Bank Building with Mezzanine
New
For Sale
$799,900
6813-6817 BELAIR ROAD, Baltimore, MD 21206
Central HVAC and on-site parking support the property’s current commercial use.
Property Size2,884 SF
Price / SF$277.36
Days on Market5
Property Features for 6813-6817 BELAIR ROAD
General Information
Standard status
Active
Size
2,884 SF
Total Parking Spaces
32
Property subtype
Commercial
Amenities
high ceilings
central air conditioning and heat
Building Details
Year Built
1900
Buildings
1
Listing Agency:
HomeSmart
(301) 352-4065
Listed By:
Uchenna K. Aginam · License #676495
(443) 983-7540
Source:
Cummingsrealtors
Added: Sep 13
Changed: Sep 16
Last Checked: Sep 16 at 2:44PM
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 HomeSmart
Investment Insights
Based on property information with market context.
Located at 6813-6817 Belair Road in Baltimore, this 2,884-square-foot commercial building was constructed in 1900 and is currently used as a hookah lounge. The former bank property includes high ceilings, central air conditioning and heat, and a 750-square-foot mezzanine office.
The site provides 32 on-site parking spaces. Current zoning permits a broad range of business uses, including banking, restaurant, bakery, barbershop, beauty salon, florist, hardware store, laundromat, medical clinic, neighborhood car rental agency, tavern, veterinary clinic, and nano-brewery operations with retail sales of prepackaged beer and growlers for off-site consumption.
The site provides 32 on-site parking spaces. Current zoning permits a broad range of business uses, including banking, restaurant, bakery, barbershop, beauty salon, florist, hardware store, laundromat, medical clinic, neighborhood car rental agency, tavern, veterinary clinic, and nano-brewery operations with retail sales of prepackaged beer and growlers for off-site consumption.
Key Highlights
- 2,884‑square‑foot building constructed in 1900
- 750‑square‑foot mezzanine office
- 32 on‑site parking spaces
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
$33,068
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
4.13%
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%
$661,360
$661.4K
Cap Rate 7%
$472,400
$472.4K
Cap Rate 9%
$367,422
$367.4K
Market Conditions
NOI Build-Up for 2,884 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
$48.5K $16.80/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$44.1K $15.29/SF
− OpEx
−$11.0K −$3.82/SF
NOI
$33.1K $11.47/SF
Area
ZIP 21206
Vacancy
9.00%
Lease Rate
$16.80 /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%
$661,360
Cap Rate 7%
$472,400
Cap Rate 9%
$367,422
Alternative Uses
Best Use
Specialty Retail
$472.4K
$413.4K – $551.1K
NOI $33,068 @ 7.0% cap · market cap 4.13%
Second Best
Retail
$464.6K
$406.5K – $542.1K
NOI $32,523 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$607.0K
$531.1K – $708.1K
NOI $42,487 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Apparel 11%
Popeyes Louisiana Kitchen
Dining
9,833 visits/mo
0.2 miles
Papa John's Pizza
Dining
6,501 visits/mo
0.5 miles
Pizza Hut
Dining
2,609 visits/mo
0.1 miles
Coach
Apparel
2,412 visits/mo
0.2 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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Frequently Asked Questions
What type of property is this?
Bank - Central HVAC and on-site parking support the property’s current commercial use.
Where is this bank located?
The property is located at 6813-6817 BELAIR ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,884‑square‑foot building constructed in 1900; 750‑square‑foot mezzanine office; 32 on‑site parking spaces
