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5915 Belair Rd 5,000 SF Retail Building Baltimore, MD 21206 $899,000 ($179.80/SF) 7.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Net lease. Almost Triple Net
- Great location with ample parking
- Major, substantial, long term tenant
EXECUTIVE SUMMARY
Great investment opportunity with one major tenant and an almost triple net lease. There is one major tenant. The tenant pays all taxes, utilities, insurances and most maintenance. The owner is responsible for some maintenance. The parking lots were just resurfaced. The property is well maintained. It has ample parking in the front and in the rear. The basement provides kennel space for about 50 pets. The main level has over 2900 sq ft. It features a waiting area, patient rooms, a surgical space an XRAY room and all that is needed for a desirable modern animal hospital. The lease is for 5,000 total sq ft. It has been a popular animal hospital for over twenty years. This could be a care free investment opportunity with a desirable cap rate of about 8%.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$70,092
|
$14.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,092
|
$14.02
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,092 |
| Annual Per SF | $14.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,092 |
| Annual Per SF | $14.02 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,000 SF
Building Class
C
Year Built
1951
Price
$899,000
Price Per SF
$179.80
Cap Rate
7.92%
NOI
$71,200
Tenancy
Single
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.18 AC
Zoning
C2 - C2 zoning typically designates areas for general commercial activity with a medium intensity
Parking
8 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
46’ on Belair Rd
AMENITIES
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Academy Animal Hospital
- Professional, Scientific, and Technical Services
- 5,000 SF
- $14.02
- Triple Net
- Sep 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Academy Animal Hospital | Professional, Scientific, and Technical Services | 5,000 SF | $14.02 | Triple Net | Sep 2027 |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5730-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $532,333 |
PROPERTY TAXES
Parcel Number
5730-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$532,333
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5915 Belair Rd
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