Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Image Office/Medical Campus For Rent Title is generated by Realmo AI

    9920 Franklin Square Dr, Nottingham, MD 21236

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office/medical campus in White Marsh business community, close to I-95.

    Type:Office
    Added:
    Oct 22, 2024
    Days on Market:
    568
    Last Refresh:
    Mar 16 at 10:32 am

    Property Features for 9920 Franklin Square Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 9920 Franklin Square Dr Contact us

    Suite 240 $24 /Mo

    Size
    1,848 SF
    Type
    Office
    Corner unit offering excellent window line that will be built to specifications with...
    show more
    Contact us

    Suite 140 $19 /Mo

    Size
    3,920 SF
    Type
    Office
    Modern office design with seven private offices, large board/training room, full...
    show more
    Contact us

    Suite 200 $19 /Mo

    Size
    3,214 SF
    Type
    Office
    I-95 signage opportunity with a lease of Suite 200 allowing for visibility/branding...
    show more
    Contact us

    Suite 235 $19 /Mo

    Size
    3,066 SF
    Type
    Office
    Currently a generally open concept plan with three offices & conference room. The...
    show more
    Contact us

    We can help!

    Listing Contact
    Adam Meissner

    Listing agent Adam Meissner License #MD 637802

    Listing office DBM Real Estate Group, LLC

    Listing date Oct 22, 2024

    Source Crexi

    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 DBM Real Estate Group, LLC

    HighLights

    • Strategic location off I‑95 & Campbell Blvd, providing easy access.
    • Walkable to over 2 million square feet of retail amenities.
    • Located in the heart of the White Marsh Business Community.
    • Sits at the epicenter of an established medical destination.
    • Proximity to MedStar Franklin Square Hospital, Kaiser Permanente’s White Marsh Medical Center, & Johns Hopkins Health and Surgery Center.
    • Minutes to I‑95, I‑695, Rt.43, Rt 40 & Rt 7.

    Overview

    Franklin Ridge is an office and medical campus situated in the White Marsh Business Community. The location is near I-95 and Campbell Blvd, providing accessibility for employees, customers, and patients. The property is within walking distance of over 2 million square feet of retail amenities and is located among residential and senior housing. The location is near I-95, I-695, Rt.43, Rt 40, and Rt 7. The building is centrally located within an established medical destination for the surrounding communities and is within miles of MedStar Franklin Square Hospital, Kaiser Permanente’s White Marsh Medical Center, and Johns Hopkins Health and Surgery Center.
    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

    • Petco Vaccination Clinic — 5263 Campbell Blvd, Nottingham, MD 21236

    Location Insight

    • Map
    • Local Demand
    City
    Nottingham
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4613687
    Latitude
    39.3686565

    Nearby Similar for Lease

    • $11,750/Mo

      Prime Commercial Space on Belair Road

      High-visibility commercial space with showroom and flexible office configurations.
      8711 BELAIR Road, NOTTINGHAM, MD 21236
      View Details
    • $1,200/Mo

      High-Visibility Commercial Space Available

      Prime commercial space with excellent frontage and exposure.
      6403 BELAIR Road, NOTTINGHAM, MD 21236
      View Details
    • $1,350/Mo

      Available Nottingham Offices For Lease

      Two office spaces available for immediate occupancy in Nottingham, Maryland.
      7701 2nd Floor BELAIR Road, NOTTINGHAM, MD 21236
      View Details
    • $2,950/Mo

      Belair Road Office/Retail Suite

      Second-floor suite with excellent visibility and regional access.
      8441 BELAIR Road, NOTTINGHAM, MD 21236
      View Details
    • $2,000/Mo

      Belair Road Office/Retail Space

      High-visibility 1,360 SF space on Belair Road.
      9309 BELAIR RD, NOTTINGHAM, MD 21236
      View Details
    • $1,200/Mo

      High-Visibility Storefront on Belair Road

      Prime commercial space suitable for retail, office, or service businesses.
      6403 Belair Rd, NOTTINGHAM, MD 21236
      View Details
    • $1,350/Mo

      Available Nottingham Office Units

      Two office units for rent in Nottingham, Maryland.
      7701 2nd Floor Belair Rd #3 & 4, NOTTINGHAM, MD 21236
      View Details
    • $1,200/Mo

      Versatile Commercial Space for Rent

      Expansive lower-level commercial space suitable for various business needs.
      9317 BELAIR Rd, Nottingham, MD 21236
      View Details
    • $1,000/Mo

      Varied Office Spaces Available

      Office spaces for lease with included utilities and amenities.
      9423 Belair Rd, NOTTINGHAM, MD 21236
      View Details
    • $1,200/Mo

      Versatile Commercial Space for Rent

      Expansive lower-level commercial space suitable for various business needs.
      9317 Belair Rd, NOTTINGHAM, MD 21236
      View Details
    • Contact for pricing

      Single-Story Office Park For Rent

      Single-story office park with flexible design and convenient location.
      8007-8023 Corporate Drive White, Marsh, MD 21236
      View Details
    • Contact for pricing

      Office/Retail Spaces in Nottingham, MD

      Two office/retail spaces with parking and easy highway access.
      9608 Belair Road, Nottingham, MD 21236
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office/medical campus in White Marsh business community, close to I-95.
    Where is this medical office space located?
    The property is located at 9920 Franklin Square Dr Nottingham, MD.
    What are key features of this property?
    This property features: Strategic location off I‑95 & Campbell Blvd, providing easy access.; Walkable to over 2 million square feet of retail amenities.; Located in the heart of the White Marsh Business Community.
    (410) 580-0377 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Meissner
    Real Estate License ID: MD 637802
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9920 Franklin Square Dr, Nottingham, MD 21236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!