Medical Office Condo with 11 Private
New
For Sale
$740,000
602 S ATWOOD RD #100 100, Bel Air, MD 21014
First-floor suite includes a reception area, two restrooms, and dedicated storage and computer rooms.
Property Size3,098 SF
Price / SF$238.86
Days on Market5
Property Features for 602 S ATWOOD RD #100 100
General Information
Standard status
Active
Size
3,098 SF
Total Parking Spaces
3
Elevators
Yes
Additional Details
Floor
1
Highway Access
Yes
Amenities
24-hour access
ADA-accessible
Listing Agency:
Black Dog Realty, LLC
(443) 550-1455
Listed By:
Eric G. Chamish · License #649660
(443) 467-3156
Source:
Towncentermd
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 16 at 9:02AM
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 Black Dog Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,098-square-foot first-floor medical office condo at the Atwood Professional Building is configured with a reception and waiting area, 11 private offices or exam rooms, two restrooms, a computer room, two storage rooms, and a utility closet. A recently installed Amana HVAC system is covered by a transferable 10-year warranty. The building has elevator service, ADA access, and 24-hour entry.
The property is across from UM Upper Chesapeake Medical Center and offers access to I-95. On-site parking is available, including three assigned covered spaces included with the sale.
The property is across from UM Upper Chesapeake Medical Center and offers access to I-95. On-site parking is available, including three assigned covered spaces included with the sale.
Key Highlights
- 3,098‑square‑foot first‑floor medical office condo
- 11 private offices or exam rooms
- Reception and waiting area, two restrooms, computer room, two storage rooms, and utility closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,632
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,640
$772.6K
Cap Rate 7%
$551,886
$551.9K
Cap Rate 9%
$429,244
$429.2K
Market Conditions
NOI Build-Up for 3,098 SF
Gross rent
$75.8K $24.48/SF
− Vacancy
−$11.5K −$3.70/SF
EGI
$64.4K $20.78/SF
− OpEx
−$25.8K −$8.31/SF
NOI
$38.6K $12.47/SF
Area
Harford County, MD
Vacancy
15.10%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,640
Cap Rate 7%
$551,886
Cap Rate 9%
$429,244
Alternative Uses
Best Use
Healthcare Medical
$551.9K
$482.9K – $643.9K
NOI $38,632 @ 7.0% cap · market cap 5.22%
Second Best
Office B
$310.3K
$271.5K – $362.0K
NOI $21,720 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.09M
$953.8K – $1.27M
NOI $76,304 @ 7.0% cap · market cap 10.31%
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
2,098
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Pet Imaging Center — 609 S Atwood Rd STE 201, Bel Air, MD 21014
- Banfield Pet Hospital — 602 Boulton St, Bel Air, MD 21014
- Homeward Bound Veterinary Services — 305 S Atwood Rd, Bel Air, MD 21014
- Cat Sense Feline Hospital And Boarding Inc — 332 S Main St, Bel Air, MD 21014
- Street III Richard P DVM — Greenbrier Shopping Ctr, Bel Air, MD 21014
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor suite includes a reception area, two restrooms, and dedicated storage and computer rooms.
Where is this medical office space located?
The property is located at 602 S ATWOOD RD #100 100 Bel Air, MD.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 3,098‑square‑foot first‑floor medical office condo; 11 private offices or exam rooms; Reception and waiting area, two restrooms, computer room, two storage rooms, and utility closet
