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    Property profile & analytics

    1401 Homberg Ave Essex, MD 21221-3716

    • Office buildings
    • 696 SF
    • 1.43 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US40-0865906
    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

    • Office buildings

    Property Details for 1401 Homberg Ave

    Construction
    BRICK
    Lot size
    1.43 lot acres
    Property size
    696 SF
    Zone code
    BR
    Property type
    Office buildings
    APN
    15-1519071811
    APU
    151519071811

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $535,000
      Mixed-Use
      $480,000
      Hospitality
      $535,000
      Educational
      $640,000
      Residential Income
      $570,000
      Energy
      $505,000
      Income-Based Land
      $550,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4516
    Latitude
    39.3109
    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
    $2,161
    $140,400
    $131,000
    $271,400
    -
    $140,400
    $131,000
    $271,400

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      5 Nashua Ct

      OFFICE BUILDING • 1,280 SF
      5 Nashua Ct, Baltimore, MD 21221-3147
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    • Value Estimation
      $255,000
      1,704 SF

      223 Eastern Blvd

      OFFICE BUILDING • 1,704 SF
      223 Eastern Blvd, Baltimore, MD 21221-6936
      View Details
    • Value Estimation
      $365,000
      3,425 SF

      616 Stemmers Run Rd

      OFFICE BUILDING • 3,425 SF
      616 Stemmers Run Rd, Baltimore, MD 21221-3318
      View Details
    • Value Estimation by Request
      1,344 SF

      1760 Eastern Blvd

      OFFICE BUILDING • 1,344 SF
      1760 Eastern Blvd, Baltimore, MD 21221-2105
      View Details
    • Value Estimation
      $1,710,000
      6,819 SF

      900 Baltimore Yacht Clb Rd

      OFFICE BUILDING • 6,819 SF
      900 Baltimore Yacht Clb Rd, Essex, MD 21221-2002
      View Details
    • Value Estimation by Request
      11,040 SF

      8800 Citation Rd

      OFFICE BUILDING • 11,040 SF
      8800 Citation Rd, Baltimore, MD 21221-3101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.17 Acres

      Essex Commercial Space - Eastern Blvd

      Three Units, High Visibility, Prime Location
      429 Eastern Blvd, Essex, MD 21221
      View Details
    • $195,900
      2,275 SF

      Essex Office Building - Redevelopment Opportunity

      Prime Essex location, 2,275 sq ft, redevelopment potential.
      609 Eastern Blvd, Essex, MD 21221
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      Essex Specialty Property For Sale

      Specialty property available for sale in Essex, Maryland.
      1221 Eastern Ave, Baltimore, MD 21221
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      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
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    • $799,950

      Waterfront Property with Multiple Slips

      Over 1 acre waterfront property with multiple slips.
      1937 Cape May Rd, Essex, MD 21221
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      Essex Specialty Property For Sale

      Specialty property available for purchase in Essex, Maryland.
      2028 William Ave, Essex, MD 21221
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    Similar Nearby for Lease

    • New
      $2,200 /Mo
      3,920 SF

      Renovated Office Building for Lease

      Newly renovated office building with multiple suites available for lease.
      405 Stemmers Run Rd, Essex, MD 21221
      View Details
    • New
      $2,200 /Mo
      54,886 SF

      Office Space Near Major Routes

      Office space ideal for various professional services in Baltimore County.
      601 Back River Neck Rd, Baltimore, MD 21221
      View Details
    • New
      $1,500 /Mo
      3,920 SF

      Office Space in Essex, MD

      Office suites available for lease in Essex, Maryland.
      405 Stemmers Run Rd, Essex, MD 21221
      View Details
    • Contact for pricing
      2,500 SF

      Flex Space with Roll-Up Door

      Flex space available for sublease with existing office and restroom.
      2015 Turkey Point Rd, Essex, MD 21221
      View Details
    • Contact for pricing
      3,342 SF

      Retail Space in Waterview Center

      Retail space available in high-traffic Waterview Town Center.
      117-165 Orville Rd, Essex, MD 21221
      View Details
    • Contact for pricing
      2,203 SF

      Rossville Blvd Retail Space for Lease

      Essex, MD Retail Center - Two Suites Available
      6036 Rossville Blvd, Essex, MD 21221
      View Details
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    1401 Homberg Ave
    Essex, MD 21221-3716
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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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