Lower-Level Medical Office
For Sale
$775,000
A-b-720 Maiden Choice Ln, Baltimore, MD 21228
Brick-front lower-level condo with flexible medical and dental office layout, multiple rooms, and ample parking.
Property Size5,000 SF
Price / SF$155
Days on Market104
Property Features for A-b-720 Maiden Choice Ln
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Highway Access
Yes
Listing Agency:
Keller Williams Lucido Agency
(410) 465-6900
Listed By:
Robert J Lucido · License #4037
(410) 465-6900
Source:
Exprealty
Added: May 1
Changed: Jul 10
Last Checked: Aug 12 at 12:50PM
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 Lucido Agency
Investment Insights
Based on property information with market context.
Brick-front lower level commercial condominium offering approximately 5,000 square feet of existing, income-producing medical and dental office space. The building is well-maintained and designed around a welcoming lobby with built-in desk areas and window cutouts for reception. A central hallway with dual water fountains connects spacious open work areas, private offices, and storage and filing spaces, along with flexible-use rooms featuring bay architecture.
The interior includes two bathrooms and multiple kitchenette areas with cabinets and sinks, plus a dedicated break room. Classic chair railing and lower wainscoting, vintage-inspired finishes and wallpaper accents, soft light blue tones, and abundant windows help carry natural light throughout. The property is set within lush landscaping and provides ample parking for employees and clients.
With an established professional office setup that can accommodate medical, dental, or other professional uses, this condo is suited for practitioners or office users seeking a ready-to-operate environment. Its convenient access to Frederick Road and I-695, along with proximity to Baltimore City and commuter routes, supports regular client and staff travel.
The interior includes two bathrooms and multiple kitchenette areas with cabinets and sinks, plus a dedicated break room. Classic chair railing and lower wainscoting, vintage-inspired finishes and wallpaper accents, soft light blue tones, and abundant windows help carry natural light throughout. The property is set within lush landscaping and provides ample parking for employees and clients.
With an established professional office setup that can accommodate medical, dental, or other professional uses, this condo is suited for practitioners or office users seeking a ready-to-operate environment. Its convenient access to Frederick Road and I-695, along with proximity to Baltimore City and commuter routes, supports regular client and staff travel.
Key Highlights
- Approximately 5,000 SF brick‑front lower‑level medical and dental office condo with existing income‑producing space
- Flexible interior layout with open work areas, private offices, storage and filing spaces, and adaptable rooms for professional use
- Welcoming lobby with built‑in desk areas and window cutouts, plus a central hallway with dual water fountains
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,280
$1.4M
Cap Rate 7%
$993,057
$993.1K
Cap Rate 9%
$772,378
$772.4K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$111.0K $22.20/SF
− Vacancy
−$18.3K −$3.66/SF
EGI
$92.7K $18.54/SF
− OpEx
−$23.2K −$4.63/SF
NOI
$69.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,280
Cap Rate 7%
$993,057
Cap Rate 9%
$772,378
Alternative Uses
Best Use
Healthcare Medical
$1.04M
$905.9K – $1.21M
NOI $72,468 @ 7.0% cap · market cap 9.35%
Second Best
Office B
$993.1K
$868.9K – $1.16M
NOI $69,514 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,850 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21228, MD
50,418
Population
20,357
Households
2.5
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
15.6 sq mi
ZIP Area
3,232
Density / Sq Mi
$107,714
Median Household Income
$59,038
Median Earnings
$1,631
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick-front lower-level condo with flexible medical and dental office layout, multiple rooms, and ample parking.
Where is this medical office space located?
The property is located at A-b-720 Maiden Choice Ln Baltimore, MD.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 5,000 SF brick‑front lower‑level medical and dental office condo with existing income‑producing space; Flexible interior layout with open work areas, private offices, storage and filing spaces, and adaptable rooms for professional use; Welcoming lobby with built‑in desk areas and window cutouts, plus a central hallway with dual water fountains
