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Property profile & analytics
OFF-MARKET Estimated value $510,000
Medical Office Space

12 Newport Dr Forest Hill, MD 21050-1758

9,118 SF 0.76 ac lot Built 2007
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US40-0686321
Property summary
AI-generated overview

This exceptional 9,118 square foot commercial property, located at 12B Newport Drive in Forest Hill, Maryland, presents a unique investment opportunity. The single-story, 2007-built building, renovated in 2019, is classified as Class B and features a total of three suites within a single building on a 0.76-acre lot. Currently, there is no vacant space. The property is zoned CI and boasts ample parking with 25+ spaces available, supplemented by convenient street parking. Suite B, a 3,000 square foot space, is immediately available and features 10-foot drop ceilings, two private bathrooms, and a utility area. This space is ideally suited for a variety of uses, previously occupied by a fitness center, and benefits from high visibility due to its central location between Agape Physical Therapy and Bayada. The property enjoys a prime location with significant traffic counts (19,400 cars per day on Rock Spring Rd) and a large population base (74,000 people within a 5-mile radius). The minimum divisible space is 3,000 square feet, with a maximum contiguous space also at 3,000 square feet. This property offers a blend of traditional office and medical office suitability, making it a versatile option for various businesses. An introductory lease rate is available. The property's features include signage opportunities and excellent access for clients and employees.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Total area 9,118 SF
Lot 0.76 ac (33,186 SF)
Zoning code CI
APN 03-254992
UPID US40-0686321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jacalyn Reagan Physician
  • Carroll Sports Rehab Physician
  • MICHELLE R MCCARTY Physician
  • Miss Elizabeth Betlejewski Physician
  • Limitless Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$508k
Blend (final) Blend
$510k
Owner & transaction history
Watson LLC · 25 yrs held
Watson LLC
since 2001
4 recorded transactions
2017
Price N/A
2001
$150,000
2001
Price N/A
1997
$90,000
Zoning & alternative use
CI · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $775,000 +30.5%
Industrial (general) $595,000 +0.0%
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