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    Mixed-Use Property on Harford Road Title is generated by Realmo AI

    4908 - 1/2-1 HARFORD Road, Baltimore, MD 21214

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    For Sale
    $325,000

    Commercial Sale - BALTIMORE, MD

    Type:Office
    Property size:
    3,000 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $108/SF
    Added:
    May 24, 2026
    Days on Market:
    2
    Last Refresh:
    May 25 at 12:06 pm

    Property Features for 4908 - 1/2-1 HARFORD Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    8
    Parking features
    On Street, Driveway
    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5160

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1926
    Number of units
    1
    Building materials
    Frame

    We can help!

    Listing Contact
    Teal Clise
    Teal Clise

    Listing agent Teal Clise License #646248

    Listing office EXP Realty, LLC 8115 Maple Lawn Boulevard unit: 350, National Harbor, MD

    Listing date May 24, 2026

    MLS# MDBA2216638

    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.

    HighLights

    • Highly visible mixed‑use property on Harford Road, ideal for professional office, live/work, or hybrid use.
    • Zoned OR‑1/HR, offering exceptional flexibility for various business or residential configurations.
    • Approximately 3,000 square feet across three finished levels, allowing for diverse layouts.
    • Rear off‑street parking area with four dedicated spaces.
    • Located in the established Lauraville corridor with strong daily traffic counts and convenient access to major commuter routes.
    • Includes three full bathrooms and a finished lower level with additional usable space.

    Overview

    Located on Harford Road in Northeast Baltimore, the property at 4908 1/2 Harford Road is a mixed-use building zoned OR-1/HR (Office-Residential). This zoning provides flexibility for professional office, live/work arrangements, or hybrid residential-commercial use. The property is suitable for attorneys, therapists, accountants, consultants, healthcare providers, creatives, boutique firms, or other professional users. The building provides approximately 3,000 square feet across three finished levels, allowing for varied configurations such as private offices, meeting areas, client reception space, collaborative workspaces, or residential occupancy. The layout includes multiple large rooms suitable for offices or conference areas, three full bathrooms, and a finished lower level with additional usable space. There is a rear off-street parking area with four dedicated spaces and a spacious rear yard. The property is positioned in the established Lauraville corridor, which features strong daily traffic counts, nearby retail and residential density, and convenient access to major commuter routes. The lot size is 0.1821 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    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
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.56702
    Latitude
    39.34621

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    FAQs

    What type of property is this?
    Mixed-use property - Highly visible mixed-use property in Northeast Baltimore's Lauraville corridor.
    Where is this mixed-use property located?
    The property is located at 4908 - 1/2-1 HARFORD Road Baltimore, MD.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Highly visible mixed‑use property on Harford Road, ideal for professional office, live/work, or hybrid use.; Zoned OR‑1/HR, offering exceptional flexibility for various business or residential configurations.; Approximately 3,000 square feet across three finished levels, allowing for diverse layouts.
    (443) 570-3931
    We can help!
    Listing Contact
    Teal Clise
    Teal Clise
    Real Estate License ID: 646248
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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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    4908 - 1/2-1 HARFORD Road, BALTIMORE, MD 21214
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