Newly Constructed Retail
For Sale
$4,050,000
5960 BELAIR Rd, Baltimore, MD 21206
Shadow-anchored retail center 100% pre-leased to national tenants.
Property Size12,800 SF
Price / SF$316.41
Days on Market98
Property Features for 5960 BELAIR Rd
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
Cummings & Co Realtors
(410) 688-5285
Listed By:
Matthew E Garono · License #627356
(410) 688-5285
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 9:55AM
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 Cummings & Co Realtors
Investment Insights
Based on property information with market context.
The offering is the fee simple interest in Belair Crossing, a newly constructed 12,800 square foot retail center located in Baltimore City, Maryland. Constructed in the Fall of 2015, the center was 100% pre-leased to PNC and Dollar Tree. Both tenants have recently executed their first five-year renewal option after a successful 10-year initial term. The Property benefits from its co-tenancy with Dunkin and the newly constructed and anticipated LIDL Supermarket. The location has a walk score of 61, indicating it is somewhat walkable, a transit score of 50, indicating good transit, and a bike score of 36, indicating it is somewhat bikeable.
Key Highlights
- 100% Leased Retail Center providing immediate income
- Strong Tenant Roster anchored by PNC and Dollar Tree, both having exercised renewal options
- Newly Constructed in 2016, minimizing immediate capital expenditure needs
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.4k | $18.00 |
| − Vacancy | −$24.2k | −$1.89 |
| EGI | $206.2k | $16.11 |
| − OpEx | −$61.9k | −$4.83 |
| NOI | $144.3k | $11.28 |
12,800 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.41M
NOI $144,346 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.69M
$2.36M – $3.14M
NOI $188,569 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
685
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
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gardenville Shopping Center — Belford Shopping Center, 4214 Frankford Ave, Baltimore, MD 21206
- Vendeur de panier de crabe Baltimore — 1 Maple Ave, Baltimore, MD 21206
Frequently Asked Questions
What type of property is this?
Shopping center - Shadow-anchored retail center 100% pre-leased to national tenants.
Where is this shopping center located?
The property is located at 5960 BELAIR Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: 100% Leased Retail Center providing immediate income; Strong Tenant Roster anchored by PNC and Dollar Tree, both having exercised renewal options; Newly Constructed in 2016, minimizing immediate capital expenditure needs
