Medical Office Condominium
For Sale
$775,000
720 Maiden Choice Lane Unit A-B, Baltimore, MD 21229
Lower-level brick medical and dental office suite with multiple rooms, kitchenette areas, and on-site parking.
Property Size5,000 SF
Price / SF$155
Days on Market137
Property Features for 720 Maiden Choice Lane Unit A-B
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Building Details
Year Built
1957
Listing Agency:
Keller Williams Lucido Agency
(410) 465-6900
Listed By:
Robert Lucido · License #5683002
(410) 465-6900
Source:
Xome
Added: Mar 16
Changed: Jul 10
Last Checked: Jul 16 at 6:41AM
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.
A charming brick-front lower level commercial condominium offering approximately 5,000 square feet of existing income-producing medical and dental office space. The interior is designed around a welcoming lobby with built-in desk areas and window cutouts, leading to a central hallway with dual water fountains. The layout includes a mix of spacious open work areas, private offices, storage and filing spaces, and flexible-use rooms with bay architecture.
The property is situated in Wilton Springs in Catonsville near Frederick Road, with easy access to I-695, Baltimore City, and surrounding commuter routes. Outside, it is surrounded by lush landscaping and provides ample parking for employees and clients.
For medical, dental, or other professional office users, the suite offers practical supporting infrastructure with two bathrooms, multiple kitchenette areas with cabinets and sinks, and a dedicated break room. With its adaptable room mix and abundant windows, the space can support a range of patient-facing and administrative workflows while maintaining a professional reception environment.
The property is situated in Wilton Springs in Catonsville near Frederick Road, with easy access to I-695, Baltimore City, and surrounding commuter routes. Outside, it is surrounded by lush landscaping and provides ample parking for employees and clients.
For medical, dental, or other professional office users, the suite offers practical supporting infrastructure with two bathrooms, multiple kitchenette areas with cabinets and sinks, and a dedicated break room. With its adaptable room mix and abundant windows, the space can support a range of patient-facing and administrative workflows while maintaining a professional reception environment.
Key Highlights
- Approximately 5,000 SF lower‑level brick commercial condominium with existing medical and dental office space
- Central Air and heating with 3 systems (per interior features)
- Multiple rooms including private offices, storage/filing spaces, and flexible‑use areas with bay architecture
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 | $108.0k | $21.60 |
| − Vacancy | −$18.9k | −$3.78 |
| EGI | $89.1k | $17.82 |
| − OpEx | −$22.3k | −$4.46 |
| NOI | $66.8k | $13.37 |
5,000 SF · lease $21.60/SF/yr · vacancy 17.50% · expense 25.00%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
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 - Lower-level brick medical and dental office suite with multiple rooms, kitchenette areas, and on-site parking.
Where is this medical office space located?
The property is located at 720 Maiden Choice Lane Unit 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 SF lower‑level brick commercial condominium with existing medical and dental office space; Central Air and heating with 3 systems (per interior features); Multiple rooms including private offices, storage/filing spaces, and flexible‑use areas with bay architecture
