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    For Sale (9)

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    Broadway Retail and Wellness Building
    $395,000
    3,500 SF

    Broadway Retail and Wellness Building

    Two-unit retail building with wellness center in Baltimore, MD.

    508 S Broadway, Baltimore, MD 21231
    View details
    Updated Triplex in Reservoir Hill
    $515,000
    2,550 SF

    Updated Triplex in Reservoir Hill

    Income-producing triplex in a rapidly developing Baltimore neighborhood.

    2217 Linden Ave, Baltimore, MD 21217
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    Tenant-Occupied Triplex on York Road
    $350,000
    2,192 SF

    Tenant-Occupied Triplex on York Road

    Income-producing triplex with immediate rental income in a sought-after location.

    21521 York Rd, Freeland, MD 21053
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    Income-Producing Triplex on 3 Acres
    $425,000
    3.01 Acres

    Income-Producing Triplex on 3 Acres

    Fully occupied triplex with land and business potential in Freeland.

    21525 York Rd, Freeland, MD 21053
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    Renovated Duplex in Butchers Hill
    $500,000
    2,890 SF

    Renovated Duplex in Butchers Hill

    Turnkey multifamily property in a vibrant Baltimore neighborhood.

    2024 E Baltimore St E, Baltimore, MD 21231
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    Parkville Retail Center: Prime Investment
    $1,590,000
    6,100 SF

    Parkville Retail Center: Prime Investment

    High-traffic retail strip, excellent location.

    8035 Harford Ave, Parkville, MD 21234
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    Industrial Flex Property with Land
    $625,000

    Industrial Flex Property with Land

    Two buildings on 2.61 acres with expansion potential.

    703-705A Philadelphia Rd, Joppa, MD 21085
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    Retail Building Near Fells Point
    $395,000

    Retail Building Near Fells Point

    Two-unit retail building near Fells Point Market.

    508 S Broadway, Baltimore, MD 21231
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    Income-Producing Triplex on 3 Acres
    $425,000
    2,475 SF

    Income-Producing Triplex on 3 Acres

    Fully occupied triplex with bonus land and business potential.

    21525 York Rd, Freeland, MD 21053
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    For Lease (6)

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    Catonsville Retail/Office Space Available
    $2,700 / Mo
    32,234 SF

    Catonsville Retail/Office Space Available

    Secure 3,498 SF suite ideal for retail or office use.

    1330 Dillon Heights Ave, Catonsville, MD 21228
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    Catonsville Office Space Available
    $2,500 / Mo
    32,234 SF

    Catonsville Office Space Available

    Professional office space in Catonsville, MD, with customization options.

    1330 Dillon Heights Ave, Catonsville, MD 21228
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    Catonsville Retail or Office Space
    $2,700 / Mo
    32,234 SF

    Catonsville Retail or Office Space

    Retail or professional office space available for lease in Catonsville.

    1330 Dillon Heights Ave, Catonsville, MD 21228
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    Fells Point Commercial Space
    $1,100 / Mo
    1,089 SF

    Fells Point Commercial Space

    Renovated commercial space in the heart of Fells Point.

    1725 Bank St, Baltimore, MD 21231
    View details
    Baltimore Apartment with Flexible Layout
    $1,150 / Mo

    Baltimore Apartment with Flexible Layout

    Two-bedroom apartment in classic Baltimore rowhome near transportation.

    1037 Edmondson Ave, Baltimore, MD 21223
    View details
    Fells Point Commercial Space
    $1,100 / Mo

    Fells Point Commercial Space

    Newly renovated commercial space in the heart of Fells Point.

    1725 Bank St, Baltimore, MD 21231
    View details

    Leases and Sales on Map

    • For Sale
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    Keller Williams Gateway LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams Gateway LLC
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