Office Building with Slate
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 Market30
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
Additional Details
Currently Operating
Yes
Property Use
Professional Office
Taxes and HOA fees
Tax Annual Amount
5253
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Amenities
hardwood floors
slate roof
stone fireplace
stone porch
handicap ramp access
dry basement
large attic
garage
Building Details
Year built
1928
Building materials
Shake Siding
Buildings
1
Listing Agency:
Garceau Realty
(410) 803-0714
Listed By:
David R Feazell · License #674137
(443) 299-7937
Added: Oct 3
Changed: Oct 27
Last Checked: Nov 1 at 8:06AM
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.
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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 approximately 1,541-square-foot main level has a reception area, four private offices, a conference room, kitchen and two bathrooms. A dry basement and walkable attic provide additional storage, and a detached one-car garage offers further parking or storage. The building features hardwood floors, cedar shake siding, a slate roof, stone details and a stone fireplace. Heating is provided by an oil-fired boiler and radiators; a new electric water heater is installed. A handicap ramp provides access, and the parking area may be expanded.
The property is on Rock Spring Road in Bel Air, where surrounding uses include professional offices, retail and other commercial activity. Reported traffic on Rock Spring Road is 13,800 CPD. Zoning is R2 within the TOD District, with professional services permitted.
The property is on Rock Spring Road in Bel Air, where surrounding uses include professional offices, retail and other commercial activity. Reported traffic on Rock Spring Road is 13,800 CPD. Zoning is R2 within the TOD District, with professional services permitted.
Key Highlights
- Approximately 3,082 SF building on 0.58 acres
- Main level of approximately 1,541 SF with four private offices and a conference room
- R2 zoning in the TOD District; professional services 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.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office building - R2 zoning in the TOD District allows professional services, with ramp access and private on-site parking.
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: Approximately 3,082 SF building on 0.58 acres; Main level of approximately 1,541 SF with four private offices and a conference room; R2 zoning in the TOD District; professional services permitted
