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

    670 Chesapeake Park Plz Middle River, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available warehouse space ranging from 126,700 to 188,100 square feet.

    Type:INDUSTRIAL
    Property size:
    41,070 SF
    Lot size:
    8.75 Acres
    Added:
    Oct 25, 2023
    Days on Market:
    922
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 670 Chesapeake Park Plz

    General Information

    Standard status
    Active
    Size
    41,070 SF
    Lot size
    8.75 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 670 Chesapeake Park Plz Contact us

    We can help!

    Listing Contact
    James "Jim" Caronna

    Listing agent James "Jim" Caronna

    Listing office KLNB - Baltimore

    Listing date Oct 25, 2023

    Source Moodyscre

    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 KLNB - Baltimore

    Overview

    Industrial Warehouse Space For Lease

    This industrial property offers warehouse and distribution space with available square footage ranging from approximately 126,700 to 188,100 square feet within a total building size of approximately 188,100 square feet. Constructed with a tilt-up design, the property is situated on an 8.71-acre lot. The building includes an office area of approximately 6,575 square feet, divided into two spaces: one of approximately 5,475 square feet and another of approximately 1,100 square feet. It features LED lighting, a truck court measuring 100 to 110 feet, and 28 docks for loading. The ceiling height is 24 feet clear, with column spacing of 30 feet wide by 36 feet deep. Electrical capacity includes 3 phase, 227/480v & 120/208v, with an estimated 1,600 amps. The property is equipped with a wet sprinkler system and gas heating. There are approximately 65 parking spots available. The property is located within an Enterprise Zone and is zoned MH-IM. Real estate taxes are approximately $0.47 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • StorageMart — 3000 Eastern Blvd, Middle River, MD 21220
    • Whipped Self Storage Units — 2210 Old Eastern Ave, Middle River, MD 21220
    • Safeway Moving & Storage — 1701 Leland Ave, Middle River, MD 21220

    Location Insight

    • Map
    • Local Demand
    City
    Middle River
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4285
    Latitude
    39.3316

    Nearby Similar for Lease

    • $1,250/Mo

      Renovated Office Space Available

      Recently renovated office space with kitchen, bathroom, and utilities included.
      1124-B MIDDLE RIVER Road, MIDDLE RIVER, MD 21220
      View Details
    • $2,200/Mo

      Commercial Space in Middle River

      Commercial space with open floor plan and private rooms.
      12406 EASTERN Avenue, MIDDLE RIVER, MD 21220
      View Details
    • $2,500/Mo

      MIDDLE RIVER Commercial Units Available

      Multiple commercial and residential units available for lease in MIDDLE RIVER.
      11415 EASTERN Avenue, MIDDLE RIVER, MD 21220
      View Details
    • $2,800/Mo

      Commercial Office Space For Lease

      Office space with four offices, kitchen, bath, and storage.
      15 BOWLEYS QUARTERS Road, MIDDLE RIVER, MD 21220
      View Details
    • Contact for pricing

      Large Storefront in Busy Area

      Spacious commercial space suitable for retail, office, or restaurant.
      2109 OLD OREMS, Middle River, MD 21220
      View Details
    • $2,200/Mo

      Commercial Space with Open Floorplan

      Commercial space with open floor plan and private rooms.
      12406 EASTERN Ave, Middle River, MD 21220
      View Details
    • $1,250/Mo

      Renovated Office Space Available

      Recently renovated office space with kitchen and bathroom for rent.
      1124-B 1124-b Middle River Rd, MIDDLE RIVER, MD 21220
      View Details
    • $2,200/Mo

      Commercial Space Ready For Rent

      Commercial space with open floor plan and private rooms.
      12406 Eastern Ave, MIDDLE RIVER, MD 21220
      View Details
    • Contact for pricing

      Office Building For Lease

      Office building with heavy utilities, suitable for support office.
      103 Chesapeake Park Plz, Middle River, MD 21220
      View Details
    • Contact for pricing

      Retail, Medical, Restaurant Space Available

      Flexible leasing opportunities in eastern Baltimore County.
      112 Carroll Island Rd, Middle River, MD 21220
      View Details
    • Contact for pricing

      Greenleigh Office Space Available

      4,051 SF office space for sublease in Middle River.
      11560 Crossroads Circle Middle, River, MD 21220
      View Details
    • $2,800/Mo

      Commercial Office Space For Lease

      Office space with four offices, kitchen, bath, and storage.
      15 Bowleys Quarters Rd, MIDDLE RIVER, MD 21220
      View Details

    FAQs

    What type of property is this?
    Warehouse - Available warehouse space ranging from 126,700 to 188,100 square feet.
    Where is this warehouse located?
    The property is located at 670 Chesapeake Park Plz Middle River, MD.
    What are key features of this property?
    This property features: Large available space: **±126,700 - 188,100 SF available**.; Benefit from **28 dock doors** for efficient logistics.; High ceiling clearance of **24’ clear height**.
    (410) 321-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James "Jim" Caronna
    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

    Thank You for Inquiry

    670 Chesapeake Park Plz, Middle River, MD

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!