This exceptional retail property, located at 6711 Holabird Avenue in Baltimore, MD's Graceland Park neighborhood (near Dundalk), presents a compelling investment opportunity. Boasting 2,926 square feet on a 0.12-acre lot, this property benefits from its high-visibility location on Holabird Avenue, a major thoroughfare with a reported 14,323 cars passing daily. Its strategic position offers easy access to Dundalk Avenue, I-95, and the Baltimore Beltway (I-695), ensuring convenient access for both customers and employees. The surrounding area features a diverse mix of businesses, including well-known establishments such as Jimmy's Famous Seafood, Squires Italian Restaurant, and Johns Hopkins facilities, along with other retail, dining, office, religious, and service providers. The property's proximity to industrial areas, including the ports and marine terminals, provides a strong potential customer base. Further enhancing its appeal, this property is situated within both an Opportunity Zone and a Baltimore City Enterprise Zone, offering significant tax and employment incentives for owners and businesses. The property is being offered via auction, with online bidding opening February 4, 2025, and a live auction on February 6, 2025, at 12:00 noon. The listed price represents the opening bid.
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6711 Holabird Ave Baltimore, MD 21222
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Realmo Value Estimation
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.
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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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6711 Holabird Ave Baltimore, MD 21222
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6711 Holabird Ave, Baltimore, MD
Luis Arrazola
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