Two-Level Corner Office
For Sale
$1,289,000
715 S SHAMROCK Road, Bel Air, MD 21014
Commercial Sale - BEL AIR, MD
Property Size11,000 SF
Lot Size2.04 Acres
Price / SF$117.18
Days on Market111
Property Features for 715 S SHAMROCK Road
General Information
Property type
Other
Property subtype
Office
Parking
30
Parking features
Offsite, 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
2.04 Acres
Taxes and HOA fees
Tax Annual Amount
19134
Building Details
Year built
1967
Number of units
1
Building materials
Brick Veneer
Listing Agency:
Exhale Realty LLC
(443) 983-9058
Listed By:
Ericka S Payne · License #619483
(850) 677-1638
Added: Apr 21
Changed: Jul 13
Last Checked: Aug 9 at 2:06AM
MLS# MDHR2054138
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.
This property offers a corner lot, two-level brick office building with a reported total building area of approximately 11,000 square feet. The site includes over 2 acres of land and more than 30 parking spaces. The interior space is available for remodeling based on the buyer’s intended use.
The property is listed as having visibility from main roads and is located minutes from downtown Bel Air and Interstate 95, providing convenient access for prospective users. The land and existing building configuration support a range of redevelopment or reuse possibilities, subject to applicable approvals.
According to the listing, the property is currently zoned R-O for Residential Office.
The property is listed as having visibility from main roads and is located minutes from downtown Bel Air and Interstate 95, providing convenient access for prospective users. The land and existing building configuration support a range of redevelopment or reuse possibilities, subject to applicable approvals.
According to the listing, the property is currently zoned R-O for Residential Office.
Key Highlights
- Two‑level brick building built in 1967
- Approximately 11,000 SF building on over 2 acres at a corner lot
- Offsite parking lot with over 30 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
$77,121
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
5.98%
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%
$1,542,420
$1.5M
Cap Rate 7%
$1,101,729
$1.1M
Cap Rate 9%
$856,900
$856.9K
Market Conditions
NOI Build-Up for 11,000 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
$125.4K $11.40/SF
− Vacancy
−$22.6K −$2.05/SF
EGI
$102.8K $9.35/SF
− OpEx
−$25.7K −$2.34/SF
NOI
$77.1K $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 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%
$1,542,420
Cap Rate 7%
$1,101,729
Cap Rate 9%
$856,900
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
Lease Details
Yes
Highway access
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 - Corner lot two-level brick office building with parking and over 2 acres of land, zoned R-O for Residential Office.
Where is this office building located?
The property is located at 715 S SHAMROCK Road 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: Two‑level brick building built in 1967; Approximately 11,000 SF building on over 2 acres at a corner lot; Offsite parking lot with over 30 parking spaces
