Renovated Three-Room Office
For Sale
Contact for pricing
5020 BELAIR ROAD 1ST FLOOR, Baltimore, MD 21206
First-floor commercial space with central air conditioning, a covered porch, and potential for retail use.
Property Size450 SF
Price / SF$2.78
Days on Market92
Property Features for 5020 BELAIR ROAD 1ST FLOOR
General Information
Standard status
Active
Size
450 SF
Property subtype
Commercial
Additional Details
Floor
1st Floor
Highway Access
Yes
Amenities
central A/C
Building Details
Year Built
1923
Listing Agency:
Signature Realty Group,LLC
(443) 503-8606
Listed By:
Stacey Messercola · License #674623
(410) 615-4119
Source:
Cummingsrealtors
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 15 at 12:35AM
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 Signature Realty Group,LLC
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Investment Insights
Based on property information with market context.
This first-floor office unit offers 450 SF arranged across three rooms, with a bathroom, central A/C, and a covered front porch. Recent renovations provide an updated setting for office operations, while the large front window faces a heavily traveled street. The space may also accommodate retail use.
The property is located at 5020 Belair Road, 1st Floor, Baltimore, MD 21206. Access to 695 and 95 is minutes away, and the site is a few blocks north of Moravia Road. Built in 1923, the building combines a renovated commercial interior with direct street-facing presentation.
The property is located at 5020 Belair Road, 1st Floor, Baltimore, MD 21206. Access to 695 and 95 is minutes away, and the site is a few blocks north of Moravia Road. Built in 1923, the building combines a renovated commercial interior with direct street-facing presentation.
Key Highlights
- 450 SF first‑floor office unit
- Three‑room layout with bathroom
- Recently renovated interior with central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,155
Suggested Prices Based on Cap Rates
Cap Rate 5%
$63,100
$63.1K
Cap Rate 7%
$45,071
$45.1K
Cap Rate 9%
$35,056
$35.1K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$5.1K $11.40/SF
− Vacancy
−$923 −$2.05/SF
EGI
$4.2K $9.35/SF
− OpEx
−$1.1K −$2.34/SF
NOI
$3.2K $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%
$63,100
Cap Rate 7%
$45,071
Cap Rate 9%
$35,056
Alternative Uses
Best Use
Retail
$72.5K
$63.4K – $84.6K
NOI $5,075 @ 7.0% cap · market cap 406.00%
Second Best
Office B
$45.1K
$39.4K – $52.6K
NOI $3,155 @ 7.0% cap · market cap 252.40%
Theoretical Best
Multifamily LT 5
$94.7K
$82.9K – $110.5K
NOI $6,629 @ 7.0% cap · market cap 530.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
688
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office units - First-floor commercial space with central air conditioning, a covered porch, and potential for retail use.
Where is this office units located?
The property is located at 5020 BELAIR ROAD 1ST FLOOR Baltimore, MD.
What are key features of this property?
This property features: 450 SF first‑floor office unit; Three‑room layout with bathroom; Recently renovated interior with central A/C
