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- LoopNet Team
5610 Harford Rd
Baltimore, MD 21214
5610 Harford Rd. · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Day Care
- Security System
- Central Heating
- Drop Ceiling
- Air Conditioning
ABOUT 5610 HARFORD RD , BALTIMORE, MD 21214
Can you find a better deal? 5610 Harford Rd. is a 15,000 sq. ft. office building comprised of 3 floors, with a 11.22% cap rate and an 18% projected cash-on-cash return on investment. Elevator service makes all floors ADA-accessible. Fire sprinkler systems on ground floor and second floor. C-2 zoning allows many business uses, including office, day care, and restaurant. Building is currently built-out as and has historically been used as office space. Currently 73% occupied. Baltimore City Health Department WIC program, a long-term tenant tenant since 2004, occupies 1/3 of the building (ground floor). Middle floor is fully occupied by an adult day care center and a contracting company. Top floor is partly occupied by owner, who can sign a long-term lease and stay or vacate depending on purchaser’s preference. 4,000 +/- sq. ft. is currently vacant, making this building perfect for either an owner/user or an investor. Hamilton was named #4 in Redfin’s top “10 hottest affordable neighborhoods in the U.S.” Jump on this chance to own a cash-producing asset in an up-and-coming neighborhood! OFFERING SUMMARY: $1,100,000 $66 per square foot 6.1 Times current actual rent (GRM) 4.3 Times Projected Annual Rent (GRM) 11.22% Cap Rate 18% Projected cash-on-cash return on investment
PROPERTY TAXES
| Parcel Number | 5414-040 | Improvements Assessment | $940,100 |
| Land Assessment | $101,400 | Total Assessment | $1,041,500 |
PROPERTY TAXES
