Two-Story Brick Office
For Sale
$1,195,000
6607 York Rd, Baltimore, MD 21212
Two-story brick building with flexible, ADA-accessible suite configurations and recent renovations throughout.
Property Size7,800 SF
Lot Size0.29 Acres
Price / SF$153.21
Days on Market93
Property Features for 6607 York Rd
General Information
Standard status
Active
Size
7,800 SF
Lot size
0.29 Acres
Property subtype
Commercial
Zoning
RO
Additional Details
Road Access
Yes
Building Details
Year Built
1967
Stories
2
Tenancy
Multi
Listing Agency:
Cummings & Co. Realtors
Listed By:
Valentine I Korie · License #594959
(410) 900-3011
Source:
Baltimoreharfordhomesforsale
Added: Jun 12
Changed: Sep 9
Last Checked: Sep 12 at 9:49AM
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.
This two-story brick office building offers flexible configurations for professional and medical use, along with other service-oriented space needs. The layout can support owner-occupancy with space for leasing, or a multi-tenant setup, with suites that may be combined or divided to fit changing requirements. The first floor can be configured for ADA accessibility, and the property includes renovated finishes such as new flooring, paint, lighting, restroom upgrades, and updated building systems.
Located at 6607 York Road in the Stoneleigh/Anneslie community, the property is positioned for strong roadway visibility and includes dedicated parking, with potential for expansion. Prominent signage opportunities are available, and the building is convenient for everyday access.
The property is zoned RO, supporting a range of commercial uses consistent with the building’s professional and service-oriented layout.
Located at 6607 York Road in the Stoneleigh/Anneslie community, the property is positioned for strong roadway visibility and includes dedicated parking, with potential for expansion. Prominent signage opportunities are available, and the building is convenient for everyday access.
The property is zoned RO, supporting a range of commercial uses consistent with the building’s professional and service-oriented layout.
Key Highlights
- 7,800‑sq‑ft, two‑story brick building (built 1967) in the Stoneleigh/Anneslie community
- Flexible suite configurations for professional, medical, retail, educational, nonprofit, or service uses; suites can be combined or divided
- First‑floor configuration can be made ADA accessible; suites can be set up to fit different space needs
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
$108,441
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
9.07%
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%
$2,168,820
$2.2M
Cap Rate 7%
$1,549,157
$1.5M
Cap Rate 9%
$1,204,900
$1.2M
Market Conditions
NOI Build-Up for 7,800 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
$173.2K $22.20/SF
− Vacancy
−$28.6K −$3.66/SF
EGI
$144.6K $18.54/SF
− OpEx
−$36.1K −$4.63/SF
NOI
$108.4K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,168,820
Cap Rate 7%
$1,549,157
Cap Rate 9%
$1,204,900
Alternative Uses
Best Use
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $113,050 @ 7.0% cap · market cap 9.46%
Second Best
Office B
$1.55M
$1.36M – $1.81M
NOI $108,441 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,806 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 21212, MD
32,317
Population
13,749
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
7,025
Density / Sq Mi
$96,752
Median Household Income
$57,600
Median Earnings
$1,328
Median Rent
$357,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Office units - Two-story brick building with flexible, ADA-accessible suite configurations and recent renovations throughout.
Where is this office units located?
The property is located at 6607 York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 7,800‑sq‑ft, two‑story brick building (built 1967) in the Stoneleigh/Anneslie community; Flexible suite configurations for professional, medical, retail, educational, nonprofit, or service uses; suites can be combined or divided; First‑floor configuration can be made ADA accessible; suites can be set up to fit different space needs
