Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5447 PARK HEIGHTS Ave Baltimore, MD 21215

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $888,000

    Mixed-use property featuring commercial and residential units near Pimlico.

    Type:Commercial
    Property size:
    12,354 SF
    Lot size:
    0.23 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:25 pm

    Property Features for 5447 PARK HEIGHTS Ave

    General Information

    Standard status
    Active
    Size
    12,354 SF
    Lot size
    0.23 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Jennifer D Young

    Listing agent Jennifer D Young

    Listing office Keller Williams Realty

    Listing date Apr 24, 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 Keller Williams Realty

    Overview

    Mixed-Use Property Near Pimlico

    This all-brick mixed-use property offers a total of 12,354 square feet of space. Situated on a 0.23-acre corner lot, the property is located 0.6 miles from Pimlico Race Course, home of the Preakness Stakes. The building features five commercial/retail units on the ground level, along with two commercial bays, and five residential units. Front parking is available for 10 cars. The location is considered very walkable with a score of 73, and has excellent transit with a score of 70.
    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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6823341
    Latitude
    39.3515175

    Nearby Similar for Sale

    • $400,000

      Restaurant Property with Liquor License

      Well-maintained restaurant with income potential and outdoor cooking area.
      410 LORTZ LN & 5800 YORK Road, BALTIMORE, MD 21212
      View Details
    • $699,000

      Downtown Baltimore Leased Investment Opportunity

      Fully leased commercial building in Downtown Baltimore with immediate cash flow.
      227 E BALTIMORE Street E, BALTIMORE, MD 21202
      View Details
    • $450,000

      Retail Building on Belair Road

      Highly visible retail building with frontage and signage potential.
      8836 BELAIR, BALTIMORE, MD 21236
      View Details
    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S HIGHLAND Avenue, BALTIMORE, MD 21224
      View Details
    • $500,000

      Two-Unit Retail Investment Property

      Fully leased retail property with recent upgrades, generating immediate income.
      3019-3021 GREENMOUNT Avenue, BALTIMORE, MD 21218
      View Details
    • $624,900
      3,200 SF

      Turn-Key Multifamily Investment Opportunity

      Six-unit multifamily asset with strong income potential near downtown Baltimore.
      1911 W BALTIMORE Street, BALTIMORE, MD 21223
      View Details
    • $839,999

      Three-Story Commercial Property For Sale

      Three-story commercial property with steady income and growth potential.
      7544 HOLABIRD Avenue, BALTIMORE, MD 21222
      View Details
    • $339,900
      3,251 SF

      Victorian Multifamily Investment Opportunity

      Charming Victorian duplex in Reservoir Hill, Baltimore. Great investment potential.
      1912 MOUNT ROYAL Terrace, BALTIMORE, MD 21217
      View Details
    • $539,000

      Baltimore Commercial Property For Sale

      Three-story building with warehouse, retail space, and flexible layout.
      513 W LEXINGTON Street, BALTIMORE, MD 21201
      View Details
    • $750,000

      Baltimore Commercial Mini Mall Opportunity

      Renovated mini mall suitable for various commercial uses.
      3402 BELAIR Road, BALTIMORE, MD 21213
      View Details
    • $310,000

      Baltimore Restaurant Property For Sale

      Carry-out restaurant property on high-traffic Reisterstown Road.
      5625 REISTERSTOWN Road, BALTIMORE, MD 21215
      View Details
    • $180,000

      Turnkey Mixed-Use Commercial Opportunity

      Mixed-use property near Johns Hopkins Hospital with commercial and residential spaces.
      241 N LAKEWOOD AVE, BALTIMORE, MD 21224
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring commercial and residential units near Pimlico.
    Where is this mixed-use property located?
    The property is located at 5447 PARK HEIGHTS Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $888,000.
    What are key features of this property?
    This property features: Mixed‑use property with 5 commercial/retail units, 2 commercial bays, and 5 residential units.; Premium corner lot location 0.6 miles from Pimlico Race Course.; High visibility location with front parking for 10 cars.
    (703) 956-5128
    We can help!
    Listing Contact
    Jennifer D Young
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!