Bel Air Investment
For Sale
$1,289,000
715 S Shamrock Rd, Bel Air, MD 21014
Two-level brick building on over 2 acres of land.
Property Size11,000 SF
Lot Size2.00 Acres
Price / SF$117.18
Days on Market102
Property Features for 715 S Shamrock Rd
General Information
Standard status
Active
Size
11,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
EXHALE REALTY LLC
(443) 983-9058
Listed By:
ERICKA S PAYNE · License #619483
Source:
Corcoran
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 30 at 7:45AM
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 EXHALE REALTY LLC
Investment Insights
Based on property information with market context.
Located in Bel Air, this two-level brick building presents an investment opportunity. The corner lot property includes over 2 acres of land and approximately 11,000 square feet of space. The site has over 30 parking spaces. Currently zoned R-O for Residential Office, the property offers interior space suitable for remodeling based on potential use and rental income. The property benefits from visibility from the main roads and includes exterior land suitable for potential redevelopment. The location is minutes from downtown Bel Air and Interstate 95.
Key Highlights
- Over 2 acres of land with redevelopment potential.
- High visibility corner lot location near main roads.
- Approximately 11,000 square foot two‑level brick building.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.4k | $11.40 |
| − Vacancy | −$22.6k | −$2.05 |
| EGI | $102.8k | $9.35 |
| − OpEx | −$25.7k | −$2.34 |
| NOI | $77.1k | $7.01 |
11,000 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$964.0K – $1.29M
NOI $77,121 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $270,932 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
835
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-level brick building on over 2 acres of land.
Where is this office building located?
The property is located at 715 S Shamrock Rd Bel Air, MD.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: Over 2 acres of land with redevelopment potential.; High visibility corner lot location near main roads.; Approximately 11,000 square foot two‑level brick building.
