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    8226 Fort Smallwood Rd Baltimore, MD 21226

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    0.42 acre commercial property with redevelopment potential near Stoney Creek.

    Property size:
    3,488 SF
    Lot size:
    0.42 Acres

    Property Features for 8226 Fort Smallwood Rd

    General Information

    Standard status
    Active
    Zoning
    C3
    Size
    3,488 SF
    Lot size
    0.42 Acres

    Building Details

    Year built
    1900

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    Listing Contact
    Dan Billig
    Source: Crexi

    Listing Agency: A.J. Billig & Co. Auctioneers Listing Agent: Dan Billig

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

    Learn more

    Overview

    Pasadena Area Multifamily Commercial Property

    Located near Stoney Creek in the Pasadena area, this 0.42-acre property features C3 zoning and includes three buildings currently arranged for five dwelling units. The site, known as Lots 137 and 138, Greenland Beach, is level and mostly clear, with approximately 100 feet of frontage on Fort Smallwood Road and a depth of about 177 feet. The property is comprised of two adjoining lots improved by two homes and a converted barn building. The location on Fort Smallwood Road (MD-173) in northeastern Anne Arundel County, south of I-695, places it in a mixed-use area with residential, maritime, industrial, and neighborhood commercial land uses. One of the units is currently occupied. The property offers potential for commercial redevelopment or continued multi-family residential use. The improvements include 8224 Fort Smallwood Road, a vinyl-sided one and one-half story bungalow with a composition shingle roof and vinyl-clad double-hung windows, built in 1900 with 940 square feet of living area. The home includes a living room with laminate flooring, an eat-in kitchen with vinyl flooring, a bedroom/office with laminate flooring, and a full bathroom with vinyl flooring on the first floor, plus a carpeted bedroom on the second floor. It features 100 amp electrical service, oil forced air heat, and window AC units. The property also includes 8226 Fort Smallwood Road, a vinyl-sided one and one-half story bungalow with a composition shingle roof, vinyl-clad double-hung windows, a wooden fire escape, and a concrete block foundation, built in 1952. A vinyl-sided converted barn building is located at the rear of the home. Public utilities are available, and there is a gravel driveway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -76.5278247
    Latitude
    39.1646081

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    FAQs

    What type of property is this?
    Commercial land - 0.42 acre commercial property with redevelopment potential near Stoney Creek.
    Where is this commercial land located?
    The property is located at 8226 Fort Smallwood Rd Baltimore, MD.
    What are key features of this property?
    This property features: - Zoned C3 (General Commercial): Permits a wide range of regional commercial activities.; - Multi-Family Commercial Property: Currently arranged for 5 dwelling units, providing immediate income potential.; - 0.42± Acre Site: Two adjoining lots with approximately 100' frontage on Fort Smallwood Road.
    Request Owner's contact information
    8226 Fort Smallwood Rd Baltimore, MD 21226
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    Baltimore, MD 21226
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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.

    More about this property
    8226 Fort Smallwood Rd Baltimore, MD 21226
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    We can help!
    Listing Contact
    Dan Billig
    Real Estate License ID: 42780
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