Renovated Second-Floor Office
New
For Sale
Contact for pricing
5020 BELAIR ROAD 2ND FLOOR, Baltimore, MD 21206
Central air conditioning serves a three-room layout with a bathroom.
Property Size450 SF
Price / SF$2.44
Days on Market5
Property Features for 5020 BELAIR ROAD 2ND FLOOR
General Information
Standard status
Active
Size
450 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2nd Floor
Amenities
central A/C
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Signature Realty Group,LLC
(443) 503-8606
Listed By:
Stacey Messercola · License #674623
(410) 615-4119
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 20
Last Checked: Oct 19 at 2:50PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated second-floor office suite provides 450 square feet arranged as three rooms and a bathroom, with central air conditioning. The property was built in 1923, and the space may also be used for retail.
At 5020 Belair Road in Baltimore, the office is a few blocks north of Moravia Road and minutes from I-695 and I-95.
At 5020 Belair Road in Baltimore, the office is a few blocks north of Moravia Road and minutes from I-695 and I-95.
Key Highlights
- 450 square feet on the second floor
- Renovated office space with central air conditioning
- Three rooms and a bathroom
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
Office B
$45.1K
$39.4K – $52.6K
NOI $3,155 @ 7.0% cap · market cap 286.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$94.7K
$82.9K – $110.5K
NOI $6,629 @ 7.0% cap · market cap 602.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - Central air conditioning serves a three-room layout with a bathroom.
Where is this office unit located?
The property is located at 5020 BELAIR ROAD 2ND FLOOR Baltimore, MD.
What are key features of this property?
This property features: 450 square feet on the second floor; Renovated office space with central air conditioning; Three rooms and a bathroom
