9-Unit Neighborhood Shopping
4300 BELAIR ROAD, Baltimore, MD 21206
For Sale
$2,100,000
Fully occupied retail property along Belair Road with established tenants and a multi-tenant layout.
Property Size16,935 SF
Lot Size0.80 Acres
Price / SF$124
Days on Market97
Property Features for 4300 BELAIR ROAD
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Leading Edge
(410) 721-9600
Listed By:
Ronald V Hair · License #574548
(301) 213-1107
Source:
Cummingsrealtors
Added: Aug 4
Changed: Nov 6
Last Checked: Nov 8 at 5:40AM
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 RE/MAX Leading Edge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1960, this 9-unit shopping center provides approximately 16,935 square feet of retail space across a multi-tenant neighborhood format. The property is currently 100% occupied and includes established tenants within the existing retail configuration.
The center occupies a 0.8-acre parcel along Belair Road in Baltimore, near the established Belair-Edison neighborhood. Its position on a heavily traveled commercial corridor provides direct exposure to passing traffic, with visibility and accessibility identified as property features.
The asset combines an occupied retail operation with a sizable site and multiple tenant spaces, offering a straightforward platform for continued neighborhood retail use and ongoing lease administration.
The center occupies a 0.8-acre parcel along Belair Road in Baltimore, near the established Belair-Edison neighborhood. Its position on a heavily traveled commercial corridor provides direct exposure to passing traffic, with visibility and accessibility identified as property features.
The asset combines an occupied retail operation with a sizable site and multiple tenant spaces, offering a straightforward platform for continued neighborhood retail use and ongoing lease administration.
Key Highlights
- 9‑unit multi‑tenant shopping center
- Approximately 16,935 square feet of retail space
- Situated on a 0.8‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,976
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,819,520
$3.8M
Cap Rate 7%
$2,728,229
$2.7M
Cap Rate 9%
$2,121,956
$2.1M
Market Conditions
NOI Build-Up for 16,935 SF
Gross rent
$304.8K $18.00/SF
− Vacancy
−$32.0K −$1.89/SF
EGI
$272.8K $16.11/SF
− OpEx
−$81.8K −$4.83/SF
NOI
$191.0K $11.28/SF
Area
ZIP 21206
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,819,520
Cap Rate 7%
$2,728,229
Cap Rate 9%
$2,121,956
Alternative Uses
Best Use
Retail
$2.73M
$2.39M – $3.18M
NOI $190,976 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.56M
$3.12M – $4.16M
NOI $249,485 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21206, MD
49,470
Population
21,939
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
6,777
Density / Sq Mi
$62,965
Median Household Income
$46,426
Median Earnings
$1,215
Median Rent
$213,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Baltimore County
Vacancy Rate% for Retail in Baltimore, MD
Similar Off Market Nearby
- Belair Edison Crossing — 2401 Belair Rd, Baltimore, MD 21213
- Laundromat — 4703-4719 Homesdale Ave, Baltimore, MD 21206, United States
- Coinstar Kiosk | Bitcoin ATM — 4401 Harford Rd Safeway, Baltimore, MD 21214
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail property along Belair Road with established tenants and a multi-tenant layout.
Where is this shopping center located?
The property is located at 4300 BELAIR ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 9‑unit multi‑tenant shopping center; Approximately 16,935 square feet of retail space; Situated on a 0.8‑acre parcel
