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Belvedere Medical Center 5820 York Rd 24,963 SF 100% Leased Office Building Baltimore, MD 21212 $3,521,225 CAD ($141.06 CAD/SF) 9% Cap Rate
Investment Highlights
- High-visibility location along York Road with strong daily traffic counts.
- Recently renovated in 2009, featuring masonry construction and updated systems.
- Convenient access to major neighborhoods including Towson, Govans, and Homeland.
- Stable, 100% occupancy with a well-diversified tenant base anchored by DaVita Dialysis.
- On-site parking with a favorable 5 per 1,000 RSF ratio.
- Value-add potential through rental rate increases and lease restructuring.
Executive Summary
Thomas Park Commercial is pleased to present the exclusive offering of 5820 York Road, a 20,000 square foot medical office building prominently positioned along one of Baltimore’s most active commuter corridors. Anchored by Davita Dialysis, the property is 100% occupied by a diverse mix of tenants, providing immediate in-place cash flow with significant upside potential through rental rate adjustments and lease restructuring. Current lease rates are below market with minimal expense passthroughs, offering investors a compelling value-add opportunity upon lease renewals or tenant turnover.
Situated on high-visibility York Road, the property benefits from excellent frontage, strong traffic counts, and convenient access to the surrounding Towson, Govans, and Homeland neighborhoods. The building’s location, visibility, and tenant stability make it a highly desirable asset for investors seeking both steady income and long-term appreciation in a proven Baltimore corridor.
Situated on high-visibility York Road, the property benefits from excellent frontage, strong traffic counts, and convenient access to the surrounding Towson, Govans, and Homeland neighborhoods. The building’s location, visibility, and tenant stability make it a highly desirable asset for investors seeking both steady income and long-term appreciation in a proven Baltimore corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,963 SF
Building Class
B
Year Built/Renovated
1965/2009
Price
$3,521,225 CAD
Price Per SF
$141.06 CAD
Cap Rate
9%
NOI
$316,910 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,000 SF
Building FAR
0.57
Lot Size
1.01 AC
Zoning
C2, Baltimore City
Parking
84 Spaces (5 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
-
Jan 0000
Balance Point Wellness provides therapy and professional psychiatric care for individuals, children, families, and organizations seeking mental health support. The company offers in-person and virtual care, with services that include therapy, medication management, psychiatry, acupuncture, and nutritional guidance. Balance Point Wellness also emphasizes insurance-friendly and personalized treatment plans, and the business maintains an ACHC accreditation. The company serves Maryland and Delaware through a network of practice locations and telehealth options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5099-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,409,546 CAD |
Property Taxes
Parcel Number
5099-008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,409,546 CAD
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Belvedere Medical Center | 5820 York Rd
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