Two-Unit Medical Office
For Sale
$400,000
4 W Broadway, Bel Air, MD 21014
Medical office configuration with two separately entered units and rear off-street parking.
Property Size2,416 SF
Price / SF$165.56
Days on Market103
Property Features for 4 W Broadway
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
B3
Additional Details
Office Units
2
Building Details
Year Built
1947
Listing Agency:
American Premier Realty, LLC
(410) 920-4760
Listed By:
Alexander Necker · License #646911
(410) 920-4760
Source:
Xome
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 9 at 2:54AM
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 American Premier Realty, LLC
Investment Insights
Based on property information with market context.
This Bel Air commercial property is zoned B3 and currently operates as a medical office. The building is configured as two separate units, each with its own entrance, allowing distinct operations under one roof. Unit A includes 5+ rooms/offices, two full bathrooms, a kitchen, and a full basement. Unit B provides a reception area, two exam rooms, handicap access, and additional rear parking to support day-to-day patient and staff use.
The property is located on W Broadway in the Town of Bel Air, with signage visibility from Main Street near the intersection of Main Street and Broadway. This positioning can support straightforward wayfinding for patients and visitors.
For medical and service-oriented tenants or owner-operators, the two-unit layout offers practical flexibility for splitting space between practices or departments. The combination of exam-ready interior components in Unit B, multiple rooms in Unit A, and on-site rear parking can help streamline patient access and scheduling within a single, B3-zoned facility.
The property is located on W Broadway in the Town of Bel Air, with signage visibility from Main Street near the intersection of Main Street and Broadway. This positioning can support straightforward wayfinding for patients and visitors.
For medical and service-oriented tenants or owner-operators, the two-unit layout offers practical flexibility for splitting space between practices or departments. The combination of exam-ready interior components in Unit B, multiple rooms in Unit A, and on-site rear parking can help streamline patient access and scheduling within a single, B3-zoned facility.
Key Highlights
- Commercial property in the Town of Bel Air zoned B3, currently used as a medical office
- Configured as two separate units with separate entrances
- Unit A: 5+ rooms/offices, 2 full baths, kitchen, and full basement
Financial Insights For Healthcare Medical
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 | $59.1k | $24.48 |
| − Vacancy | −$8.9k | −$3.70 |
| EGI | $50.2k | $20.78 |
| − OpEx | −$20.1k | −$8.31 |
| NOI | $30.1k | $12.47 |
2,416 SF · lease $24.48/SF/yr · vacancy 15.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$430.4K
$376.6K – $502.1K
NOI $30,128 @ 7.0% cap · market cap 7.53%
Second Best
Office B
$242.0K
$211.7K – $282.3K
NOI $16,939 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$850.1K
$743.8K – $991.8K
NOI $59,506 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office configuration with two separately entered units and rear off-street parking.
Where is this medical office space located?
The property is located at 4 W Broadway Bel Air, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Commercial property in the Town of Bel Air zoned B3, currently used as a medical office; Configured as two separate units with separate entrances; Unit A: 5+ rooms/offices, 2 full baths, kitchen, and full basement
