B-2 Zoned Medical / Professional Use Opportunity In high Density and high traffic Signage w/ lots of Parking
Description
Added:
Jan 11, 2026
Days on Market:
7
2301 Lord Willoughby Beach Road presents a compelling leasing opportunity for medical and professional users seeking a highly accessible, B-2 zoned property with strong visibility, patient-friendly access, and long-term operational viability. The zoning framework supports a range of medical and outpatient uses, enabling an efficient path from lease execution to occupancy.
Open to Build to suit for 10+ year lease
Zoning / Use Zoning: B-2 (Business / General Commercial) Permitted Uses: Medical office, outpatient clinic, dental, physical therapy, specialty practices, and professional services (subject to standard approvals)
A key differentiator of this asset is its exceptional micro-geography. The property is directly adjacent to Edgewood Elementary School, Edgewood Middle School, and Edgewood High School, placing it within a dense, institutional school corridor that generates consistent weekday traffic, recurring visitation, and strong community exposure. This environment is particularly attractive for healthcare providers serving families, students, faculty, and the surrounding residential population.
The site benefits from prominent frontage along Lord Willoughby Beach Road, delivering strong pass-by visibility and excellent signage potential & critical drivers for patient awareness and brand recognition. Ingress and egress are efficient, supporting smooth patient flow, staff access, and service operations. On-site parking is aligned with outpatient and clinic use, and the building configuration allows for flexible medical build-out, including exam rooms, administrative offices, and specialty treatment areas.
From an operational and investment perspective, the property supports long-term lease structures, making it well suited for healthcare operators prioritizing stability, scalability, and predictable occupancy costs. Flexible lease terms and tenant improvement considerations may be available for qualified medical users.
Ideal Uses Include: Urgent Care, Primary Care, Pediatric, Family Medicine, Dental, Orthodontic, Physical Therapy, Rehabilitation & Behavioral Health, Specialty Medical Clinics.
Property Features for 2301 Willoughby Beach Rd
General Information
Property type
Medical space
Lease Type
NNN Lease
TSF (Total sq. ft)
5,000-10,000 SF
USF (Usable sq. ft)
5,000-10,000 SF
Class
B
Total Parking Spaces
20
Elevators
No
Lease Term
5+ Years
Building Details
Year Built
1940
Buildings
1
Stories
1
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Current Use by Public Records
Information Products-MarylandOffice Equipment SupplierSeneca Balance of Maryland ...Laboratory
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2301 Willoughby Beach Rd Edgewood, MD 21040
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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.
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2301 Willoughby Beach Rd Edgewood, MD 21040
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