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    25 Baltimore St Funkstown, MD 21734

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    25 Baltimore St Funkstown, MD 21734

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    • Mixed-use properties
    • 2,274 SF
    • 0.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 25 Baltimore St

    Year built
    1900
    Lot size
    0.22 lot acres
    Property size
    2,274 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property located at 25 Baltimore Street in the charming town of Funkstown, Maryland, presents a unique investment opportunity. The building encompasses a total of 2,274 square feet and sits on a 0.22-acre lot, offering ample space for various commercial and residential uses. Currently, the first floor is successfully operating as a hair salon, providing immediate rental income potential. Above the commercial space, a separate apartment unit offers additional income streams through rental opportunities. The property also includes a detached garage, adding further value and utility. This versatile property is ideal for an owner-operator seeking to combine business and residential living or for an investor looking for a strong return on investment in a thriving small-town market. The strategic location in Funkstown provides easy access to local amenities and transportation routes, making it an attractive destination for both residents and businesses. The existing hair salon is a proven income generator, minimizing initial risk and offering immediate cash flow. The upstairs apartment and detached garage provide further opportunities to enhance profitability. This property is a rare find, combining the benefits of commercial and residential income in a single, well-maintained building. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Funkstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7074
    Latitude
    39.6094

    Comparable in this City

    • Value Estimation by Request
      3,048 SF

      117 Baltimore St

      Individual retail properties • 3,048 SF
      117 Baltimore St, Funkstown, MD 21734
      View Details
    • Value Estimation by Request
      3,048 SF

      115 Baltimore St

      Mixed-use properties • 3,048 SF
      115 Baltimore St, Funkstown, MD 21734
      View Details
    • Value Estimation by Request
      2,540 SF

      101 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,540 SF
      101 Baltimore St, Funkstown, MD 21734
      View Details
    • Value Estimation by Request
      2,236 SF

      10 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,236 SF
      10 Baltimore St, Funkstown, MD 21734-1162
      View Details
    • Value Estimation
      $665,000
      4,716 SF

      19 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,716 SF
      19 Baltimore St, Funkstown, MD 21734-1163
      View Details
    • Value Estimation by Request
      3,285 SF

      44 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,285 SF
      44 Frederick Rd, Funkstown, MD 21734-1209
      View Details
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    25 Baltimore St
    Funkstown, MD 21734
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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
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