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    5428 Harford Rd Baltimore, MD 21214

    Sponsored
    For Lease
    Contact for pricing

    Prime Baltimore Retail, 6750 SF Available

    Lot size:
    6,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional 6,750 square foot retail space is ideally situated at 5428 Harford Road in Baltimore, Maryland, zip code 21214. The property is a single-tenant building, offering complete flexibility for a wide range of commercial uses. Currently vacant, the entire 6,750 square feet is available for lease, presenting a unique opportunity for a business seeking a prominent location. The property is zoned B-2-2, allowing for a variety of commercial ventures within Baltimore County. Its convenient location on Harford Road provides excellent visibility and accessibility for customers. The building's substantial size offers ample space for retail operations, warehousing, or a combination thereof. This is a rare opportunity to secure a significant retail presence in a thriving Baltimore neighborhood. The property's address is easily accessible and benefits from high traffic volume. Interested parties are encouraged to inquire for lease terms and conditions. The geographic coordinates are 39.3521062 latitude and -76.5621209 longitude. This property represents a strong investment opportunity in a desirable Baltimore location. Serious inquiries only.

    Property Features for 5428 Harford Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,750 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,750 SF

    We can help!

    Listing Contact
    Scott N Yurow
    Scott N Yurow

    Learn more

    Property Insight Report

    HighLights

    • 6,750 SF retail space available for lease at 5428 Harford Rd, Baltimore, MD 21214.
    • Immediate occupancy available.
    • B‑2‑2 zoning allows for various commercial uses.
    • Prime commercial location in Hamilton/Laurelville's Main Street area.
    • Suitable for restaurants, fitness centers, medical facilities, and more.
    • Public transportation within one block, with metered street parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sneaker Premier Shoe Store Ami Tomar Jono Perfume Store

    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
    -76.5621209
    Latitude
    39.3521062

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    FAQs

    What type of property is this?
    Retail property - Prime Baltimore Retail, 6750 SF Available
    Where is this retail property located?
    The property is located at 5428 Harford Rd Baltimore, MD.
    What are key features of this property?
    This property features: 6,750 SF retail space available for lease at 5428 Harford Rd, Baltimore, MD 21214.; Immediate occupancy available.; B-2-2 zoning allows for various commercial uses.
    Request Owner's contact information
    5428 Harford Rd Baltimore, MD 21214
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    Baltimore, MD 21214
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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
    5428 Harford Rd Baltimore, MD 21214
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    We can help!
    Listing Contact
    Scott N Yurow
    Scott N Yurow
    Real Estate License ID: MD
    Learn more
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