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    Property profile & analytics

    121 Riverside Rd Baltimore, MD 21221-6655

    • Manufacturing properties
    • 9,375 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Oct 22, 2024
    $600,000
    Location Intelligence
    Property ID
    US40-0717178
    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

    • Manufacturing properties

    Property Details for 121 Riverside Rd

    Year built
    1962
    Construction
    BRICK
    Lot size
    0.31 lot acres
    Property size
    9,375 SF
    Zone code
    R-6
    Property type
    Manufacturing properties
    APN
    25-06-7027D-001
    APU
    25067027D001

    Description

    This exceptional 10,000 square foot freestanding warehouse, located at 121 Riverside Road in Baltimore, Maryland, presents a compelling investment opportunity. Situated within an Opportunity Zone, this property offers significant potential for growth and tax advantages. The warehouse boasts convenient exterior dock and drive-in access, ensuring efficient loading and unloading operations. The interior features impressive ceiling heights ranging from 14 to 16 feet, providing ample vertical space for storage and various industrial uses. The property is equipped with heavy power, including 3-phase electrical service, catering to the demands of energy-intensive businesses. Its prime location in Baltimore City, within Baltimore County, and the 21225 zip code, offers easy access to major transportation routes and a robust workforce. This well-maintained warehouse is ready for immediate occupancy and presents a rare chance to acquire a functional and strategically located industrial asset in a thriving market. The property's size, features, and location make it ideal for a variety of industrial and warehousing operations. Further details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $265,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $240,000
      Mixed-Use
      $245,000
      Hospitality
      $260,000
      Educational
      $300,000
      Residential Income
      $310,000
      Energy
      $230,000
      Income-Based Land
      $305,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6165
    Latitude
    39.2368
    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
    $5,374
    $40,700
    $187,000
    $227,700
    -
    $40,700
    $187,000
    $227,700

    Comparable in this City

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    • Value Estimation
      $750,000
      28,800 SF

      8901 Kelso Dr

      MANUFACTURING (LIGHT) • 28,800 SF
      8901 Kelso Dr, Baltimore, MD 21221-3113
      View Details

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    121 Riverside Rd
    Baltimore, MD 21221-6655
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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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