4920 Belair Rd, Baltimore, MD 21206

Building Details

Building Size 3,500 SF More

Year Built 2017 More

Listed By: Omar Aizaz Show Phone

Source: Cbcworldwide

Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:04AM

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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 Omar Aizaz

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Investment Insights

Based on property information with market context.

Located at 4920 Belair Rd in Baltimore, MD, this 3,500 square foot building was originally constructed in 1924 and renovated in 2017. The property features 15 units designed for office use. Zoned R-5, this property is located in the Baltimore area.

Key Highlights

• 15 Units Designed for Office Use
• Renovated in 2017
• 3,500 SF Building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,539

Cap Rate

4.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$490,780 $490.8K

Cap Rate 7%

$350,557 $350.6K

Cap Rate 9%

$272,656 $272.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$39.9K $11.40/SF

− Vacancy

−$7.2K −$2.05/SF

EGI

$32.7K $9.35/SF

− OpEx

−$8.2K −$2.34/SF

NOI

$24.5K $7.01/SF

Area

ZIP 21206

Vacancy

18.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$490,780

Cap Rate 7%

$350,557

Cap Rate 9%

$272,656

Alternative Uses

Best Use

Office B

$350.6K

$306.7K – $409.0K (±1% cap)

NOI $24,539 @ 7.0% cap · market cap 4.09%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$736.6K

$644.5K – $859.4K (±1% cap)

NOI $51,562 @ 7.0% cap · market cap 8.59%

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

Ibou Shipping LLC Car Dealership Serenity Behavioral Health ... Crisis Center Ibou Tag and title Vehicle Inspection Center ASB Cleaning Services (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Accounting Firm Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

730

Businesses Nearby

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

Market

Average Price Trend$/SF for Office buildings in Baltimore, MD

$94.28 Jul

$106 Aug

$115 Sep

$114 Oct

Properties on Market for Office buildings in Baltimore

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Baltimore, MD

12.4% 2019

13.1% 2020

13% 2021

14.5% 2022

17.1% 2023

16.3% 2024

17.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - 3,500 SF renovated office building with 15 units.

Where is this office building located?

The property is located at 4920 Belair Rd Baltimore, MD.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: 15 Units Designed for Office Use; Renovated in 2017; 3,500 SF Building