Downtown Office
For Sale
Contact for pricing
11 S Main St, Bel Air, MD 21014
Office building in Bel Air’s business district, currently holding two office leases with Harford County Government.
Property Size17,376 SF
Price / SF$166.90
Days on Market155
Property Features for 11 S Main St
General Information
Standard status
Active
Size
17,376 SF
Property subtype
OFFICE
Listing Agency:
MacKenzie Commercial Real Estate | Bel Air
(443) 573-3217
Listed By:
Thomas "Tom" Mottley
Source:
Moodyscre
Added: Feb 25
Changed: Jul 28
Last Checked: Jul 30 at 10:26AM
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 MacKenzie Commercial Real Estate | Bel Air
Investment Insights
Based on property information with market context.
11–15 S Main St is an office building located in the center of Bel Air, Maryland’s business district. The property has two office leases with Harford County Government.
The building sits within the downtown retail area, placing it in the heart of the community’s commercial core.
This offering is being marketed as a real estate ownership opportunity alongside the existing leased office configuration.
The building sits within the downtown retail area, placing it in the heart of the community’s commercial core.
This offering is being marketed as a real estate ownership opportunity alongside the existing leased office configuration.
Key Highlights
- Office building located in the center of Bel Air, Md’s business district
- Currently has 2 office leases with Harford County Government
- In the downtown retail area of Bel Air
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.1k | $11.40 |
| − Vacancy | −$35.7k | −$2.05 |
| EGI | $162.4k | $9.35 |
| − OpEx | −$40.6k | −$2.34 |
| NOI | $121.8k | $7.01 |
17,376 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,823 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,973 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,141
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
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 - Office building in Bel Air’s business district, currently holding two office leases with Harford County Government.
Where is this office building located?
The property is located at 11 S Main St Bel Air, MD.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Office building located in the center of Bel Air, Md’s business district; Currently has 2 office leases with Harford County Government; In the downtown retail area of Bel Air
