Mixed-Use Property with 4
For Sale
$1,325,000
4906 HARFORD Road, Baltimore, MD 21214
Land, BALTIMORE, MD
Property Size4,960 SF
Lot Size1.14 Acres
Price / SF$267.14
Days on Market142
Property Features for 4906 HARFORD Road
General Information
Property type
Land
Property subtype
Other
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Lot size
1.14 Acres
Taxes and HOA fees
Tax Annual Amount
4440
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(410) 740-7100
Listed By:
Yorleen Palmer · License #677267
(203) 536-5011
Added: May 18
Changed: Sep 18
Last Checked: Oct 6 at 3:06PM
MLS# MDBA2215738
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines a renovated 4,960-square-foot commercial building with four units and a separate mixed-use structure. The commercial building has refreshed exterior finishes, bathrooms, and potential office space, while all four units are currently tenant occupied.
The offering includes a 1.14-acre parcel with two separate buildable plots and two points of ingress and egress. It is positioned on Harford Road in Baltimore’s Hamilton and Lauraville communities, with access to public transportation, major commuter routes, and established residential areas. The property is zoned for mixed use and provides a combination of existing commercial improvements and additional land area.
The offering includes a 1.14-acre parcel with two separate buildable plots and two points of ingress and egress. It is positioned on Harford Road in Baltimore’s Hamilton and Lauraville communities, with access to public transportation, major commuter routes, and established residential areas. The property is zoned for mixed use and provides a combination of existing commercial improvements and additional land area.
Key Highlights
- 4,960‑square‑foot commercial building with 4 units
- 1.14‑acre property with two separate buildable plots
- All 4 units are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,448
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,960
$1.4M
Cap Rate 7%
$977,829
$977.8K
Cap Rate 9%
$760,533
$760.5K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$119.0K $24.00/SF
− Vacancy
−$9.5K −$1.92/SF
EGI
$109.5K $22.08/SF
− OpEx
−$41.1K −$8.28/SF
NOI
$68.4K $13.80/SF
Area
Baltimore, MD
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,960
Cap Rate 7%
$977,829
Cap Rate 9%
$760,533
Alternative Uses
Best Use
Mixed Use
$977.8K
$855.6K – $1.14M
NOI $68,448 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,179 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 21214, MD
19,344
Population
9,096
Households
2.1
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
6,909
Density / Sq Mi
$82,093
Median Household Income
$54,228
Median Earnings
$1,188
Median Rent
$250,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial space with mixed-use zoning, two points of ingress and egress, and existing tenant occupancy.
Where is this mixed-use property located?
The property is located at 4906 HARFORD Road Baltimore, MD.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 4,960‑square‑foot commercial building with 4 units; 1.14‑acre property with two separate buildable plots; All 4 units are currently tenant occupied
