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    The Largest CRE Database in the US with Over 1 Million Listings

    325 Hospital Dr, Unit 209ST Glen Burnie, MD 21061

    Sponsored
    For Lease
    $3,000 /Mo

    CommercialLease - GLEN BURNIE, MD

    Type:Office
    Property size:
    1,800 SF
    Days on Market:
    2
    Last Refresh:
    Feb 19 at 1:06 pm

    Property Features for 325 Hospital Dr

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    85
    Parking features
    Parking Lot
    Size
    1,800 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Number of units
    1
    Building materials
    Block

    We can help!

    Listing Contact
    Jacques M Thimothee
    Jacques M Thimothee

    Exit Bennett Realty (301) 459-5040

    Listing agent Jacques M Thimothee (617) 510-2504 License #646658

    Listing date Feb 18, 2026

    MLS# MDAA2136950

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Medical Office Condo

    This modern shared medical office condo offers 1,800 square feet of office space within a professional building, ideally suited for physicians or healthcare providers seeking a turnkey space. The suite includes private examination or consultation rooms, along with access to a shared procedure room equipped for minor procedures. A professional receptionist is available to greet patients, manage scheduling, and handle front-desk duties. The space features a welcoming waiting area and shared restrooms, all maintained to a high standard. The property is conveniently located near a major hospital and highways in Glen Burnie, Maryland, presenting an excellent opportunity for practitioners looking to join a collaborative medical environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ceccarelli Leoncio A MD Physician Ginecólogo Gina Physician ochaney dr Physician Cager Sharon Employment Agency Neuro Diagnostic Center: ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animal Hospital at Southgate, Croydon Pet Hospital, Alpha Veterinary Center, Animal Clinic of Southgate

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.62666
    Latitude
    39.13975

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    FAQs

    What type of property is this?
    Medical office - Shared medical office space in Glen Burnie, MD.
    Where is this medical office located?
    The property is located at 325 Hospital Dr, Unit 209ST Glen Burnie, MD.
    What are key features of this property?
    This property features: - Turnkey medical office condo, ready for immediate occupancy.; - Shared procedure room equipped for minor procedures.; - Professional receptionist services included.
    (617) 510-2504
    Request Owner's contact information
    325 Hospital Dr, Unit 209ST Glen Burnie, MD 21061
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    Glen Burnie, MD 21061
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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
    325 Hospital Dr, Unit 209ST Glen Burnie, MD 21061
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    We can help!
    Listing Contact
    Jacques M Thimothee
    Jacques M Thimothee
    Real Estate License ID: 646658
    (617) 510-2504 (301) 459-5040
    Learn more
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