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    4000 Northern Pkwy Baltimore, MD 21215

    • Medical offices
    • 6,742 SF
    • 0.38 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US40-0756392
    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

    • Day Thomas B MD / Dermatologist
    • Jarrett Chiropractic Rehab Inc / Chiropractor
    • Radcliffe M Thomas Md Pa / Nephrologist
    • United Crossroads Inc. / Mental Health Service

    Property Details for 4000 Northern Pkwy

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.38 lot acres
    Property size
    6,742 SF
    Zone code
    R-5
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    27-23-4426B-034
    APU
    27234426B034

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6907
    Latitude
    39.3498
    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
    $8,461
    $98,400
    $260,100
    $358,500
    -
    $98,400
    $260,100
    $358,500

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    • Value Estimation
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      MEDICAL BUILDING • 2,080 SF
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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
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