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    7231 Harford Rd Baltimore, MD 21234

    For Sale
    $300,000

    Three-unit mixed-use property with retail and residential spaces.

    Lot size:
    0.05 Acres

    Property Features for 7231 Harford Rd

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1924

    Source: American Homes Realty Group Agent ifeanyichukwu A Opara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Retail in Baltimore

    Located in the heart of North East Baltimore, near the Baltimore County border, this mixed-use property at 7231 Harford Rd features three units. The property includes two retail spaces and an upstairs apartment with two bedrooms and one bath. The location benefits from high traffic, with over 7,000 vehicles passing daily. Currently, the basement is leased to a hair salon. The apartment and first-level storefront are vacant and available for lease, presenting a stabilization opportunity for a new operator to fully lease the building as an income-producing asset. The gross proforma rent when fully leased is approximately $3,700 monthly, potentially generating $44,400 in annual gross rent.
    Insight Report Location Intelligence

    Current Use by Public Records

    DRESSCODE BOUTIQUE Boutique Parkville Vape House Vaporizer Store Speedy Maintenance LLC Handyman/Handywoman/Handyperson

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5467182
    Latitude
    39.3688191

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use property with retail and residential spaces.
    Where is this mixed-use property located?
    The property is located at 7231 Harford Rd Baltimore, MD.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Mixed-use property featuring 2 retail spaces and a 2-bedroom, 1-bath apartment; - High traffic location: Over 7,000 vehicles pass daily; - **Stabilization opportunity: Vacant apartment and first-level storefront ready to be leased**
    (443) 461-6922
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    Baltimore, MD 21234
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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.

    More about this property
    7231 Harford Rd Baltimore, MD 21234
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