Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Acre Lot in Fallston, MD Title is generated by Realmo AI

    2431 BALDWIN MILL Road, Fallston, MD 21047

    View on Map
    Claim this Listing
    For Sale
    $375,000

    LAND - FALLSTON, MD

    Lot size:
    2.00 Acres
    Added:
    Mar 31, 2025
    Days on Market:
    418
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 2431 BALDWIN MILL Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2612

    We can help!

    Listing Contact
    David R Feazell
    David R Feazell

    Listing agent David R Feazell License #674137

    Listing office Garceau Realty 303 MAIN Street, Bel Air, MD

    Listing date Mar 31, 2025

    MLS# MDHR2041394 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved and previously permitted for immediate development of a midsized office building.
    • Located in a high‑traffic area with approximately 15,000 CPD at the intersection of Baldwin Mill and Fallston Road.
    • Strong economic potential with an average household income of $160,500.
    • Located in a sought‑after VB zoning district.
    • Large 2‑acre lot.
    • High population density with 229,800 residents within a 10‑mile radius.

    Overview

    This 2-acre lot, located in Fallston, MD, is zoned VB in the front half and AG in the rear. It is situated in a sought-after VB zoning district and has been previously permitted and approved for the development of a midsized office building, presenting an opportunity for immediate development. Site and engineering plans are available upon request. The rear AG zoning could easily contain the entire septic field. The location benefits from high visibility, with an average of approximately 7,300 cars per day (CPD) on Baldwin Mill Road passing the site, and around 15,000 CPD at the intersection of Baldwin Mill and Fallston Road. The area has a population of 229,800 people within a 10-mile radius and an average household income of $160,500, indicating strong economic potential in a growing, high-traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fallston
    County
    Harford
    State
    Maryland
    Longitude
    -76.4743595
    Latitude
    39.5406726

    Nearby Similar for Sale

    • $974,997

      Versatile Commercial Property in Fallston

      Customizable warehouse space with prime location and development potential.
      1010 MAIN Street, FALLSTON, MD 21047
      View Details
    • $974,997
      9,000 SF

      Versatile Warehouse Space in Fallston

      Customizable warehouse with multiple entrances and prime location.
      1010 Main St, FALLSTON, MD 21047
      View Details
    • $2,750,000
      10,032 SF

      Freestanding Retail Property For Sale

      10,032 SF retail property on 3.03 acres with drive-thru.
      2101 Fallston Road, Fallston, MD 21047
      View Details
    • $286,000

      Land in Alison's Ridge

      Homesite in a private enclave in the heart of Fallston.
      2208 ARDEN Drive lot: 5, FALLSTON, MD 21047
      View Details
    • $339,000

      Spacious Lot in Scenic Fallston

      1.793-acre lot to create your custom dream home.
      2511 PORT Lane, FALLSTON, MD 21047
      View Details
    • $1,490,000
      5,934 SF

      Fallston Redevelopment Opportunity on Bel Air

      Prime commercial land for redevelopment in the heart of Fallston.
      2101 BEL AIR ROAD, FALLSTON, MD 21047
      View Details
    • $339,000

      Land in Wilson Fields Community

      1.35-acre lot to build your custom dream home.
      2509 PORT Lane, FALLSTON, MD 21047
      View Details
    • $349,000

      Land in Wilson Fields Community

      1.58-acre lot for custom dream home in Fallston, MD.
      2517 PORT Lane, FALLSTON, MD 21047
      View Details
    • $279,000

      Land in Tall Oaks Manor

      1.35-acre lot for custom home in Fallston community.
      1709-B LAUREL BROOK Road, FALLSTON, MD 21047
      View Details
    • $279,000

      Land in Tall Oaks Manor

      1.243-acre lot for custom home in Fallston community.
      1709-C LAUREL BROOK Road, FALLSTON, MD 21047
      View Details
    • $375,000

      Two-Acre Lot in VB Zoning

      Two-acre lot with VB zoning and high traffic counts.
      2431 Baldwin Mill Rd, FALLSTON, MD 21047
      View Details
    • $2,750,000
      21,759 SF

      Land Available on Bel Air Road

      Commercial land for sale on Bel Air Road.
      2705 Bel Air Rd, Fallston, MD 21047
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre lot with VB zoning in a high-traffic area.
    Where is this commercial land located?
    The property is located at 2431 BALDWIN MILL Road Fallston, MD.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Approved and previously permitted for immediate development of a midsized office building.; Located in a high‑traffic area with approximately 15,000 CPD at the intersection of Baldwin Mill and Fallston Road.; Strong economic potential with an average household income of $160,500.
    (443) 299-7937
    We can help!
    Listing Contact
    David R Feazell
    David R Feazell
    Real Estate License ID: 674137
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2431 BALDWIN MILL Road, FALLSTON, MD 21047
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!