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    The Largest CRE Database in the US with Over 1 Million Listings

    7518 Harford Rd Baltimore, MD 21234

    View on Map
    Sponsored
    For Sale
    $799,900

    Commercial Sale - BALTIMORE, MD

    Type:Office
    Lot size:
    0.25 Acres
    Days on Market:
    34
    Last Refresh:
    Mar 9 at 11:06 pm

    Property Features for 7518 Harford Rd

    General Information

    Special listing conditions
    In Foreclosure
    Property type
    Other
    Property subtype
    Office
    TransactionType
    In Foreclosure
    Standard status
    Active
    Parking
    5
    Parking features
    On Street, Driveway, Parking Lot
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Number of units
    3
    Building materials
    Stucco

    We can help!

    Listing Contact
    Jason S Lusby

    Keller Williams Gateway LLC (443) 318-8800

    Listing agent Jason S Lusby (410) 318-8800 License #597833

    Listing date Feb 4, 2026

    MLS# MDBA2181240

    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.

    Learn more

    Property Insight Report

    Overview

    Baltimore Office and Warehouse Building

    This commercial property in Baltimore, MD, presents an opportunity to acquire a bank-owned office and warehouse/flex building. The combined space exceeds 9200 square feet, with approximately three-quarters dedicated to office use and the remainder to warehouse space, which includes an overhead door facing Harford Rd. The office area features a 3-story management and administrative facility, multiple conference rooms, and server, plot, and storage rooms. A large open room with vaulted ceilings offers nearly 2,800 square feet of space suitable for various uses, such as a large bullpen, fellowship hall, training facility, or gathering space. The warehouse space includes a large drive-in bay with over 2,000 square feet, plus an additional 475 square foot office space with a private entrance. The warehouse is currently leased on a month-to-month basis for $3K/mo. Updates were previously made to mechanical, electrical, lighting, fire, security, and phone/data/computer cabling. The property is located 5 minutes from the Baltimore Beltway (I-695) and near restaurants, shops, and the Parkville Shopping Center. Comprised of two separate parcels connected by an enclosed bridge, the buildings offer multiple points of entry, making it suitable for a single end-user or multiple tenants. The property addresses are 7526 and 7518 Harford Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.54495
    Latitude
    39.37183

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    FAQs

    What type of property is this?
    Office building - Large office and warehouse/flex building suitable for single or multiple tenants.
    Where is this office building located?
    The property is located at 7518 Harford Rd Baltimore, MD.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Substantially below assessed value bank-owned property, offering a unique investment opportunity.; - Over 9,200 sq. ft. of combined office and warehouse/flex space suitable for various uses and expansion.; - **Large open room with vaulted ceilings (nearly 2,800 sq. ft.) ideal for a bullpen, training facility, or gathering space.**
    (410) 960-0858
    Request Owner's contact information
    7518 Harford Rd Baltimore, MD 21234
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    Baltimore, MD 21234
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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
    7518 Harford Rd Baltimore, MD 21234
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    We can help!
    Listing Contact
    Jason S Lusby
    Real Estate License ID: 597833
    (410) 960-0858 (410) 318-8800 (443) 318-8800
    Learn more
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