Medical Office
For Sale
$775,000
720 MAIDEN CHOICE Lane, Baltimore, MD 21229
Commercial Sale, BALTIMORE, MD
Property Size5,000 SF
Price / SF$155
Days on Market139
Property Features for 720 MAIDEN CHOICE Lane
General Information
Property type
Other
Property subtype
Office
Parking features
Parking Lot
Subdivision
WILTON SPRINGS
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
7495
Utilities
Heating system
Forced Air, Zoned
Cooling system
Central Air
Amenities
welcoming lobby with built-in desk areas and window cutouts
central hallway with dual water fountains
spacious open work areas
private offices
storage and filing spaces
flexible-use rooms with bay architecture
two bathrooms
multiple kitchenette areas
dedicated break room
chair railing
lower wainscoting
vintage-inspired finishes and wallpaper accents
abundant windows
lush landscaping
Building Details
Year built
1957
Number of units
1
Building materials
Brick
Listing Agency:
Keller Williams Lucido Agency · Keller Williams Realty
Listed By:
Robert J Lucido · License #4037
(410) 465-6900
Added: May 8
Changed: Sep 16
Last Checked: Sep 23 at 3:06AM
MLS# MDBC2161392
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 lower-level commercial condominium contains approximately 5,000 square feet of established medical and dental office space. The interior includes a reception lobby, central corridor, open work areas, private offices, storage and filing rooms, flexible-use rooms, two bathrooms, multiple kitchenettes, and a separate break room. Brick construction, abundant windows, chair rail and wainscoting details, and soft blue interior finishes define the space. Zoned forced-air heat and central air provide building systems suited to professional office use.
The property was built in 1957 and includes a parking lot surrounded by landscaped grounds. Its location near Frederick Road provides access to I-695, Baltimore City, and surrounding commuter routes. The existing configuration supports medical, dental, and other professional office operations.
The property was built in 1957 and includes a parking lot surrounded by landscaped grounds. Its location near Frederick Road provides access to I-695, Baltimore City, and surrounding commuter routes. The existing configuration supports medical, dental, and other professional office operations.
Key Highlights
- Approximately 5,000 square feet of medical and dental office space
- Lower‑level commercial condominium with private offices, open work areas, and flexible‑use rooms
- Two bathrooms, multiple kitchenettes, storage areas, and a dedicated break room
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
659
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Lower-level condominium with flexible rooms, private offices, multiple kitchenettes, and a dedicated parking lot.
Where is this medical office space located?
The property is located at 720 MAIDEN CHOICE Lane 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 private offices, open work areas, and flexible‑use rooms; Two bathrooms, multiple kitchenettes, storage areas, and a dedicated break room
