Auto Repair Facility on
For Sale
$775,000
6201 Belair Road, Baltimore, MD 21206
4,598 SF auto repair facility on 0.18 acres.
Property Size4,598 SF
Lot Size0.18 Acres
Price / SF$168.55
Days on Market100
Property Features for 6201 Belair Road
General Information
Standard status
Active
Size
4,598 SF
Lot size
0.18 Acres
Property subtype
Retail
Zoning
C-3
Building Details
Building Size
4,598 SF
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(443) 573-3217
Listed By:
Tom Mottley
(443) 573-3217
Source:
Mackenziecommercial
Added: May 14
Changed: Aug 14
Last Checked: Aug 20 at 4:09AM
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 MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
The property at 6201 Belair Road, Baltimore, Maryland, is a 4,598 SF auto repair facility situated on approximately 0.18 acres. It is offered for sale as-is and features three drive-in doors, four lifts (including two heavy-duty lifts and two rated at 8,500 lbs), plus alignment, wheel balance, and tire equipment. The property is positioned directly on Belair Road (US Rt-1), with an approximate average annual daily traffic count of 20,521. It offers visibility and convenient access to I-695, I-95, and Downtown Baltimore. The zoning is C-3, and the parking ratio is 2.99/1,000 SF.
Key Highlights
- Prime location on Belair Road (US Rt‑1) with high traffic count (20,521 AADT) offering strong visibility.
- Well‑equipped auto repair facility with four lifts (including two heavy‑duty), alignment, wheel balance, and tire equipment.
- Spacious 4,598 SF ± building suitable for auto repair business.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,037,040
$1.0M
Cap Rate 7%
$740,743
$740.7K
Cap Rate 9%
$576,133
$576.1K
Market Conditions
NOI Build-Up for 4,598 SF
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.
Gross rent
$82.8K $18.00/SF
− Vacancy
−$8.7K −$1.89/SF
EGI
$74.1K $16.11/SF
− OpEx
−$22.2K −$4.83/SF
NOI
$51.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,037,040
Cap Rate 7%
$740,743
Cap Rate 9%
$576,133
Alternative Uses
Best Use
Retail
$740.7K
$648.2K – $864.2K
NOI $51,852 @ 7.0% cap · market cap 6.69%
Second Best
Industrial
$362.7K
$317.3K – $423.1K
NOI $25,387 @ 7.0% cap · market cap 3.28%
Theoretical Best
Multifamily LT 5
$967.7K
$846.7K – $1.13M
NOI $67,737 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Apparel 20%
Popeyes Louisiana Kitchen
Dining
9,833 visits/mo
0.5 miles
Coach
Apparel
2,412 visits/mo
0.4 miles
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
- Brakes Shocks — Baltimore, MD 21206
- Mvm 2 Go LLc — 5640 Belair Rd Rear Garage, Baltimore, MD 21206
- Best Tires And Auto — 5500 Belair Rd, Baltimore, MD 21206
- Mb Auto Repair — 5502 Belair Rd, Baltimore, MD 21206
- Md. State Inspections Alignments — Baltimore, MD 21206
Frequently Asked Questions
What type of property is this?
Auto shop - 4,598 SF auto repair facility on 0.18 acres.
Where is this auto shop located?
The property is located at 6201 Belair Road Baltimore, MD.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime location on Belair Road (US Rt‑1) with high traffic count (20,521 AADT) offering strong visibility.; Well‑equipped auto repair facility with **four lifts (including two heavy‑duty), alignment, wheel balance, and tire equipment.**; Spacious **4,598 SF ± building** suitable for auto repair business.
