Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3610 Commerce Dr Halethorpe, MD 21227
    Back to Search
    Property profile & analytics

    3610 Commerce Dr, Halethorpe, MD 21227

    View on Map
    • Warehouses
    • 287,430 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3610 Commerce Dr

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 3610 Commerce Drive in Halethorpe, Maryland, offers a diverse range of warehouse and manufacturing spaces for lease. Comprising four single-story buildings totaling 287,430 square feet, this Beltway Business Community Phase II Bulk-1 complex provides ample options for businesses of various sizes. Currently, there are 31,140 square feet of vacant space available, divisible into units ranging from a minimum of 13,600 square feet to a maximum contiguous space of 17,540 square feet. The property boasts high ceilings, ranging from 20 feet to 24 feet, providing excellent vertical storage capacity. Efficient operations are ensured with 65 loading docks strategically located throughout the buildings. Ample parking is available with a total of 501 spaces distributed across the four buildings. The property features robust power capabilities, including 120/208 and 277/480 volt, 3-phase, 4-wire service, suitable for a wide range of industrial applications. Situated in the Arbutus Industrial submarket of Baltimore County (zip code 21227), this property benefits from a convenient location and is zoned ML-IM. This is an excellent opportunity to secure prime industrial space in a thriving Baltimore County location. Contact us today to learn more about leasing options and explore the possibilities for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Halethorpe
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6754
    Latitude
    39.2534

    Comparable in this City

    • Value Estimation by Request
      309,500 SF

      178-194 Alco Pl

      Distribution properties
      178-194 Alco Pl, Halethorpe, MD 21227
      View Details
    • Value Estimation by Request
      242,625 SF

      3741 Commerce Dr

      Distribution properties
      3741 Commerce Dr, Halethorpe, MD 21227
      View Details
    • Value Estimation by Request
      818,650 SF

      I-695

      Life science properties
      0 I-695, Arbutus, MD 21227
      View Details
    • Value Estimation by Request
      33,300 SF

      1715 Twin Springs Rd

      Distribution properties
      1715 Twin Springs Rd, Baltimore, MD 21227
      View Details
    • Value Estimation
      $5,715,000
      119,988 SF

      4700 Benson Ave

      DISTRIBUTION WAREHOUSE
      4700 Benson Ave, Baltimore, MD 21227-1411
      View Details
    • Value Estimation
      $6,155,000
      46,500 SF

      3921 Vero Rd

      DISTRIBUTION WAREHOUSE
      3921 Vero Rd, Baltimore, MD 21227-1564
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      691,287 SF

      Halethorpe Industrial Building on 32 Acres

      691,287 SF industrial building with redevelopment potential in Halethorpe, MD.
      1954 Halethorpe Farms Rd, Halethorpe, MD 21227
      View Details
    • Contact for pricing

      Halethorpe Warehouse with Mezzanine Office

      Halethorpe warehouse with excellent access to major interstates.
      4665 Hollins Ferry Rd, Halethorpe, MD 21227
      View Details
    • $429,000

      Renovated Mixed-Use Building For Sale

      Renovated mixed-use building with rental units and office space.
      1416 Sulphur Spring Rd, Halethorpe, MD 21227
      View Details
    • $329,900

      Retail Property Near Office Park

      Retail property with highway visibility, near office and residential areas.
      4526 Washington Blvd, Halethorpe, MD 21227
      View Details
    • $415,000
      Pending

      Halethorpe Victorian Triplex Investment Opportunity

      Turn-key investment property near Halethorpe MARC Station and UMBC.
      5234 Benson Ave, Halethorpe, MD 21227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,400 SF

      Industrial Space with I-695 Visibility

      Industrial property with I-695 visibility and enterprise zone benefits.
      1901 Sulphur Spring Rd, Arbutus, MD 21227
      View Details
    • Contact for pricing
      40,574 SF

      Arbutus Warehouse & Distribution Space

      Warehouse and distribution property with convenient access to major routes.
      3741 Commerce Dr, Halethorpe, MD 21227
      View Details
    • Contact for pricing
      88,000 SF

      Halethorpe Warehouse with I-695 Visibility

      88,000 SF warehouse with I-695 access and signage.
      1905 Sulphur Spring Rd, Halethorpe, MD 21227
      View Details
    • Contact for pricing
      79,815 SF

      Halethorpe Warehouse/Distribution Space Available

      New Class A warehouse/distribution development with I-95 access.
      1201 S Caton Ave, Halethorpe, MD 21227
      View Details
    • Contact for pricing
      79,815 SF

      New Class A Industrial Development

      New Class A development with I-95 access.
      1255 South Caton Ave, Baltimore, 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.
    3610 Commerce Dr
    Halethorpe, MD 21227
    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
    3610 Commerce Dr, Halethorpe, MD, 21227
    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!