Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Bel Air Office Space Title is generated by Realmo AI

    1703 Emmorton Road / 2 Patterson Mill Road Bel, Bel Air, MD 21015

    View on Map
    Claim this Listing
    For Lease
    $31 SF/Yr $95,066/Mo (calc)

    New construction office building in Bel Air's core market.

    Type:Medical, Office
    Property size:
    36,800 SF
    Added:
    Apr 3, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 3 at 4:56 am

    Property Features for 1703 Emmorton Road / 2 Patterson Mill Road Bel

    General Information

    Standard status
    Active
    Size
    36,800 SF
    Property subtype
    Medical, Office

    We can help!

    Listing Contact
    Sean Langford
    Sean Langford

    Listing agent Sean Langford

    Listing office MacKenzie Commercial Real Estate - Corporate

    Listing date Apr 3, 2026

    Source Mackenziecommercial

    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 - Corporate

    HighLights

    • Newly constructed professional building.
    • Ideal for medical/office tenants.
    • Up to 36,800 sf available for lease.
    • Centrally located within Bel Air's core office market.
    • Surrounded by numerous shops, restaurants, banking and service establishments.
    • Immediate access to Route 924 (Emmorton Road) and easy access to Route 24 and I‑95.

    Overview

    This newly constructed professional building offers up to 36,800 square feet of leasable space across two levels. Ideally suited for medical and office tenants, the property is centrally located within Bel Air's core office market and surrounded by various shops, restaurants, banking facilities, and service establishments. The building provides immediate access to Route 924 (Emmorton Road) and convenient access to Route 24 and I-95.
    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 Auto Repair Shop Hair Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3097688
    Latitude
    39.5079668

    Nearby Similar for Lease

    • $3,600/Mo
      2,030 SF

      Turnkey Office in Downtown Bel Air

      Upper level office space in a prime downtown location.
      307 S MAIN Street, BEL AIR, MD 21014
      View Details
    • $3,600/Mo
      1,760 SF

      Turnkey Restaurant Space in Bel Air

      Second generation pizza restaurant/carryout space available for lease.
      426 S MAIN Street, BEL AIR, MD 21014
      View Details
    • $2,011/Mo
      1,270 SF

      Downtown Bel Air Retail/Office Center

      Multi-tenant retail and office center in downtown Bel Air.
      426 S MAIN Street, BEL AIR, MD 21014
      View Details
    • $2,106/Mo
      1,330 SF

      Downtown Bel Air Retail/Office Center

      Multi-tenant retail and office center in prime downtown location.
      426 S MAIN Street, BEL AIR, MD 21014
      View Details
    • $1,800/Mo

      Renovated Office Space in Bel Air

      Newly renovated office space with open floor plan in Bel Air.
      909 S MAIN Street, BEL AIR, MD 21014
      View Details
    • $2,011/Mo
      1,270 SF

      Downtown Retail and Office Center

      Multi-tenant retail and office center in a prime downtown location.
      426 S MAIN St 202, Bel Air, MD 21014
      View Details
    • $32 SF/Yr
      2,997 SF

      Retail End Cap in Bel Air

      2,997 SF retail space in downtown Bel Air.
      306 S. Main Street Bel, Air, MD 21014
      View Details
    • $2,000/Mo

      Bel Air Office/Medical Suite

      Move-in-ready office/medical suite in the heart of Bel Air.
      602 S ATWOOD Road, BEL AIR, MD 21014
      View Details
    • $22 SF/Yr
      1,326 SF

      Retail/Office Space in Bel Air

      1,326 SF end cap space suitable for retail or office.
      2208 Old Emmorton Road Bel, Air, MD 21015
      View Details
    • $1,800/Mo

      Renovated Bel Air Office Space

      Completely renovated office space in ideal Bel Air location.
      909 S MAIN St, Bel Air, MD 21014
      View Details
    • $1,600/Mo
      1,200 SF

      End Unit Office Space Available

      Office unit for rent near Bel Air High School.
      331 Kenmore Ave, BEL AIR, MD 21014
      View Details
    • $1,600/Mo
      1,200 SF

      End Unit Office Space Available

      Approximately 1200 sq ft office space for rent.
      331 KENMORE Ave, Bel Air, MD 21014
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - New construction office building in Bel Air's core market.
    Where is this medical office space located?
    The property is located at 1703 Emmorton Road / 2 Patterson Mill Road Bel Bel Air, MD.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Newly constructed professional building.; Ideal for medical/office tenants.; Up to 36,800 sf available for lease.
    (443) 573-3218
    We can help!
    Listing Contact
    Sean Langford
    Sean Langford
    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
    1703 Emmorton Road / 2 Patterson Mill Road Bel, Air, MD 21015
    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!