Back to Search
Newly Constructed Retail Center

5960 BELAIR Rd Baltimore, MD 21206

5960 BELAIR Rd, Baltimore, MD, 21206
$4,050,000
For Sale
Claim this Listing
$4,050,000

Shadow-anchored retail center 100% pre-leased to national tenants.

Property Size12,800 SF
Price / SF$316.41
AddedApr 24
Days on Market84
Last RefreshJul 16 at 11:20 am

Property Features for 5960 BELAIR Rd

General Information

Standard status
Active
Size
12,800 SF
Property subtype
Commercial

Building Details

Year Built
2016

Listing office Cummings & Co. Realtors

Listing date Apr 24, 2026

Source Elliman

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 Cummings & Co. Realtors


Investment Insights

Based on property information with market context.

The offering is the fee simple interest in Belair Crossing, a newly constructed 12,800 square foot retail center located in Baltimore City, Maryland. Constructed in the Fall of 2015, the center was 100% pre-leased to PNC and Dollar Tree. Both tenants have recently executed their first five-year renewal option after a successful 10-year initial term. The Property benefits from its co-tenancy with Dunkin and the newly constructed and anticipated LIDL Supermarket. The location has a walk score of 61, indicating it is somewhat walkable, a transit score of 50, indicating good transit, and a bike score of 36, indicating it is somewhat bikeable.

Key Highlights

  • 100% Leased Retail Center providing immediate income
  • Strong Tenant Roster anchored by PNC and Dollar Tree, both having exercised renewal options
  • Newly Constructed in 2016, minimizing immediate capital expenditure needs

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 $230.4k $18.00
− Vacancy −$24.2k −$1.89
EGI $206.2k $16.11
− OpEx −$61.9k −$4.83
NOI $144.3k $11.28
12,800 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$2.06M
$1.80M – $2.41M (±1% cap)
NOI $144,346 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.69M
$2.36M – $3.14M (±1% cap)
NOI $188,569 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Real Estate Agency Law Firm Dental Office HVAC Service Gym & Fitness Center Building Supply Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Gardenville Shopping Center — Belford Shopping Center, 4214 Frankford Ave, Baltimore, MD 21206

FAQs

What type of property is this?
Shopping center - Shadow-anchored retail center 100% pre-leased to national tenants.
Where is this shopping center located?
The property is located at 5960 BELAIR Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: 100% Leased Retail Center providing immediate income; Strong Tenant Roster anchored by PNC and Dollar Tree, both having exercised renewal options; Newly Constructed in 2016, minimizing immediate capital expenditure needs
Contact an agent
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