Historic Office
New
For Sale
$525,000
702 ROCK SPRING Road, Bel Air, MD 21014
Commercial Sale, BEL AIR, MD
Property Size3,082 SF
Lot Size0.58 Acres
Price / SF$170.34
Days on Market4
Property Features for 702 ROCK SPRING Road
General Information
Property type
Other
Property subtype
Office
Parking
5
Parking features
Garage, Parking Lot
Elementary school district
HARFORD COUNTY PUBLIC SCHOOLS
Middle school district
HARFORD COUNTY PUBLIC SCHOOLS
High school district
HARFORD COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.58 Acres
Taxes and HOA fees
Tax Annual Amount
5253
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Amenities
conference room
kitchen
stone fireplace
handicap ramp
Building Details
Year built
1928
Building materials
Shake Siding
Listing Agency:
Garceau Realty
(410) 803-0714
Listed By:
David R Feazell · License #674137
(443) 299-7937
Added: Oct 3
Changed: Oct 5
Last Checked: Oct 6 at 3:06AM
MLS# MDHR2060728
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.
Built in 1928, this office property contains approximately 3,082 square feet on a 0.58-acre parcel. The main level spans about 1,541 square feet, with a reception area, four private offices, a conference room, kitchen and two bathrooms. Hardwood floors, a stone fireplace, cedar shake siding and a slate roof define the building’s older construction. A ramp provides accessible entry; heating is by oil-fired boiler and radiators, and the electric water heater is new.
A dry basement and a large walkable attic offer storage and utility space. The detached one-car garage adds covered parking and storage, while the on-site parking area has room for potential expansion. The property is zoned R2 in the TOD District, where professional services are permitted.
Rock Spring Road carries 13,800 CPD. Surrounding uses include professional offices, retailers and other commercial businesses in Bel Air. The property is owner-occupied and has been used as a law office.
A dry basement and a large walkable attic offer storage and utility space. The detached one-car garage adds covered parking and storage, while the on-site parking area has room for potential expansion. The property is zoned R2 in the TOD District, where professional services are permitted.
Rock Spring Road carries 13,800 CPD. Surrounding uses include professional offices, retailers and other commercial businesses in Bel Air. The property is owner-occupied and has been used as a law office.
Key Highlights
- 3,082 SF building on 0.58 acres; built in 1928
- Main level is approximately 1,541 SF with four private offices, conference room, kitchen, reception area and two bathrooms
- R2 zoning in the TOD District; professional services are permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,608
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 3,082 SF
Gross rent
$35.1K $11.40/SF
− Vacancy
−$6.3K −$2.05/SF
EGI
$28.8K $9.35/SF
− OpEx
−$7.2K −$2.34/SF
NOI
$21.6K $7.01/SF
Area
Harford County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Office B
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,910 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - R2 zoning within the TOD District permits professional services, with ramp access already installed.
Where is this office building located?
The property is located at 702 ROCK SPRING Road Bel Air, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,082 SF building on 0.58 acres; built in 1928; Main level is approximately 1,541 SF with four private offices, conference room, kitchen, reception area and two bathrooms; R2 zoning in the TOD District; professional services are permitted
