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7518-7526 Harford Rd 10,316 SF Vacant Office Building Baltimore, MD 21234 $799,000 ($77.45/SF) 10% Cap Rate
Investment Highlights
- Bank-owned / motivated seller
- Stable Parkville submarket location
- Sold AS-IS, WHERE-IS.Buyer to verify zoning, permitted uses, square footage, condition, and financial assumptions
- OR-1 zoning supports office and professional uses
- Major arterial frontage and regional highway connectivity
- Multiple exit strategies
Executive Summary
Lender-owned office with warehouse property located in the Parkville submarket of Northeast Baltimore, positioned directly along the Harford Road commercial corridor with regional access via I-695 (Baltimore Beltway), Perring Parkway, Belair Road, and East Northern Parkway.
The asset was previously marketed at $1,700,000 and is now offered at $799,000, representing a substantial basis reset for investors and owner-users.
The surrounding neighborhood consists of a stable mix of residential and commercial/light-industrial uses with no major adverse conditions noted by the appraiser.
Zoning is OR-1 (Office-Residential), and the appraiser concluded the highest and best use (as-vacant and as-improved) to be continued office with rear warehouse configuration.
Property is being sold by the lender AS-IS, WHERE-IS, with no seller repairs or warranties.
The asset was previously marketed at $1,700,000 and is now offered at $799,000, representing a substantial basis reset for investors and owner-users.
The surrounding neighborhood consists of a stable mix of residential and commercial/light-industrial uses with no major adverse conditions noted by the appraiser.
Zoning is OR-1 (Office-Residential), and the appraiser concluded the highest and best use (as-vacant and as-improved) to be continued office with rear warehouse configuration.
Property is being sold by the lender AS-IS, WHERE-IS, with no seller repairs or warranties.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$160,000
|
$15.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5
|
$0.00
|
| Effective Gross Income |
$159,995
|
$15.51
|
| Taxes |
$29,788
|
$2.89
|
| Operating Expenses |
$50,000
|
$4.85
|
| Total Expenses |
$79,788
|
$7.73
|
| Net Operating Income |
$80,207
|
$7.78
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $15.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5 |
| Annual Per SF | $0.00 |
| Effective Gross Income | |
|---|---|
| Annual | $159,995 |
| Annual Per SF | $15.51 |
| Taxes | |
|---|---|
| Annual | $29,788 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $4.85 |
| Total Expenses | |
|---|---|
| Annual | $79,788 |
| Annual Per SF | $7.73 |
| Net Operating Income | |
|---|---|
| Annual | $80,207 |
| Annual Per SF | $7.78 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Office
Building Size
10,316 SF
Building Class
B
Year Built
1930
Price
$799,000
Price Per SF
$77.45
Cap Rate
10%
NOI
$79,900
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,498 SF
Slab To Slab
10’
Building FAR
1.69
Lot Size
0.14 AC
Zoning
OR-1 - OR-1 / HR
Parking
4 Spaces (0.39 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Security System
- Skylights
- Kitchen
- Central Heating
- Partitioned Offices
- Reception
- Secure Storage
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3 stories + basement. Can be made contiguous with rest of suites in 7518 Harford Rd
- 10,000 sf Building - Partitioned Offices w/ Open Bullpen Area
contiguous with 7526
| Space | Size | Space Use | Condition | Available |
| Ste 7526 | 3,918 SF | Office | - | Now |
| 1st Fl-Ste 7518-A | 3,199 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 7518-B | 3,199 SF | Office | Full Build-Out | Now |
Ste 7526
| Size |
| 3,918 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 7518-A
| Size |
| 3,199 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 7518-B
| Size |
| 3,199 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ste 7526
| Size | 3,918 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
3 stories + basement. Can be made contiguous with rest of suites in 7518 Harford Rd
1st Fl-Ste 7518-A
| Size | 3,199 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
- 10,000 sf Building - Partitioned Offices w/ Open Bullpen Area
2nd Fl-Ste 7518-B
| Size | 3,199 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
contiguous with 7526
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Numbers | Total Assessment | $1,262,233 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $29,788 ($2.89/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 Payable 2027 |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,262,233 (2025)
Annual Taxes
$29,788 ($2.89/SF)
Tax Year
2026 Payable 2027
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7518-7526 Harford Rd
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