Medical Office
New
For Sale
$740,000
602 S ATWOOD ROAD #100, Bel Air, MD 21014
A first-floor suite combines multiple private rooms with reception, waiting, storage, and dedicated computer space.
Property Size3,098 SF
Price / SF$238.86
Days on Market6
Property Features for 602 S ATWOOD ROAD #100
General Information
Standard status
Active
Size
3,098 SF
Total Parking Spaces
3
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
1
Highway Access
Yes
Office Units
1
Amenities
24-hour access
ADA-accessible
Building Details
Year Built
2003
Listing Agency:
Black Dog Realty, LLC
(443) 550-1455
Listed By:
Eric G. Chamish · License #649660
(443) 467-3156
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 7:09PM
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
Investment Insights
Based on property information with market context.
The 3,098-square-foot condominium occupies the first floor of the Atwood Professional Building. Its layout includes a reception and waiting area, 11 private offices or exam rooms, 2 restrooms, a computer room, 2 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.
UM Upper Chesapeake Medical Center is across the road, and I-95 is readily accessible. On-site parking is available, including 3 assigned covered spaces conveyed with the suite.
UM Upper Chesapeake Medical Center is across the road, and I-95 is readily accessible. On-site parking is available, including 3 assigned covered spaces conveyed with the suite.
Key Highlights
- 3,098‑square‑foot first‑floor medical office condominium
- 11 private offices or exam rooms, plus reception and waiting areas
- Includes 2 restrooms, a computer room, 2 storage rooms, and a 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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,856
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Animal Emergency Hospital — 722 Baltimore Pike, Bel Air, MD 21014
- 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - A first-floor suite combines multiple private rooms with reception, waiting, storage, and dedicated computer space.
Where is this medical office space located?
The property is located at 602 S ATWOOD ROAD #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 condominium; 11 private offices or exam rooms, plus reception and waiting areas; Includes 2 restrooms, a computer room, 2 storage rooms, and a utility closet
