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    1202 Middle River Rd Baltimore, MD 21220
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    Property profile & analytics

    1202 Middle River Rd, Baltimore, MD 21220

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    • Investment properties
    • 1,930 SF
    • 0.77 lot acres
    For Lease
    View Listing →
    Retail Space with Roadside Visibility For Lease
    Contact for pricing
    1,400 SF

    Retail Space with Roadside Visibility

    Retail space with high traffic and development potential.

    1202 Middle River Rd, Baltimore, MD
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    Property ID
    US40-1319223
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1202 Middle River Rd

    Year built
    1952
    Lot size
    0.77 lot acres
    Zone code
    BL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15-1507001200
    APU
    151507001200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2019 $300,000 Ss & Aa Singh LLC Jeffry Walter Deed $240k · M & T Bank
    Jun 24, 2019 — Jeffry L Walter — Deed · related $12k · Stouffer Legal LLC
    Mar 13, 2019 — Jeffry Walter Walter,timothy Quit Claim Deed · related —
    Jan 16, 2019 — Timothy Walter Walter,jessica Quit Claim Deed · related —
    Mar 10, 2016 — Jeffry Walter Walter,jeffry Quit Claim Deed · related —
    Jun 2, 2015 — Jeffrey Walter Walter Janis M Quit Claim Deed · related —
    — — Jeffry L Walter — Deed Of Trust · related $12k · Stouffer Legal LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4591
    Latitude
    39.3542
    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
    $2,117
    $322,000
    $1,300
    $323,300
    -
    $322,000
    $1,300
    $323,300

    Comparable in this City

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      1112 Beech Dr

      OFFICE/RESIDENTIAL (MIXED USE)
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      12330 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      12330 Eastern Ave, Middle River, MD 21220-1358
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      $555,000
      1,344 SF

      1120 Middle Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1120 Middle Riv Rd, Middle River, MD 21220-2408
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    • Value Estimation by Request
      1,854 SF

      9717 Pulaski Hwy

      OFFICE/RESIDENTIAL (MIXED USE)
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      105 Riverton Rd

      OFFICE/RESIDENTIAL (MIXED USE)
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    Similar Nearby for Sale

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      Pulaski Highway Industrial Building

      10,220 SF industrial building on 1.37 acres.
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      Development Opportunity on Bengies Road

      13.82 acres zoned MH IM and DR 5.5.
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      Land for Sale

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      1 SF

      Retail and Restaurant Pad Sites

      Land available for retail and restaurant development in White Marsh.
      10499 Campbell Blvd, White Marsh, MD 21220
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      9909 Pulaski Hwy, Middle River, MD 21220
      View Details
    • $1,250 /Mo

      Renovated Office Space Available

      Recently renovated office space with kitchen and bathroom for rent.
      1124-B Middle River Rd, Middle River, MD 21220
      View Details
    • Contact for pricing
      23,400 SF

      Warehouse/Office Space for Sublease

      23,400 SF warehouse/office space available for sublease.
      9600 Pulaski Park Dr, Middle River, MD 21220
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      2,589 SF

      Flex/R&D Suite in Greenleigh

      Flex/R&D suite available for lease in master-planned community.
      6211 Greenleigh Ave, Middle River, MD 21220
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      6,843 SF

      Mixed-Use Community Retail Opportunity

      Retail space available in master-planned community near major routes.
      11605 Crossroads Cir, Middle River, MD 21220
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      63,000 SF

      Middle River Warehouse Space Available

      63,000 SF warehouse space available for lease.
      1225 Bengies Rd, Middle River, MD 21220
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    View Listing
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    1202 Middle River Rd
    Baltimore, MD 21220
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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.

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