620 Boulton St Bel Air, MD 21014-4255
- Office buildings
- 21,008 SF
- 1.22 lot acres
May 20, 2025
Current Use by Public Records
- Belinda Weinberg / Optometrist
- Johns Hopkins Pediatric Ophthalmology / Pediatric Ophthalmologist
- Sandra R Rozar OD / Ophthalmologist
- Dr. Edward Kuwera / Health Care Facility
- Corea Richard T OD / Optometrist
Property Details for 620 Boulton St
- Year built
- 1986
- Construction
- BRICK
- Lot size
- 1.22 lot acres
- Property size
- 21,008 SF
- Zone code
- M1
- Property type
- Office buildings
- APN
- 03-010937
- APU
- 3010937
Description
This exceptional 20,000-square-foot medical office building in Bel Air, MD, presents a rare investment opportunity. The property, constructed in 1986 and renovated in 2012, features two suites totaling 20,000 square feet, currently fully vacant. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 20,000 square feet. The building boasts a Class B rating, two stories, and an elevator. Situated on 1.22 acres of land, it includes ample parking with 70 spaces on-site and an additional 30 spaces in a rear lot. The building's zoning is B3. Its prime location in Bel Air offers high visibility, with 13,000 cars passing daily on Boulton Street and 42,000 cars daily on nearby Route 24. The property benefits from its proximity to national retailers, Harford Mall, new developments, and the University of Maryland Upper Chesapeake Medical Center. The building's design includes 15,000 square feet of clinic space and a 5,000-square-foot ambulatory surgical center. Numerous improvements have been made since 2015. This turnkey property offers a proven track record of medical success and is ideal for an end-user seeking to establish or expand their presence in the thriving Bel Air market. The property is available for sale or lease.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,165,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,620,000
- 6.5%
- $2,415,000
- 7%
- $2,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,346,000
- AI Estimate
- $3,486,000
Market price range: $3.45M - $5.64MMarket price range: $2.63M - $5.01M
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Location Insight
- Map
- Local Demand
- City
- Bel Air
- County
- Harford
- State
- Maryland
- Longitude
- -76.3604
- Latitude
- 39.5266
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA