Medical Office with Shared
New
For Sale
Contact for pricing
124 SLADE AVENUE, Baltimore, MD 21208
Two private rooms connect to shared reception, lobby seating, and separate patient and staff restrooms.
Property Size34,280 SF
Price / SF$0.06
Days on Market2
Property Features for 124 SLADE AVENUE
General Information
Standard status
Active
Size
34,280 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Furnished
No
Property Use
Medical Office
Amenities
shared reception area
front office
lobby seating
separate patient and staff bathrooms
secured building
attractive lobby
Building Details
Year Built
1987
Listing Agency:
Allfirst Realty, Inc.
(443) 320-1344
Listed By:
Russ Dukan · License #5005187
(443) 760-7543
Source:
Cummingsrealtors
Added: Oct 28
Last Checked: Oct 28 at 2:50PM
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 Allfirst Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two private rooms are available within an approximately 1,700-square-foot medical office at 124 Slade Avenue, Suite 210. The shared layout includes a reception area, front office, lobby seating, and separate bathrooms for patients and staff. One room has a sink and cabinetry; both are unfurnished. The building, constructed in 1987, has a secured entrance, elevator access, and parking.
The Pikesville address offers access to major routes. The space is offered for sublease.
The Pikesville address offers access to major routes. The space is offered for sublease.
Key Highlights
- Two private rooms available within an approximately 1,700‑square‑foot medical office
- Shared reception area, front office, and lobby seating
- Separate patient and staff bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$476,586
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,531,720
$9.5M
Cap Rate 7%
$6,808,371
$6.8M
Cap Rate 9%
$5,295,400
$5.3M
Market Conditions
NOI Build-Up for 34,280 SF
Gross rent
$761.0K $22.20/SF
− Vacancy
−$125.6K −$3.66/SF
EGI
$635.4K $18.54/SF
− OpEx
−$158.9K −$4.63/SF
NOI
$476.6K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,531,720
Cap Rate 7%
$6,808,371
Cap Rate 9%
$5,295,400
Alternative Uses
Best Use
Healthcare Medical
$7.10M
$6.21M – $8.28M
NOI $496,841 @ 7.0% cap · market cap 22,583.68%
Second Best
Office B
$6.81M
$5.96M – $7.94M
NOI $476,586 @ 7.0% cap · market cap 21,663.00%
Theoretical Best
Office A
$8.21M
$7.19M – $9.58M
NOI $574,877 @ 7.0% cap · market cap 26,130.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21208, MD
35,007
Population
16,397
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$90,822
Median Household Income
$55,620
Median Earnings
$1,672
Median Rent
$313,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Baltimore, MD
Similar Off Market Nearby
- Pikesville Animal Hospital — 1496 Reisterstown Rd #111, Pikesville, MD 21208
- Stevenson Village Veterinary Hospital — 46 E Sudbrook Ln, Baltimore, MD 21208
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two private rooms connect to shared reception, lobby seating, and separate patient and staff restrooms.
Where is this medical office space located?
The property is located at 124 SLADE AVENUE Baltimore, MD.
What are key features of this property?
This property features: Two private rooms available within an approximately 1,700‑square‑foot medical office; Shared reception area, front office, and lobby seating; Separate patient and staff bathrooms
