Two-Level Brick Office
For Sale
$1,300,000
715 S SHAMROCK Road, Bel Air, MD 21014
Commercial Sale, BEL AIR, MD
Property Size11,000 SF
Lot Size2.04 Acres
Price / SF$118.18
Days on Market157
Property Features for 715 S SHAMROCK Road
General Information
Property type
Other
Property subtype
Office
Parking
30
Parking features
Offsite, Parking Lot
Elementary school district
HARFORD COUNTY PUBLIC SCHOOLS
Middle school district
HARFORD COUNTY PUBLIC SCHOOLS
High school district
HARFORD COUNTY PUBLIC SCHOOLS
Special listing conditions
In Foreclosure
Standard status
Active
Lot size
2.04 Acres
Taxes and HOA fees
Tax Annual Amount
19134
Building Details
Year built
1967
Number of units
1
Building materials
Brick Veneer
Listing Agency:
Exhale Realty LLC
(443) 983-9058
Listed By:
Ericka S Payne · License #619483
(850) 677-1638
Added: Apr 21
Changed: Sep 16
Last Checked: Sep 24 at 4:06AM
MLS# MDHR2054138
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.
Investment Insights
Based on property information with market context.
Located at 715 S Shamrock Road, the property includes a two-level brick building constructed in 1967. The structure contains approximately 11,000 square feet and sits on a 2.04-acre parcel, providing substantial interior and exterior space for office-related use. The property is currently zoned R-O for Residential Office and includes a parking lot with over 30 spaces.
The site occupies a corner location with visibility from the main roads. It is minutes from downtown Bel Air and Interstate 95, providing access to the surrounding Harford County area. Additional land remains outside the building footprint, creating a sizable overall site configuration.
The site occupies a corner location with visibility from the main roads. It is minutes from downtown Bel Air and Interstate 95, providing access to the surrounding Harford County area. Additional land remains outside the building footprint, creating a sizable overall site configuration.
Key Highlights
- Approximately 11,000 square feet in a two‑level brick building
- 2.04‑acre property at 715 S Shamrock Road, Bel Air, MD 21014
- R‑O zoning for Residential Office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,542,420
$1.5M
Cap Rate 7%
$1,101,729
$1.1M
Cap Rate 9%
$856,900
$856.9K
Market Conditions
NOI Build-Up for 11,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$125.4K $11.40/SF
− Vacancy
−$22.6K −$2.05/SF
EGI
$102.8K $9.35/SF
− OpEx
−$25.7K −$2.34/SF
NOI
$77.1K $7.01/SF
Area
Harford County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,542,420
Cap Rate 7%
$1,101,729
Cap Rate 9%
$856,900
Alternative Uses
Best Use
Office B
$1.10M
$964.0K – $1.29M
NOI $77,121 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $270,932 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - R-O zoning, a corner-lot setting, and on-site parking define this office property.
Where is this office building located?
The property is located at 715 S SHAMROCK Road Bel Air, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 11,000 square feet in a two‑level brick building; 2.04‑acre property at 715 S Shamrock Road, Bel Air, MD 21014; R‑O zoning for Residential Office
