Medical Office
New
For Sale
$775,000
720 MAIDEN CHOICE LN #A-B A-B, Baltimore, MD 21229
Established professional office layout with private rooms, flexible work areas, and client parking.
Property Size5,000 SF
Price / SF$155
Days on Market4
Property Features for 720 MAIDEN CHOICE LN #A-B A-B
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Floor
Lower Level
Highway Access
Yes
Office Units
1
Amenities
lobby
water fountains
bathrooms
kitchenette areas
break room
landscaping
Building Details
Construction
brick
Listing Agency:
Keller Williams Lucido Agency
Listed By:
Robert J Lucido · License #17628
(410) 465-6900
Source:
Palmerharned
Added: Sep 5
Changed: Sep 8
Last Checked: Sep 8 at 9:12AM
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 Keller Williams Lucido Agency
Investment Insights
Based on property information with market context.
Lower-level commercial condominium with approximately 5,000 square feet of existing medical and dental office space. The brick-front property includes a reception lobby with built-in desk areas, a central corridor, private offices, open work areas, storage and filing rooms, and flexible-use rooms. Two bathrooms, multiple kitchenettes, and a separate break room support daily operations.
Large windows provide natural light throughout the interior, which also features chair railing, wainscoting, and decorative finishes. The property includes surrounding landscaping and parking for employees and clients. Access to Frederick Road and I-695 connects the office to Baltimore City and surrounding commuter routes.
Large windows provide natural light throughout the interior, which also features chair railing, wainscoting, and decorative finishes. The property includes surrounding landscaping and parking for employees and clients. Access to Frederick Road and I-695 connects the office to Baltimore City and surrounding commuter routes.
Key Highlights
- Approximately 5,000 square feet of medical and dental office space
- Lower‑level commercial condominium with brick‑front exterior
- Reception lobby, private offices, open work areas, storage, and flexible‑use rooms
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
$66,825
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
8.62%
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%
$1,336,500
$1.3M
Cap Rate 7%
$954,643
$954.6K
Cap Rate 9%
$742,500
$742.5K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$18.9K −$3.78/SF
EGI
$89.1K $17.82/SF
− OpEx
−$22.3K −$4.46/SF
NOI
$66.8K $13.37/SF
Area
ZIP 21229
Vacancy
17.50%
Lease Rate
$21.60 /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%
$1,336,500
Cap Rate 7%
$954,643
Cap Rate 9%
$742,500
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$900.9K – $1.20M
NOI $72,072 @ 7.0% cap · market cap 9.30%
Second Best
Office B
$954.6K
$835.3K – $1.11M
NOI $66,825 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,443 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established professional office layout with private rooms, flexible work areas, and client parking.
Where is this medical office space located?
The property is located at 720 MAIDEN CHOICE LN #A-B A-B Baltimore, MD.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 5,000 square feet of medical and dental office space; Lower‑level commercial condominium with brick‑front exterior; Reception lobby, private offices, open work areas, storage, and flexible‑use rooms
