Leased Retail Building with
12037 BELAIR Road Kingsville, MD 21087
12037 BELAIR Road, Kingsville, MD, 21087
$1,750,000
For Sale
$1,750,000
Commercial Sale - KINGSVILLE, MD
Property Size8,923 SF
Lot Size1.71 Acres
Price / SF$196.12
Days on Market65
Property Features for 12037 BELAIR Road
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 61
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 1.71 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8697
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1959
- Number of units
- 2
- Building materials
- Brick Front, Block, Masonry
Listing agency
Alexander Realty, Inc.
(410) 592-2300
Listed by
James A Frank Jr. · License #614139
(443) 286-1553
Added: May 19 Checked: Jul 22 at 3:06AM
MLS# MDBC2163488
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.
A well-maintained retail building offered for sale, with a main level that is fully leased and additional walk-out lower-level space under the main building used for storage. The property features abundant storefront parking and a large paved parking area in the rear, with access around the building. There are two units, with Unit A at 6,670 SF and Unit B at 2,253 SF. Unit A includes a loading dock capable of accessing tractor and trailers for deliveries.
The site has approximately 226 feet of frontage along Belair Road and includes two curb cuts for easy accessibility. Public remarks note a high traffic count of approximately 22,000 to 28,000 vehicles per day. The property is zoned BL (Business Local) on 1.71 acres, more or less.
The building is described as including a commercial rubber roof that is approximately two years old. The offering is for real estate only.
The site has approximately 226 feet of frontage along Belair Road and includes two curb cuts for easy accessibility. Public remarks note a high traffic count of approximately 22,000 to 28,000 vehicles per day. The property is zoned BL (Business Local) on 1.71 acres, more or less.
The building is described as including a commercial rubber roof that is approximately two years old. The offering is for real estate only.
Key Highlights
- 1.71‑acre commercial property on Belair Road with 226’ frontage and two curb cuts for access
- Zoned BL (Business Local); high traffic count reported at approximately 22,000–28,000 vehicles per day
- Main level is fully leased with storefront parking; walk‑out lower level under the main building used for storage
Local Financial Insights For Retail
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 | $192.7k | $21.60 |
| − Vacancy | −$12.3k | −$1.38 |
| EGI | $180.4k | $20.22 |
| − OpEx | −$54.1k | −$6.07 |
| NOI | $126.3k | $14.15 |
8,923 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.58M – $2.10M
NOI $126,295 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$86.57M
$75.75M – $101.00M
NOI $6,059,946 @ 7.0% cap · market cap 346.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greene's Family Butcher ...
Take-out & Catering
Empower4Life
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail building on Belair Road with two curb cuts, fully leased main level, and loading dock access for deliveries.
Where is this storefront property located?
The property is located at 12037 BELAIR Road Kingsville, MD.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 1.71‑acre commercial property on Belair Road with 226’ frontage and two curb cuts for access; Zoned BL (Business Local); high traffic count reported at approximately 22,000–28,000 vehicles per day; Main level is fully leased with storefront parking; walk‑out lower level under the main building used for storage
