Retail Office Center with
For Sale
$750,000
Pending
8860-8872 Belair Rd, Nottingham, MD 21236
Retail and office building with pylon signage and multiple demised units, suited for a range of commercial tenants.
Property Size8,000 SF
Lot Size0.52 Acres
Days on Market51
Property Features for 8860-8872 Belair Rd
General Information
Standard status
Pending
Size
8,000 SF
Lot size
0.52 Acres
Property subtype
Commercial
Zoning
BL
Additional Details
Traffic Count
30,000 vehicles/day
Office Units
3
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
ALEX COOPER AUCTIONEERS, INC.
(410) 828-4838
Listed By:
MATTHEW S COOPER · License #594308
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 30 at 3:59AM
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 ALEX COOPER AUCTIONEERS, INC.
Investment Insights
Based on property information with market context.
The property is an 8,000± square foot retail/office center on a 0.52± acre lot. The building was previously configured as four separate units, and it is currently demised into three units following a rear tenant expansion. The main level includes approximately 4,620± square feet of office/flex space that was built out for a children’s learning center, and a playground in the rear is included as part of the lease terms. At the rear, there are two grade-level units totaling approximately 3,404± square feet, each with its own parking area in front of the spaces, individual meters, and its own HVAC system. The rear units can potentially be separated further if a future configuration is desired.
The center is located on Belair Road with pylon signage on the property and additional marquee signage on the front of the building. The location is described as high-exposure, with more than 30,000 vehicles passing daily. The property is directly across from a Chick-fil-A and is surrounded by major retailers, restaurants, banks, and service businesses, with parking available for both front and rear tenants, including dedicated rear parking.
Zoning is listed as BL, which allows for a wide variety of commercial uses. The building is currently occupied by long-term tenants, and the lease terms are reported to extend through 2029, with many leases including renewal options and scheduled rental increases. Copies of the leases and rent roll are available in the document section.
The center is located on Belair Road with pylon signage on the property and additional marquee signage on the front of the building. The location is described as high-exposure, with more than 30,000 vehicles passing daily. The property is directly across from a Chick-fil-A and is surrounded by major retailers, restaurants, banks, and service businesses, with parking available for both front and rear tenants, including dedicated rear parking.
Zoning is listed as BL, which allows for a wide variety of commercial uses. The building is currently occupied by long-term tenants, and the lease terms are reported to extend through 2029, with many leases including renewal options and scheduled rental increases. Copies of the leases and rent roll are available in the document section.
Key Highlights
- 8,000± SF retail/office center on 0.52± acres with pylon signage on Belair Road and additional marquee signage
- Located directly across from Chick‑fil‑A on Belair Road with reported traffic of more than 30,000 vehicles per day
- Building has been demised into three units; main level is 4,620± SF office/flex space formerly built out for a children’s learning center
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 | $91.2k | $11.40 |
| − Vacancy | −$16.4k | −$2.05 |
| EGI | $74.8k | $9.35 |
| − OpEx | −$18.7k | −$2.34 |
| NOI | $56.1k | $7.01 |
8,000 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,231 @ 7.0% cap · market cap 15.10%
Second Best
Office B
$801.3K
$701.1K – $934.8K
NOI $56,088 @ 7.0% cap · market cap 7.48%
Theoretical Best
Multifamily LT 5
$77.62M
$67.91M – $90.55M
NOI $5,433,102 @ 7.0% cap · market cap 724.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
30,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Balanced
Demand for This Use
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 South region
Questions? Ask Rey
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Similar Off Market Nearby
- White Marsh Child Care Center III — 4130 E Joppa Rd #102, Baltimore, MD 21236
- White Marsh Child Care Center II — 8420 Belair Rd, Baltimore, MD 21236
- KidZone Learning Center — 4375 Ebenezer Rd, Nottingham, MD 21236
- Almost Home Childcare — 4291 Ebenezer Rd, Nottingham, MD 21236
- wisdom healthcare services — 9105 Belair Rd, Nottingham, MD 21236
Frequently Asked Questions
What type of property is this?
Day care center - Retail and office building with pylon signage and multiple demised units, suited for a range of commercial tenants.
Where is this day care center located?
The property is located at 8860-8872 Belair Rd Nottingham, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 8,000± SF retail/office center on 0.52± acres with pylon signage on Belair Road and additional marquee signage; Located directly across from Chick‑fil‑A on Belair Road with reported traffic of more than 30,000 vehicles per day; Building has been demised into three units; main level is 4,620± SF office/flex space formerly built out for a children’s learning center
