Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Belair Road Office/Retail Space Title is generated by Realmo AI

    9309 Belair Rd, Perry Hall, MD 21236

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility 1,360 SF space on Belair Road.

    Type:Office
    Property size:
    1,360 SF
    Added:
    Jun 1, 2023
    Days on Market:
    1082
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 9309 Belair Rd

    General Information

    Standard status
    Active
    Size
    1,360 SF
    Property subtype
    Office

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 9309 Belair Rd Contact us

    Suite B $1.84/Mo

    Size
    1,360 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Kathy Townsend
    Kathy Townsend

    Listing agent Kathy Townsend License #MD 507416

    Listing office Cummings & Co, Commercial LLC

    Listing date Jun 1, 2023

    Source Crexi

    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 Cummings & Co, Commercial LLC

    HighLights

    • High‑visibility location on Belair Road with 25,000+ daily vehicle traffic.
    • 1,360 SF ground‑level space suitable for office or retail use.
    • Flexible BL zoning allows for multiple permitted uses.
    • Modified Gross Lease with limited expense pass‑throughs.
    • Includes a private office, ADA‑compliant restroom, and small lab/kitchen area.
    • Immediate occupancy available.

    Overview

    This 1,360 SF ground-level office/retail space offers prime exposure on Belair Road, with over 25,000 vehicles passing daily. Formerly a chiropractic office, the space is designed to adapt to various business needs. It features one private office suitable for focused work or client consultations, an ADA-compliant restroom, and a small lab or kitchen area. The expansive open layout is ideal for a reception area, waiting room, or collaborative workspace. A dedicated treatment area caters to medical, wellness, or general office use. The property is zoned BL, allowing for multiple permitted uses, with the original U&O being for office. Strong neighboring tenants include a medical practice and a tech company. The lease is modified gross, with no pass-throughs except for increases in expenses above the base year expense number. Immediate occupancy is available. This space is suitable for professional, medical, boutique retail, or office ventures in a busy commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry Hall
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4632086
    Latitude
    39.4127929

    Nearby Similar for Lease

    • Contact for pricing
      2,645 SF

      Retail and Office Space Available

      Retail and office spaces for lease in White Marsh, MD.
      5009 Honeygo Center Dr, Perry Hall, MD
      View Details
    • $9 SF/Yr

      Versatile Commercial Space Available

      Expansive commercial space suitable for storage, office, or data center.
      9317 Belair Rd, Perry Hall, MD 21236
      View Details
    • Contact for pricing

      Grocery-Anchored Power Center For Rent

      Dominant shopping center in Perry Hall, Maryland, with recent renovations.
      4291 Ebenezer Rd, Perry Hall, MD
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Baltimore County

      Retail space available in a Food Lion-anchored shopping center.
      8610 Walther Blvd, Perry Hall, MD
      View Details
    • Contact for pricing
      2,847 SF

      Retail Pad Sites For Lease

      Retail pad sites with drive-thru in a populated area.
      9803 Belair Rd, Perry Hall, MD
      View Details
    • Contact for pricing
      2,200 SF

      Retail Pad Sites Available

      Retail pad sites with drive-thru in a populated area.
      9706 Honeygo Blvd, Perry Hall, MD
      View Details
    • Contact for pricing
      4,108 SF

      Retail and Office Space Available

      Retail and office spaces for lease in White Marsh, MD.
      5007 Honeygo Center Dr, Perry Hall, MD
      View Details

    FAQs

    What type of property is this?
    Office units - High-visibility 1,360 SF space on Belair Road.
    Where is this office units located?
    The property is located at 9309 Belair Rd Perry Hall, MD.
    What are key features of this property?
    This property features: High‑visibility location on Belair Road with 25,000+ daily vehicle traffic.; 1,360 SF ground‑level space suitable for office or retail use.; Flexible BL zoning allows for multiple permitted uses.
    (410) 499-8292 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kathy Townsend
    Kathy Townsend
    Real Estate License ID: MD 507416
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9309 Belair Rd, Perry Hall, MD 21236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!