Remodeled Two-Story Office
For Sale
Contact for pricing
9511 Belair Road, Baltimore, MD 21236
Separate two-story office building offers a new interior with full kitchen and bath, ready for immediate occupancy.
Property Size798 SF
Price / SF$2.44
Days on Market441
Property Features for 9511 Belair Road
General Information
Standard status
Active
Size
798 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
COMMERCIAL
Lease Term
12 Months
Amenities
Electric
Yes
Natural Gas
Public
0.46
No
Assessor
Parking Lot
4
798.00
Building Details
Year Built
1954
Stories
2
Listing Agency:
Keller Williams Select Realtors of Annapolis
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Aug 2, 2025
Changed: Oct 15
Last Checked: Oct 14 at 8:30PM
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 Keller Williams Select Realtors of Annapolis
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Investment Insights
Based on property information with market context.
This totally gutted and remodeled commercial property is a separate building with two floors and an interior designed for professional use. Improvements include a full kitchen and bath, beautiful wood plank flooring, and new windows, with the space ready for immediate occupancy.
The building is situated in the back of the property on Belair Road, offering privacy and views from the site.
The configuration is well suited for a small business office, including professional services such as accounting, insurance, or real estate.
The building is situated in the back of the property on Belair Road, offering privacy and views from the site.
The configuration is well suited for a small business office, including professional services such as accounting, insurance, or real estate.
Key Highlights
- Separate two‑story office building with 798 SF total building area
- Totally gutted and remodeled interior; ready for immediate occupancy
- Full kitchen and bath in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,094
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,880
$221.9K
Cap Rate 7%
$158,486
$158.5K
Cap Rate 9%
$123,267
$123.3K
Market Conditions
NOI Build-Up for 798 SF
Gross rent
$17.7K $22.20/SF
− Vacancy
−$2.9K −$3.66/SF
EGI
$14.8K $18.54/SF
− OpEx
−$3.7K −$4.63/SF
NOI
$11.1K $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 Rate 5%
$221,880
Cap Rate 7%
$158,486
Cap Rate 9%
$123,267
Alternative Uses
Best Use
Office B
$158.5K
$138.7K – $184.9K
NOI $11,094 @ 7.0% cap · market cap 568.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.2K
$167.3K – $223.0K
NOI $13,382 @ 7.0% cap · market cap 686.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
547
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office units - Separate two-story office building offers a new interior with full kitchen and bath, ready for immediate occupancy.
Where is this office units located?
The property is located at 9511 Belair Road Baltimore, MD.
What are key features of this property?
This property features: Separate two‑story office building with 798 SF total building area; Totally gutted and remodeled interior; ready for immediate occupancy; Full kitchen and bath in the building
