Property profile

620 Boulton St Bel Bel Air, MD 21014

FOR LEASE
Office buildings
Property ID
US40-0719777
21,008 SF 1.22 ac lot Built 1986
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction BRICK
Total area 21,008 SF
Lot 1.22 ac (53,143 SF)
Zoning code M1
APN 03-010937
UPID US40-0719777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Ophthalmologist
  • Ophthalmologist
  • Health Care Facility
  • Physician

Location

620 Boulton St, Unit Bel Bel Air, MD 21014
Bel Air metro Census 303801 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.42M
Comparable Approach Comparable
$3.49M
Blend (final) Blend
$3.17M

Owner & transaction history

since 2025
Last sale
$2.5M
1 recorded transaction
2025
$2.5M

Zoning & alternative use

M1 · Bel Air, MD
Zoning description

M-1 Industrial District. § 165-35 Permitted use tables. § 165-22 Purpose. A. This article establishes zoning districts within the incorporated boundary of Bel Air, Maryland, and outlines the associated standards and regu…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $4.8M +5.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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