Flex Space with Drive-In
2809 BEL AIR ROAD, Fallston, MD 21047
For Sale
New
Contact for pricing
Warehouse and office areas are complemented by a roll-up drive-in door.
Property Size918 SF
Price / SF$1.47
Days on Market6
Property Features for 2809 BEL AIR ROAD
General Information
Standard status
Size
Property subtype
Additional Details
Drive-In Doors
Property Use
Building Details
Year Built
Listing Agency:
MJL Realty LLC
(410) 877-3160
Listed By:
James P Leyh · License #530717
(410) 804-7520
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 10:28AM
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
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Investment Insights
Based on property information with market context.
This flex property brings warehouse and office space together in one building. One roll-up drive-in door is present, and the property was built in 1981.
Key Highlights
- Warehouse and office space in one flex property
- One roll‑up drive‑in door
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,581
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,620
$111.6K
Cap Rate 7%
$79,729
$79.7K
Cap Rate 9%
$62,011
$62.0K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$8.3K $9.00/SF
− Vacancy
−$289 −$0.32/SF
EGI
$8.0K $8.69/SF
− OpEx
−$2.4K −$2.61/SF
NOI
$5.6K $6.08/SF
Area
Harford County, MD
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,620
Cap Rate 7%
$79,729
Cap Rate 9%
$62,011
Alternative Uses
Best Use
Flex RnD
$177.2K
$155.0K – $206.7K
NOI $12,402 @ 7.0% cap · market cap 918.67%
Second Best
Warehouse
$96.8K
$84.7K – $113.0K
NOI $6,777 @ 7.0% cap · market cap 502.00%
Theoretical Best
Office A
$323.0K
$282.6K – $376.8K
NOI $22,610 @ 7.0% cap · market cap 1,674.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 21047, MD
12,876
Population
4,925
Households
2.6
Avg Household Size
47
Median Age
53%
College-Educated
98%
High-School Grad
22.5 sq mi
ZIP Area
572
Density / Sq Mi
$154,524
Median Household Income
$72,609
Median Earnings
$2,482
Median Rent
$516,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Evolved Catering and Events Center — 2315 Belair Rd Unit B5, Fallston, MD 21047
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are complemented by a roll-up drive-in door.
Where is this flex space located?
The property is located at 2809 BEL AIR ROAD Fallston, MD.
What are key features of this property?
This property features: Warehouse and office space in one flex property; One roll‑up drive‑in door; Built in 1981
