Medical Office Condo with Exam
New
For Sale
$740,000
100-602 S Atwood Rd, Bel Air, MD 21014
The first-floor suite combines patient reception, private rooms, and round-the-clock building access.
Property Size3,098 SF
Price / SF$238.86
Days on Market5
Property Features for 100-602 S Atwood Rd
General Information
Standard status
Active
Size
3,098 SF
Total Parking Spaces
3
Elevators
Yes
Additional Details
Floor
1
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,098
Amenities
ADA-accessible
24-hour access
Building Details
Buildings
1
Listing Agency:
Black Dog Realty, LLC
(443) 550-1455
Listed By:
Eric G. Chamish
(443) 467-3156
Source:
Exprealty
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Dog Realty, LLC
Investment Insights
Based on property information with market context.
This 3,098-square-foot first-floor office condo in the Atwood Professional Building is configured for medical, dental, or professional use. Its layout includes a reception and waiting area, 11 private offices or exam rooms, two restrooms, a computer room, two storage rooms, and a utility closet. A recently installed Amana HVAC system is covered by a transferable 10-year warranty. The elevator-served building provides ADA access and 24-hour entry.
The property is across from UM Upper Chesapeake Medical Center and offers access to I-95. On-site parking is available, with three assigned covered spaces included in the sale. The suite is also available for lease.
The property is across from UM Upper Chesapeake Medical Center and offers access to I-95. On-site parking is available, with three assigned covered spaces included in the sale. The suite is also available for lease.
Key Highlights
- 3,098‑square‑foot first‑floor medical office condo
- 11 private offices or exam rooms, plus reception and waiting space
- Two restrooms, computer room, two storage rooms, and utility closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,632
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,640
$772.6K
Cap Rate 7%
$551,886
$551.9K
Cap Rate 9%
$429,244
$429.2K
Market Conditions
NOI Build-Up for 3,098 SF
Gross rent
$75.8K $24.48/SF
− Vacancy
−$11.5K −$3.70/SF
EGI
$64.4K $20.78/SF
− OpEx
−$25.8K −$8.31/SF
NOI
$38.6K $12.47/SF
Area
Harford County, MD
Vacancy
15.10%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,640
Cap Rate 7%
$551,886
Cap Rate 9%
$429,244
Alternative Uses
Best Use
Healthcare Medical
$551.9K
$482.9K – $643.9K
NOI $38,632 @ 7.0% cap · market cap 5.22%
Second Best
Office B
$310.3K
$271.5K – $362.0K
NOI $21,720 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.09M
$953.8K – $1.27M
NOI $76,304 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,496
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The first-floor suite combines patient reception, private rooms, and round-the-clock building access.
Where is this medical office space located?
The property is located at 100-602 S Atwood Rd Bel Air, MD.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 3,098‑square‑foot first‑floor medical office condo; 11 private offices or exam rooms, plus reception and waiting space; Two restrooms, computer room, two storage rooms, and utility closet
