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    Renovated One-Story Mixed-Use Space Title is generated by Realmo AI

    54 W BALTIMORE St, Taneytown, MD 21787

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    New
    For Lease
    $2,000 /Mo

    Single-floor open layout with 2022 renovations, updated utilities, and ample parking for flexible business use.

    Type:Commercial
    Lot size:
    0.25 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 1 at 9:03 pm

    Property Features for 54 W BALTIMORE St

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1905

    We can help!

    Listing Contact
    Raimundas Valacka
    Raimundas Valacka

    Listing agent Raimundas Valacka License #605803

    Listing office

    Listing date Jun 1, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Raimundas Valacka

    HighLights

    • Mixed‑use building on Baltimore Street (Route 140) with open, single‑floor layout
    • Renovated in 2022, including updated electric and plumbing
    • New metal roof plus mini split heat/AC system
    • Multiple parking spaces in front, with additional parking options in rear and a 0.25‑acre lot available for an additional fee
    • 20122 cars per day traffic count on Baltimore Street (Route 140)
    • Scores: BikeScore 58 and WalkScore 70

    Overview

    This one-story mixed-use property was renovated in 2022 and offers a bright, spacious interior with an open floor plan. The space includes recessed lighting throughout, updated electric and plumbing, a brand-new metal roof, and a mini split heat/AC system. A compact water heater is located in the bathroom, supporting convenient day-to-day operations.

    Located on busy Baltimore Street (Route 140), the property benefits from substantial daily traffic, reported at 12,801 cars per day. It is also described as being just around the corner from city offices and a major business district. Parking is available in the front with multiple spaces, and additional street parking is available, with more parking possible in the rear through an optional 0.25-acre lot available for an additional fee.

    The building is offered with short- and long-term lease options and is positioned for a range of uses. The property’s flexible configuration is consistent with potential non-profit and community uses, educational concepts such as school or kindergarten, library or music studio operations, retail, or storage, subject to applicable approvals.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Taneytown
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1750298
    Latitude
    39.6583393

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      Renovated Mixed-Use Property on Baltimore

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    FAQs

    What type of property is this?
    Mixed-use property - Single-floor open layout with 2022 renovations, updated utilities, and ample parking for flexible business use.
    Where is this mixed-use property located?
    The property is located at 54 W BALTIMORE St Taneytown, MD.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Mixed‑use building on Baltimore Street (Route 140) with open, single‑floor layout; Renovated in 2022, including updated electric and plumbing; New metal roof plus mini split heat/AC system
    (410) 491-8948
    We can help!
    Listing Contact
    Raimundas Valacka
    Raimundas Valacka
    Real Estate License ID: 605803
    Learn More
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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.

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    54 W BALTIMORE St, Taneytown, MD 21787
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