Victorian Office and Live-Work
For Sale
$475,000
2322 Rock Spring Rd, Forest Hill, MD 21050
Victorian character property with flexible interior layout, wrap-around porch, and updated main level flooring.
Property Size3,003 SF
Lot Size0.77 Acres
Price / SF$158.18
Days on Market162
Property Features for 2322 Rock Spring Rd
General Information
Standard status
Active
Size
3,003 SF
Lot size
0.77 Acres
Zoning
VR
Additional Details
Fenced Yard
Yes
Amenities
wrap-around porch
patio fire pit
Building Details
Year Built
1900
Construction
Victorian
Listing Agency:
Keller Williams Gateway LLC
Listed By:
Elizabeth J Klepetka
(443) 350-4980
Source:
Lgagne
Added: May 14
Changed: Oct 19
Last Checked: Oct 21 at 2:56AM
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 Keller Williams Gateway LLC
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Investment Insights
Based on property information with market context.
This distinctive Victorian structure offers a flexible floor plan suited to professional office use or mixed-use concepts. The home includes a 4-bedroom, 2-bath layout with multiple private offices or workspaces, complemented by original wood detailing and crown molding. Updated main level flooring was completed in 2022, and a wrap-around porch was added in 2025.
Set on a level 0.77-acre lot, the property includes a new paved driveway (2025) and a fenced yard with outdoor space intended for staff or client use. A custom patio with a fire pit was added in 2020. Recent major improvements include a new septic system drain field (2025), a 2025 hot water heater, a well bladder (2021), and HVAC (2018), along with a slate roof.
The property is currently zoned VR (Village Residential), with the potential for conversion to VB (Village Business). Buyers are encouraged to verify zoning and permitted uses with Harford County.
Set on a level 0.77-acre lot, the property includes a new paved driveway (2025) and a fenced yard with outdoor space intended for staff or client use. A custom patio with a fire pit was added in 2020. Recent major improvements include a new septic system drain field (2025), a 2025 hot water heater, a well bladder (2021), and HVAC (2018), along with a slate roof.
The property is currently zoned VR (Village Residential), with the potential for conversion to VB (Village Business). Buyers are encouraged to verify zoning and permitted uses with Harford County.
Key Highlights
- Victorian home built in 1900 with 4 bedrooms and 2 baths plus a flexible floor plan for professional or mixed‑use setups
- .77‑acre level lot in Forest Hill with potential for parking or expansion, fenced yard (2018), and outdoor client/staff space
- Wrap‑around porch completed in 2025 plus new paved driveway (2025) for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,448
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,960
$749.0K
Cap Rate 7%
$534,971
$535.0K
Cap Rate 9%
$416,089
$416.1K
Market Conditions
NOI Build-Up for 3,003 SF
Gross rent
$73.5K $24.48/SF
− Vacancy
−$11.1K −$3.70/SF
EGI
$62.4K $20.78/SF
− OpEx
−$25.0K −$8.31/SF
NOI
$37.4K $12.47/SF
Area
Harford County, MD
Vacancy
15.10%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,960
Cap Rate 7%
$534,971
Cap Rate 9%
$416,089
Alternative Uses
Best Use
Healthcare Medical
$535.0K
$468.1K – $624.1K
NOI $37,448 @ 7.0% cap · market cap 7.88%
Second Best
Mixed Use
$434.4K
$380.1K – $506.8K
NOI $30,405 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.06M
$924.6K – $1.23M
NOI $73,964 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 21050, MD
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Victorian character property with flexible interior layout, wrap-around porch, and updated main level flooring.
Where is this live-work space located?
The property is located at 2322 Rock Spring Rd Forest Hill, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Victorian home built in 1900 with 4 bedrooms and 2 baths plus a flexible floor plan for professional or mixed‑use setups; .77‑acre level lot in Forest Hill with potential for parking or expansion, fenced yard (2018), and outdoor client/staff space; Wrap‑around porch completed in 2025 plus new paved driveway (2025) for convenient access
