End Unit Medical Office
For Sale
$195,000
7600 Osler Dr Unit 409, Towson, MD 21204
End unit medical office suite with waiting room, reception, exam rooms, and an executive office.
Property Size895 SF
Price / SF$217.88
Days on Market49
Property Features for 7600 Osler Dr Unit 409
General Information
Standard status
Active
Size
895 SF
Building Details
Year Built
1975
Listing Agency:
JS Realty LLC
Listed By:
Jolene A Smith · License #627503
(410) 963-2751
Source:
Kandorre
Added: Jul 21
Changed: Aug 21
Last Checked: Sep 7 at 7:47AM
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 JS Realty LLC
Investment Insights
Based on property information with market context.
7600 Osler Dr Unit 409 is an end unit medical office suite with a waiting room featuring natural lighting and a large reception area. The layout includes a file room area and an additional smaller room off the reception that can serve as a break room/kitchen area or storage room. Down the hallway are three exam rooms, plus a large executive office in the rear corner.
The suite also includes a smaller room suitable for storage or a secure file room. An alternate configuration is possible by converting the rear space to create additional office and conference room options.
Located close to UM St Joseph, the space is suited for professional medical or dental use. The seller is offering credit toward flooring at closing.
The suite also includes a smaller room suitable for storage or a secure file room. An alternate configuration is possible by converting the rear space to create additional office and conference room options.
Located close to UM St Joseph, the space is suited for professional medical or dental use. The seller is offering credit toward flooring at closing.
Key Highlights
- End unit medical office suite at 7600 Osler Dr Unit 409
- Waiting room with natural lighting plus a large reception area
- Includes break room/kitchen or storage off the reception
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
$10,832
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
5.55%
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%
$216,640
$216.6K
Cap Rate 7%
$154,743
$154.7K
Cap Rate 9%
$120,356
$120.4K
Market Conditions
NOI Build-Up for 895 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
$22.0K $24.60/SF
− Vacancy
−$4.0K −$4.43/SF
EGI
$18.1K $20.17/SF
− OpEx
−$7.2K −$8.07/SF
NOI
$10.8K $12.10/SF
Area
Baltimore County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
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%
$216,640
Cap Rate 7%
$154,743
Cap Rate 9%
$120,356
Alternative Uses
Best Use
Healthcare Medical
$154.7K
$135.4K – $180.5K
NOI $10,832 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$89.6K
$78.4K – $104.6K
NOI $6,275 @ 7.0% cap · market cap 3.22%
Theoretical Best
Multifamily LT 5
$8.68M
$7.60M – $10.13M
NOI $607,828 @ 7.0% cap · market cap 311.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,096
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21204, MD
20,967
Population
9,529
Households
2.2
Avg Household Size
36
Median Age
73%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,328
Density / Sq Mi
$98,452
Median Household Income
$53,889
Median Earnings
$1,894
Median Rent
$571,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - End unit medical office suite with waiting room, reception, exam rooms, and an executive office.
Where is this medical office space located?
The property is located at 7600 Osler Dr Unit 409 Towson, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: End unit medical office suite at 7600 Osler Dr Unit 409; Waiting room with natural lighting plus a large reception area; Includes break room/kitchen or storage off the reception
