Three-Story Mixed-Use
For Sale
$599,333
8725 Belair Rd, Baltimore, MD 21236
Two buildings offer separate office access, off-street parking, and a detached utility-equipped structure.
Property Size2,388 SF
Price / SF$250.98
Days on Market38
Property Features for 8725 Belair Rd
General Information
Standard status
Active
Size
2,388 SF
Property subtype
Commercial
Zoning
C/B Community Business
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1952
Buildings
2
Listing Agency:
Weichert, Realtors - Diana Realty
(410) 808-1010
Listed By:
Steve R Kuzma · License #29833
Source:
Baltimoreharfordhomesforsale
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 30 at 6:07PM
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 Weichert, Realtors - Diana Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a three-story primary building and a separate detached structure. The main building is currently configured for both residential and professional office use, with an independent office entrance and dedicated parking. The detached building has plumbing and electric service, adding functional support space to the site.
Positioned on Belair Road in Baltimore, the property carries C/B Community Business zoning. Two curb cuts provide separate points for ingress and egress, while off-street parking serves the buildings. The existing configuration and stated zoning support consideration for professional office use, as well as adult or child daycare operations.
Positioned on Belair Road in Baltimore, the property carries C/B Community Business zoning. Two curb cuts provide separate points for ingress and egress, while off-street parking serves the buildings. The existing configuration and stated zoning support consideration for professional office use, as well as adult or child daycare operations.
Key Highlights
- C/B Community Business zoning
- 2,388 property size
- Three‑story primary building with a separate detached structure
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
$33,200
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
5.54%
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%
$664,000
$664.0K
Cap Rate 7%
$474,286
$474.3K
Cap Rate 9%
$368,889
$368.9K
Market Conditions
NOI Build-Up for 2,388 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
$53.0K $22.20/SF
− Vacancy
−$8.7K −$3.66/SF
EGI
$44.3K $18.54/SF
− OpEx
−$11.1K −$4.63/SF
NOI
$33.2K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /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%
$664,000
Cap Rate 7%
$474,286
Cap Rate 9%
$368,889
Alternative Uses
Best Use
Office B
$474.3K
$415.0K – $553.3K
NOI $33,200 @ 7.0% cap · market cap 5.54%
Second Best
Mixed Use
$470.8K
$411.9K – $549.2K
NOI $32,954 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$572.1K
$500.6K – $667.5K
NOI $40,047 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 21236, MD
40,555
Population
16,267
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
4,557
Density / Sq Mi
$92,130
Median Household Income
$56,457
Median Earnings
$1,591
Median Rent
$306,800
Median Home Value
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings offer separate office access, off-street parking, and a detached utility-equipped structure.
Where is this mixed-use property located?
The property is located at 8725 Belair Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $599,333.
What are key features of this property?
This property features: C/B Community Business zoning; 2,388 property size; Three‑story primary building with a separate detached structure
