Retail Redevelopment Site with Road
2101 Bel Air Road Fallston, MD 21047
2101 Bel Air Road, Fallston, MD, 21047
$1,490,000
For Sale
$1,490,000
Tenant-occupied retail building on a level lot with 173 feet of road frontage, plus additional vacant units.
Property Size5,934 SF
Lot Size0.93 Acres
Price / SF$251.10
Days on Market1165
Property Features for 2101 Bel Air Road
General Information
- Standard status
- Active
- Size
- 5,934 SF
- Lot size
- 0.93 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
MJL Realty LLC
(410) 804-7520
Listed by
James P Leyh · License #530717
Source
Deepcreeklake
Added: May 15, 2023 Updated: Jul 21 at 4:10PM Checked: Jul 21 at 4:10PM
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 MJL Realty LLC
Investment Insights
Based on property information with market context.
The property is an existing retail building set on a level lot, offering a redevelopment option for buyers looking to utilize the current structure or raise it for new development. The current building contains 5,934 square feet and is tenant occupied in short-term leases, with approximately $3,100 per month in income. In addition to the occupied space, there are three other vacant units that could be leased at the purchaser’s discretion, depending on approvals.
Located on highly traveled Bel Air Rd in a highly developed area in the Heart of Fallston, the site has 173 feet of road frontage and extends 235 feet deep. The property is described as being within CI Zoning.
The combination of tenant-occupied income, vacant units, and substantial road frontage supports multiple redevelopment and leasing approaches, subject to permitting and the purchaser’s plans.
Located on highly traveled Bel Air Rd in a highly developed area in the Heart of Fallston, the site has 173 feet of road frontage and extends 235 feet deep. The property is described as being within CI Zoning.
The combination of tenant-occupied income, vacant units, and substantial road frontage supports multiple redevelopment and leasing approaches, subject to permitting and the purchaser’s plans.
Key Highlights
- 0.93‑acre level lot on highly traveled Bel Air Rd with 173 ft road frontage and 235 ft depth
- CI‑zoned redevelopment site in a developed area in the Heart of Fallston
- Existing tenant‑occupied retail building with 5,934 SF (built in 1978)
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 | $128.2k | $21.60 |
| − Vacancy | −$8.2k | −$1.38 |
| EGI | $120.0k | $20.22 |
| − OpEx | −$36.0k | −$6.07 |
| NOI | $84.0k | $14.15 |
5,934 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,989 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,155 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MartinoBlum
Marketing & Advertising
Makhome Kitchens & Bath ...
Building Supply
Tom Fargo & Associates
Tax Preparation
Elite Body
Gym & Fitness Center
Baltimore Home Rentals
Real Estate Agency
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FAQs
What type of property is this?
Strip mall - Tenant-occupied retail building on a level lot with 173 feet of road frontage, plus additional vacant units.
Where is this strip mall located?
The property is located at 2101 Bel Air Road Fallston, MD.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 0.93‑acre level lot on highly traveled Bel Air Rd with 173 ft road frontage and 235 ft depth; CI‑zoned redevelopment site in a developed area in the Heart of Fallston; Existing tenant‑occupied retail building with 5,934 SF (built in 1978)
