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    For Sale (30)

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    Millers Island Land Opportunity
    $360,000
    2.42 Acres

    Millers Island Land Opportunity

    2.42 acres of raw land near Chesapeake Bay.

    9TH 382-387, Sparrows Point, MD 21219
    View details
    Renovated Duplex in Baltimore
    $300,000
    2,600 SF

    Renovated Duplex in Baltimore

    2000+ SQFT renovated duplex with vacant units in Baltimore.

    2604 Garrett Ave, Baltimore, MD 21218
    View details
    WESTMINSTER Office Building For Sale
    $599,500
    3,000 SF

    WESTMINSTER Office Building For Sale

    Renovated office building in the heart of Westminster, Maryland.

    611 Nursery Rd, Westminster, MD 21157
    View details
    Woodbine Land Parcel For Sale
    $450,000
    1.15 Acres

    Woodbine Land Parcel For Sale

    1.15 acre lot to build your dream home.

    869 Morgan Station Rd, Woodbine, MD 21797
    View details
    Land in Canton/Brewers Hill Border
    $575,000
    0.10 Acres

    Land in Canton/Brewers Hill Border

    Land suitable for redevelopment near Canton and Brewers Hill.

    3518 Odonnell St, Baltimore, MD 21224
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    Vacant Land in McElderry Park
    Contact for pricing
    0.02 Acres

    Vacant Land in McElderry Park

    Vacant land near Johns Hopkins, Patterson Park, and commuter routes.

    623 N Rose St, Baltimore, MD 21205
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    Mixed-Use Property with Income Potential
    $250,000
    1,400 SF

    Mixed-Use Property with Income Potential

    Mixed-use property featuring banquet hall and residential unit in Baltimore.

    2200 Jefferson St, Baltimore, MD 21205
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    Land Ready For Dream Home
    $450,000
    1.15 Acres

    Land Ready For Dream Home

    1.118-acre homesite to build your dream home.

    863 Morgan Station Rd, Woodbine, MD 21797
    View details
    Picturesque Farmstead in Carroll County
    $825,000
    40.73 Acres

    Picturesque Farmstead in Carroll County

    40.73-acre farmstead with a classic farmhouse and agricultural potential.

    1309 Trevanion Rd, Union Bridge, MD 21791
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    Hampstead Land For Sale
    $1,900,000
    10.14 Acres

    Hampstead Land For Sale

    10.14 acre commercial land available in Hampstead, Maryland.

    Hanover Pike, Hampstead, MD 21074
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    Land in Millers Island Community
    $30,000
    2.42 Acres

    Land in Millers Island Community

    2.42 acres of raw land near Chesapeake Bay.

    9Th St, Sparrows Point, MD 21219
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    Waterview Land in Millers Island
    $149,000
    0.24 Acres

    Waterview Land in Millers Island

    Rare opportunity: Waterview lot in Baltimore County's Millers Island.

    2810-A 12Th St, Baltimore, MD 21219
    View details
    Residential Multifamily Zoned Land
    $70,000
    0.46 Acres

    Residential Multifamily Zoned Land

    Residential land in Oxon Hill, MD, zoned for multifamily.

    Wheeler Rd, Oxon Hill, MD 20745
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    Hampstead Commercial Property for Sale
    $365,000
    1,800 SF

    Hampstead Commercial Property for Sale

    Turnkey professional office space in revitalized Hampstead.

    1355 N Main St, Hampstead, MD 21074
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    Westminster Land for Recreational Use
    $34,995
    0.56 Acres

    Westminster Land for Recreational Use

    0.56-acre property in Carroll County, MD, ideal for recreational use.

    55 Glen Dr, Westminster, MD 21157
    View details
    Bel Air Land for Sale
    $40,000
    1.08 Acres

    Bel Air Land for Sale

    1.08 acre lot in established Evergreen Heights neighborhood.

    Bonnie Ave, Bel Air, MD 21014
    View details
    Baltimore Land Development Opportunity
    $49,000
    0.03 Acres

    Baltimore Land Development Opportunity

    Unimproved lot zoned R-8 for development in Baltimore, MD.

    501 E 20Th St, Baltimore, MD 21218
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    Baltimore Land Development Opportunity
    Contact for pricing
    0.02 Acres

    Baltimore Land Development Opportunity

    Unimproved end-of-group lot in a prime location.

    401 Pitman Pl, Baltimore, MD 21202
    View details
    Baltimore Land Development Opportunity
    Contact for pricing
    0.02 Acres

    Baltimore Land Development Opportunity

    Two unimproved parcels for single/multi-family development.

    2324 Milliman St, Baltimore, MD 21205
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    Land Parcel in Baltimore, MD
    Contact for pricing
    0.02 Acres

    Land Parcel in Baltimore, MD

    Two unimproved parcels with development opportunities in Baltimore, Maryland.

    2322 Milliman St, Baltimore, MD 21205
    View details
    Prime Hampstead Office Building
    $425,000
    3,960 SF

    Prime Hampstead Office Building

    Turnkey Office Space, 3960 sq ft

    1355 Main St, Hampstead, MD 21074
    View details
    Hampstead MD Mixed-Use Development
    $795,500
    7.02 Acres

    Hampstead MD Mixed-Use Development

    7+ Acres, High-Visibility Location

    Brodbeck Rd, Hampstead, MD 21074
    View details
    Ellicott City Commercial Property
    $455,000
    2,448 SF

    Ellicott City Commercial Property

    Commercial property available for sale in Ellicott City, Maryland.

    8298 Main St, Ellicott City, MD 21043
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    Light Industrial Land For Sale
    $5,800,000

    Light Industrial Land For Sale

    Light industrial property with road frontage, public sewer access.

    944 Leidy Rd, Westminster, MD 21157
    View details
    Historic Mixed-Use Investment Opportunity
    $785,000
    5,288 SF

    Historic Mixed-Use Investment Opportunity

    Three-story mixed-use property with restaurant and apartments in Baltimore.

    2112 Fleet St, Baltimore, MD 21231
    View details
    Waterview Lot in Millers Island
    $149,000

    Waterview Lot in Millers Island

    Rare waterview lot in Millers Island community.

    2810 12Th St, Baltimore, MD 21219
    View details
    Historic Westminster Building with Income
    $325,000

    Historic Westminster Building with Income

    Downtown Westminster building suitable for offices or residential income.

    218 E Main St, Westminster, MD 21157
    View details
    Clarksville Legacy Estate on 94+ Acres
    $3,750,000
    6,991 SF

    Clarksville Legacy Estate on 94+ Acres

    Estate on 94.27 acres with equestrian facilities and potential.

    6005 10 Oaks Rd, Clarksville, MD 21029
    View details
    Upper Fells Point Mixed-Use Investment
    $575,000

    Upper Fells Point Mixed-Use Investment

    Mixed-use property with bar, apartments, and prime location.

    301 S Ann St, Baltimore, MD 21231
    View details
    Established Bar and Lounge Opportunity
    $725,000

    Established Bar and Lounge Opportunity

    Turnkey bar and lounge for sale in Baltimore, Maryland.

    2218 Boston St, Baltimore, MD 21231
    View details

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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
    RE/MAX Advantage Realty
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