Renovated Two-Story Office
For Sale
$1,195,000
6607 YORK Road, Baltimore, MD 21212
Commercial Sale, BALTIMORE, MD
Property Size7,800 SF
Lot Size0.29 Acres
Price / SF$153.21
Days on Market51
Property Features for 6607 YORK Road
General Information
Property type
Other
Property subtype
Office
Parking
20
Parking features
Parking Lot
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
7653
Utilities
Heating system
Central
Cooling system
Ductless
Amenities
signage opportunities
Building Details
Year built
1967
Number of units
1
Building materials
Brick
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Valentine I Korie · License #594959
(410) 900-3011
Added: Jul 25
Changed: Aug 19
Last Checked: Sep 13 at 5:06PM
MLS# MDBC2170838
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6607 York Road in Baltimore, this 7,800-square-foot, two-story brick office building was constructed in 1967 and sits on approximately 0.287 acres. The property offers flexible suite configurations, with options to occupy the full building, use one suite while leasing three additional units, or operate it as a multi-tenant asset. Suites may be combined or divided, and the first floor can be adapted for ADA accessibility.
Recent work includes new flooring, paint, lighting, restroom upgrades, building systems, and other interior improvements. Central heating and ductless cooling serve the building. Dedicated lot parking, prominent signage opportunities, and potential parking expansion are included, while RO zoning supports the property's office classification. The address is in the Stoneleigh/Anneslie community and has access to York Road.
Recent work includes new flooring, paint, lighting, restroom upgrades, building systems, and other interior improvements. Central heating and ductless cooling serve the building. Dedicated lot parking, prominent signage opportunities, and potential parking expansion are included, while RO zoning supports the property's office classification. The address is in the Stoneleigh/Anneslie community and has access to York Road.
Key Highlights
- 7,800‑square‑foot, two‑story brick office building on approximately 0.287 acres
- Flexible suite layout with options for full‑building occupancy or leasing three additional units
- Recent flooring, paint, lighting, restroom, and building‑system upgrades
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
Office B
$1.55M
$1.36M – $1.81M
NOI $108,441 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
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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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
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 building - Brick construction, dedicated parking, and prominent signage support a visible commercial presence along York Road.
Where is this office building located?
The property is located at 6607 YORK Road 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‑square‑foot, two‑story brick office building on approximately 0.287 acres; Flexible suite layout with options for full‑building occupancy or leasing three additional units; Recent flooring, paint, lighting, restroom, and building‑system upgrades
