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5915 Belair Rd 5,000 SF Retail Building Baltimore, MD 21206 $978,411 CAD ($195.68 CAD/SF) 10.05% Cap Rate
Investment Highlights
- Net lease. Almost Triple Net
- Great location with ample parking
- Major, substantial, long term tenant
Executive Summary
Major price reduction makes this a real bargain. Great investment opportunity with one major tenant and an almost triple net lease. The tenant pays all taxes, utilities, insurances and most maintenance. The owner is responsible for some maintenance. The building is in exellent condition. The parking lots were just resurfaced. The property is well maintained with many updates. 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 10%.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$98,110
|
$19.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$98,110
|
$19.62
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $98,110 |
| Annual Per SF | $19.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $98,110 |
| Annual Per SF | $19.62 |
| Net Operating Income (CAD) | |
|---|---|
| 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
$978,411 CAD
Price Per SF
$195.68 CAD
Cap Rate
10.05%
NOI
$98,317 CAD
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
- $19.62 CAD
- 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 | $19.62 CAD | Triple Net | Sep 2027 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5730-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $734,508 CAD |
Property Taxes
Parcel Number
5730-005
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$734,508 CAD
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5915 Belair Rd
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