Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1021 Lombard St Baltimore, MD 21202
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1021 Lombard St Baltimore, MD 21202

    View on Map
    • Investment properties
    • 2,965 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US40-2158574
    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.
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kif Doctors: Medical Marijuana Card Doctors Maryland / Alternative Medicine Practice
    • Muscle Men Male Revue Baltimore Male Strippers / Nightclub / Bar & Pub

    Property Details for 1021 Lombard St

    Year built
    1920
    Lot size
    0.04 lot acres
    Property size
    2,965 SF
    Zone code
    R-8
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-03-1380 -047
    APU
    3031380047

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $630,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $339,000
      Market price range: $279k - $926k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $490,000
      Current use
      AUTO REPAIR, GARAGE
      $685,000
      Change: +40% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $450,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $430,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6016
    Latitude
    39.2893
    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
    $3,066
    $50,000
    $79,900
    $129,900
    -
    $50,000
    $79,900
    $129,900

    Comparable in this City

    • Value Estimation by Request
      2,493 SF

      1802 Guilford Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,493 SF
      1802 Guilford Ave, Baltimore, MD 21202-4842
      View Details
    • Value Estimation
      $530,000
      3,024 SF

      219 Lafayette Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      219 Lafayette Ave, Baltimore, MD 21202-4897
      View Details
    • Value Estimation
      $515,000
      3,024 SF

      211 Lafayette Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      211 Lafayette Ave, Baltimore, MD 21202-5111
      View Details
    • Value Estimation
      $2,015,000
      4,564 SF

      8 Preston St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,564 SF
      8 Preston St, Baltimore, MD 21202-2709
      View Details
    • Value Estimation
      $3,960,000
      6,384 SF

      24 Madison St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,384 SF
      24 Madison St, Baltimore, MD 21202-2354
      View Details
    • Value Estimation
      $985,000
      3,010 SF

      137 En Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,010 SF
      137 En Ave, Baltimore, MD 21202-5936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Retail Space with Apartment, License

      Retail property with apartment and liquor license for sale.
      4701 Eastern Ave, Baltimore, MD 21202
      View Details
    • $995,000

      Downtown Baltimore Mixed-Use Property

      Mixed-use property with retail and office space in downtown Baltimore.
      253-239 N Gay St, Baltimore, MD 21202
      View Details
    • $425,000
      2,112 SF

      Historic Jamestown Mixed-Use Gem

      Live/Work Townhouse, Prime Location
      845 Lombard St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      19,312 SF

      21-Unit Mixed-Use Investment Opportunity

      Downtown Baltimore mixed-use property with value-add potential.
      330-332 Saint Paul Pl, Baltimore, MD 21202
      View Details
    • $1,500,000

      Development Opportunity Near Johns Hopkins

      Corner lot near Old Town Mall redevelopment with mixed-use zoning.
      926 E Monument St, Baltimore, MD 21202
      View Details
    • Contact for pricing

      Mixed-Use Redevelopment Opportunity

      Redevelopment site with mixed-use potential in Baltimore, Maryland.
      1000-1004 Eastern Ave, Baltimore, MD 21202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Mixed-Use Redevelopment Project

      Mixed-use property with residential and retail space in Baltimore's CBD.
      17-23 S Gay St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      27,029 SF

      Mixed-Use Tower in Central Business District

      Class-A office space, retail, and luxury apartments in Baltimore.
      1 Light St, Baltimore, MD 21202
      View Details
    • Contact for pricing

      Redevelopment Site on Eastern Avenue

      Prime location with high traffic, near JHU Bayview.
      6203-6217 Eastern Ave, Baltimore, MD 21202
      View Details
    • Contact for pricing
      5,013 SF

      Office Space with Balcony

      Office space featuring balconies, courtyard, convenience store, and restaurant.
      1 South St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      6,650 SF

      Office Space For Rent

      Corner lot office space with on-site management.
      7 E Redwood St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      12,200 SF

      Historic Buildings with Upscale Retail

      Historic Baltimore buildings renovated for modern mixed-use.
      1400 Aliceanna St, Baltimore, MD 21202
      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.
    1021 Lombard St
    Baltimore, MD 21202
    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.
    Sign Up Successful!
    You now have access to more from Realmo!