Automotive Service
For Sale
$500,000
6233 Belair Rd, Baltimore, MD 21206
Automotive service property with mechanical and body repair operations, including two lifts and a frame machine.
Property Size3,400 SF
Lot Size0.13 Acres
Price / SF$147.06
Days on Market63
Property Features for 6233 Belair Rd
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.13 Acres
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$2,952
Listing Agency:
Advance Realty, Inc.
(443) 271-4100
Listed By:
Martin A Saunders
(443) 271-4100
Source:
Exprealty
Added: Jun 12
Changed: Aug 11
Last Checked: Aug 12 at 2:49PM
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 Advance Realty, Inc.
Investment Insights
Based on property information with market context.
This automotive service shop is improved by a 3,400 SF building on an approximately 0.13-acre site. The property is set up for both mechanical repairs and body work services, with two automotive lifts and a Black Hawk frame machine included. An air conditioning unit is also noted, and the facility is currently operating as a neighborhood repair business.
The property is located on highly traveled Belair Road with convenient access from Route 1 and Marluth Avenue. Access to I-95 and I-695 is described as easy, supporting strong day-to-day convenience for automotive users and neighborhood service needs.
The property is zoned C-3 and is being sold as-is. It presents an opportunity for an owner-operator or investor seeking a well-located automotive service facility with established operations.
The property is located on highly traveled Belair Road with convenient access from Route 1 and Marluth Avenue. Access to I-95 and I-695 is described as easy, supporting strong day-to-day convenience for automotive users and neighborhood service needs.
The property is zoned C-3 and is being sold as-is. It presents an opportunity for an owner-operator or investor seeking a well-located automotive service facility with established operations.
Key Highlights
- 0.13‑acre site with a 3,400 SF commercial automotive service building
- C‑3 zoning with an established neighborhood automotive repair facility
- Mechanical repairs and body repair services with two automotive lifts on site
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
$38,342
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
7.67%
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%
$766,840
$766.8K
Cap Rate 7%
$547,743
$547.7K
Cap Rate 9%
$426,022
$426.0K
Market Conditions
NOI Build-Up for 3,400 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
$61.2K $18.00/SF
− Vacancy
−$6.4K −$1.89/SF
EGI
$54.8K $16.11/SF
− OpEx
−$16.4K −$4.83/SF
NOI
$38.3K $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%
$766,840
Cap Rate 7%
$547,743
Cap Rate 9%
$426,022
Alternative Uses
Best Use
Retail
$547.7K
$479.3K – $639.0K
NOI $38,342 @ 7.0% cap · market cap 7.67%
Second Best
Industrial
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.75%
Theoretical Best
Multifamily LT 5
$715.6K
$626.1K – $834.8K
NOI $50,089 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Apparel 16%
Popeyes Louisiana Kitchen
Dining
9,833 visits/mo
0.4 miles
Pizza Hut
Dining
2,609 visits/mo
0.4 miles
Coach
Apparel
2,412 visits/mo
0.3 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
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- Caliber Collision — 5665 Belair Rd, Baltimore, MD 21206
- Mvm2Go — Garage (Red Door, 5640 Belair Rd Rear, Baltimore, MD 21206
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with mechanical and body repair operations, including two lifts and a frame machine.
Where is this auto shop located?
The property is located at 6233 Belair Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 0.13‑acre site with a 3,400 SF commercial automotive service building; C‑3 zoning with an established neighborhood automotive repair facility; Mechanical repairs and body repair services with two automotive lifts on site
