Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2511 Hammonds Fry Rd Halethorpe, MD 21227-2918

    • Commercial real estate
    • 2,238 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2025
    $320,000
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    8.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US40-0573828
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Just One More / Bar & Grill

    Property Details for 2511 Hammonds Fry Rd

    Year built
    1929
    Lot size
    0.16 lot acres
    Property size
    2,238 SF
    Zone code
    BL
    Property type
    Commercial real estate
    APN
    13-1305770080
    APU
    131305770080

    Description

    This exceptional investment opportunity presents a fully renovated bar and restaurant located at 2511 Hammonds Ferry Rd, Halethorpe, MD 21227. The property, situated on a 0.16-acre lot, boasts 2,238 square feet of space spread across two stories within a single building constructed in 1929 and extensively renovated in 2021. The main level comprises a fully equipped restaurant and bar, complete with a seven-day Class D liquor license permitting both on and off-premises sales. A dedicated private parking lot adds to the convenience. The second floor offers a residential apartment currently utilized for events and administrative purposes. This turnkey operation comes with existing management and staff in place, ensuring a smooth transition for the new owner. The asking price is $595,000. Financial details regarding the impressive return on investment are available upon request. This is a rare chance to acquire a thriving, established business in a desirable location. The property's recent renovation ensures modern amenities and efficiency, minimizing immediate capital expenditure needs. The combination of a strong income stream, established clientele, and prime location makes this a compelling investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $455,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $452,000
      Market price range: $149k - $452k
      AI Estimate
      $481,000
      Market price range: $180k - $482k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Halethorpe
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6645
    Latitude
    39.2463
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,666
    $0.00
    $0.00
    $284,033
    -
    $110,400
    $214,100
    $324,500

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      3551 Washington Blvd, Unit 3A

      COMMERCIAL CONDOMINUIM • 0.62 Acres
      3551 Washington Blvd, Baltimore, MD 21227-1683
      View Details
    • Value Estimation by Request
      673 SF

      12 Clairford Ct

      COMMERCIAL CONDOMINUIM • 673 SF
      12 Clairford Ct, Baltimore, MD 21227-3834
      View Details
    • Value Estimation by Request
      673 SF

      10 Clairford Ct

      COMMERCIAL CONDOMINUIM • 673 SF
      10 Clairford Ct, Baltimore, MD 21227-3834
      View Details
    • Value Estimation by Request
      673 SF

      18 Clairford Ct

      COMMERCIAL CONDOMINUIM • 673 SF
      18 Clairford Ct, Baltimore, MD 21227-3834
      View Details
    • Value Estimation by Request
      673 SF

      20 Clairford Ct

      COMMERCIAL CONDOMINUIM • 673 SF
      20 Clairford Ct, Baltimore, MD 21227-3834
      View Details
    • Value Estimation by Request
      673 SF

      15 Clairford Ct

      COMMERCIAL CONDOMINUIM • 673 SF
      15 Clairford Ct, Baltimore, MD 21227-3835
      View Details

    Similar Nearby for Sale

    • $449,900
      9,506 SF

      Halethorpe Commercial Property - High Visibility

      Prime Redevelopment Opportunity: 9,506 SF, 1.47 Acres
      5820 Southwestern Blvd, Halethorpe, MD 21227
      View Details
    • $329,900
      1,200 SF

      Halethorpe Commercial Space - Prime Location

      Renovated 1200 sq ft, high visibility.
      4526 Washington Blvd, Halethorpe, MD 21227
      View Details
    • $595,000
      3,374 SF

      Halethorpe Multifamily Investment Opportunity

      Four-unit property with long-term tenants and value-add potential.
      4606 Ridge Ave, Baltimore, MD 21227
      View Details
    • $2,099,999

      Turn-Key Funeral Home Opportunity

      Fully operational funeral home with strategic location and ample parking.
      4023 Annapolis Rd, Baltimore, MD 21227
      View Details
    • $355,000
      1,800 SF

      Charming Halethorpe Multi-Unit Home

      Three-unit home with spacious backyard, deck, and ample parking.
      2019 Northeast Ave, Baltimore, MD 21227
      View Details
    • $339,000
      1,626 SF

      Renovated Townhome with Private Baths

      Move-in ready townhome featuring renovated kitchen and spa-like bathrooms.
      16 Lanhill Ct, Baltimore, MD 21227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      818,650 SF

      Caton Research Center: Arbutus, MD

      Flex, Warehouse, R&D Space Available
      0 I-695, Arbutus, MD 21227
      View Details
    • $8 SF/Yr
      36,450 SF

      Office Space For Rent

      Office space available for lease at an aggressive price.
      1430 Joh Ave, Baltimore, MD 21227
      View Details
    • Contact for pricing
      24,127 SF

      Adaptable Flex Space Available

      24,127 SF flex space with ample parking.
      3610 Commerce Dr, Baltimore, MD 21227
      View Details
    • Contact for pricing

      Retail Pads in Beltway Business

      Retail pad sites available in Baltimore's Southwest Enterprise Zone.
      3504 Washington Blvd, Baltimore, MD 21227
      View Details
    • $18 SF/Yr
      1,114 SF

      Office Space Near I-95

      Single-story office space with direct suite entry and convenient location.
      1521 S Edgewood St, Baltimore, MD 21227
      View Details
    • $15 SF/Yr
      10,000 SF

      Halethorpe Office Space Available

      10000 SF office space for rent in Halethorpe, MD.
      3421 Benson Ave, Halethorpe, MD 21227
      View Details
    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.
    2511 Hammonds Fry Rd
    Halethorpe, MD 21227-2918
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.