibility and high traffic volume, situated a short distance from the Beltway. Ideal for medical professionals, the building offers the unique opportunity to lease a single medical office for approximately $500 per month within a coworking environment, sharing common areas such as reception and waiting rooms with other tenants. Property taxes are $1.45 per square foot. The building offers a blend of traditional office space, coworking opportunities, and medical office suites, making it a versatile option for various business needs. The building's location in Towson, Maryland provides easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,363,981

  6.5%

  $1,259,059

  7%

  $1,169,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $424,013

  Geo Method

  $424,013

• Alternative Use

  Use

  Valuation

  Residential

  $1,561,234

  Hospitality

  $1,430,082

  Educational

  $1,189,811

  Medical

  $1,230,730

  Retail

  $1,850,817

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.4014

Longitude

-76.5931

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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