Renovated Retail Space with
New
For Sale
Contact for pricing
5020 BELAIR ROAD GROUND LEVEL, Baltimore, MD 21206
Ground-level space includes central air conditioning and can accommodate retail or office use.
Property Size575 SF
Price / SF$2.09
Days on Market4
Property Features for 5020 BELAIR ROAD GROUND LEVEL
General Information
Standard status
Active
Size
575 SF
Property subtype
Commercial
Additional Details
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: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:58PM
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, ground-level retail space contains 575 square feet and has central air conditioning. A large street-facing window brings natural display frontage to the space. The property was previously used as a convenience store, and retail or office use is identified as suitable.
The site is on Belair Road in Baltimore, a few blocks north of Moravia Road, with access to I-695 and I-95 within minutes.
The site is on Belair Road in Baltimore, a few blocks north of Moravia Road, with access to I-695 and I-95 within minutes.
Key Highlights
- 575 square feet of ground‑level retail space
- Renovated interior with central air conditioning
- Large window facing Belair Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,484
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,680
$129.7K
Cap Rate 7%
$92,629
$92.6K
Cap Rate 9%
$72,044
$72.0K
Market Conditions
NOI Build-Up for 575 SF
Gross rent
$10.4K $18.00/SF
− Vacancy
−$1.1K −$1.89/SF
EGI
$9.3K $16.11/SF
− OpEx
−$2.8K −$4.83/SF
NOI
$6.5K $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%
$129,680
Cap Rate 7%
$92,629
Cap Rate 9%
$72,044
Alternative Uses
Best Use
Specialty Retail
$94.2K
$82.4K – $109.9K
NOI $6,593 @ 7.0% cap · market cap 549.87%
Second Best
Retail
$92.6K
$81.1K – $108.1K
NOI $6,484 @ 7.0% cap · market cap 540.78%
Theoretical Best
Multifamily LT 5
$121.0K
$105.9K – $141.2K
NOI $8,471 @ 7.0% cap · market cap 706.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Retail in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Retail space - Ground-level space includes central air conditioning and can accommodate retail or office use.
Where is this retail space located?
The property is located at 5020 BELAIR ROAD GROUND LEVEL Baltimore, MD.
What are key features of this property?
This property features: 575 square feet of ground‑level retail space; Renovated interior with central air conditioning; Large window facing Belair Road
