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    4000 Northern Pkwy Baltimore, MD 21215

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    For Sale
    Contact for pricing

    Five-unit building, high visibility, strong NOI.

    Property size:
    6,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 4000 W Northern Pkwy in Baltimore, Maryland, presents a compelling value-add investment opportunity. The 6,742 square foot building, constructed in 1970, sits on a 0.38-acre lot and features a total of five units: three professional office spaces and two residential apartments (one 1-bedroom and one 2-bedroom). The 1-bedroom apartment has been completely remodeled. The building boasts a 6,200 square foot net rentable area and currently enjoys an 89% occupancy rate. Ample parking is available with 18 spaces on-site. The property is zoned R-5 and benefits from a highly visible location on W Northern Pkwy, between Reisterstown Rd and Park Heights Ave, providing easy access to I-83, Liberty Rd, and a wealth of retail and service amenities. The projected Net Operating Income (NOI) for 2024 is $72,667. This two-story building offers a unique blend of commercial and residential income streams, making it an attractive investment for those seeking a strong return in a desirable Baltimore location. The property's address is 4000 W Northern Pkwy, Baltimore, MD 21215, and its APN is 4426B034.

    Property Features for 4000 Northern Pkwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,742 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • Mixed‑use property featuring three office spaces and two apartments (one 1‑bedroom, one 2‑bedroom). The 1‑bedroom unit is newly remodeled.
    • 2024 Net Operating Income (NOI) of $72,667.
    • High visibility and convenient access from West Northern Parkway.
    • Excellent location, close to Reisterstown Road, Park Heights Avenue, I‑83, Liberty Road, and numerous retail amenities.
    • Ample parking with 18 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day Thomas B ... Dermatologist Jarrett Chiropractic Rehab ... Chiropractor Radcliffe M Thomas ... Nephrologist United Crossroads Inc. Mental Health Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.690250430234
    Latitude
    39.349739455788

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit building, high visibility, strong NOI.
    Where is this multifamily property located?
    The property is located at 4000 Northern Pkwy Baltimore, MD.
    What are key features of this property?
    This property features: Mixed-use property featuring three office spaces and two apartments (one 1-bedroom, one 2-bedroom). The 1-bedroom unit is newly remodeled.; 2024 Net Operating Income (NOI) of $72,667.; High visibility and convenient access from West Northern Parkway.
    Request Owner's contact information
    4000 Northern Pkwy Baltimore, MD 21215
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    Baltimore, MD 21215
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    Realmo Value Estimation

    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.

    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.

    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
    4000 Northern Pkwy Baltimore, MD 21215
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