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    Medical Spa Space For Lease Title is generated by Realmo AI

    8890 Mcdonogh Rd, Owings Mills, MD 21117

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    For Lease
    $2,500/Mo $27 SF/Yr (calc)

    Furnished medical spa space available for lease in McDonogh Crossings.

    Type:Commercial
    Property size:
    1,077 SF
    Added:
    Apr 19, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 21 at 9:01 pm

    Property Features for 8890 Mcdonogh Rd

    General Information

    Standard status
    Active
    Size
    1,077 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    FRANETTE ROSCHUNI
    FRANETTE ROSCHUNI

    Listing agent FRANETTE ROSCHUNI License #621165

    Listing office HOMESMART

    Listing date Apr 19, 2026

    Source Corcoran

    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 HOMESMART

    HighLights

    • Fully furnished medical spa space available immediately (if furnished option is selected).
    • Located in desirable McDonogh Crossings, offering a professional and upscale environment.
    • Ideal for aesthetic and wellness practitioners looking to expand or launch a business.
    • Option to lease furnished or unfurnished.
    • Opportunity to partner with the organization in the future.
    • Water included in condo fees (paid by owner).

    Overview

    This condo is available immediately, furnished or unfurnished. The space is offered at $3000 per month furnished, or $2500 per month unfurnished. It might take a week to remove the furniture. The property is a beautifully furnished medical spa space available for a 2-year lease, with an exceptional opportunity to partner with the organization in the future. Located in McDonogh Crossings, it provides a professional and upscale setting ideal for aesthetic and wellness practitioners. This premium space is thoughtfully designed for licensed professionals seeking to elevate their practice in a sophisticated state-of-the-art environment. It is perfectly suited for those looking to expand an existing business or launch a new venture. The tenant will pay for the electricity for the unit, as each unit has its own meter. Water is covered by the condo fees, which the owner will pay. There are 2 restrooms on each floor. The area is 1077 square feet.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7866025
    Latitude
    39.3908784

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    FAQs

    What type of property is this?
    Spa & wellness property - Furnished medical spa space available for lease in McDonogh Crossings.
    Where is this spa & wellness property located?
    The property is located at 8890 Mcdonogh Rd Owings Mills, MD.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Fully furnished medical spa space available immediately (if furnished option is selected).; Located in desirable McDonogh Crossings, offering a professional and upscale environment.; Ideal for aesthetic and wellness practitioners looking to expand or launch a business.
    (301) 352-4065
    We can help!
    Listing Contact
    FRANETTE ROSCHUNI
    FRANETTE ROSCHUNI
    Real Estate License ID: 621165
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    8890 Mcdonogh Rd, OWINGS MILLS, MD 21117
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