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    Prime Commercial Office in Nottingham Title is generated by Realmo AI

    4155 GLEN PARK Road, Nottingham, MD 21236

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    For Sale
    $449,900

    Commercial Sale - NOTTINGHAM, MD

    Type:Office
    Lot size:
    0.20 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    60
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 4155 GLEN PARK Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    8
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3346

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Number of units
    1
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Christopher J Cooke

    Listing agent Christopher J Cooke License #596183

    Listing office Berkshire Hathaway HomeServices Homesale Realty 3500 Boston Street unit: Suite C, Lancaster, MD

    Listing date Mar 23, 2026

    MLS# MDBC2156782

    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.

    HighLights

    • Prime location in the heart of Perry Hall with exceptional exposure and high traffic.
    • Ample private off‑street parking, a rare amenity in a central location.
    • Fully finished lower level with a second reception area, two private offices, and a full bath.
    • Currently operating as a medical office, suitable for healthcare, wellness, or professional uses.
    • Main level features a bright reception area, waiting space, and three treatment rooms.
    • Full kitchen and two half baths on the main level for staff and client convenience.

    Overview

    This commercial office is located in the heart of Perry Hall, offering exposure along a heavily traveled corridor. Currently operating as a medical office, the space is suited for healthcare, wellness, or a range of professional uses. The main level features a reception area and waiting space, along with three treatment rooms. A full kitchen provides convenience for staff, and there are two half baths. The fully finished lower level expands the usable space, featuring a second reception or check-in area, along with two large private offices. A full bath is also located on this level. The property offers ample private off-street parking. Situated steps from Perry Hall Marketplace and Perry Hall North Shopping Center, and surrounded by retail and residential communities, this location provides convenience, foot and vehicle traffic, and business visibility. The lot size is 0.1957 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Family Pet Hospital — 9810 Belair Rd C, Perry Hall, MD 21128

    Location Insight

    • Map
    • Local Demand
    City
    Nottingham
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4631338
    Latitude
    39.4136968

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    FAQs

    What type of property is this?
    Medical Office Space - Highly visible commercial office space suitable for healthcare or professional uses.
    Where is this medical office space located?
    The property is located at 4155 GLEN PARK Road Nottingham, MD.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Prime location in the heart of Perry Hall with exceptional exposure and high traffic.; Ample private off‑street parking, a rare amenity in a central location.; Fully finished lower level with a second reception area, two private offices, and a full bath.
    (443) 802-2728
    We can help!
    Listing Contact
    Christopher J Cooke
    Real Estate License ID: 596183
    Learn More
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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.

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    4155 GLEN PARK Road, NOTTINGHAM, MD 21236
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