Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Broening Hwy Baltimore, MD 21224

    • Distribution centers
    • 248,326 SF
    • 34.98 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0026890
    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

    • Mid Atlantic / Corporate Office
    • Blueprint Robotics / Manufacturer

    Property Details for 1500 Broening Hwy

    Year built
    2016
    Lot size
    34.98 lot acres
    Property size
    248,326 SF
    Zone code
    I-2
    Property type
    Distribution centers
    APN
    26-01-6871C-001
    APU
    26016871C001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $37,775,000
      Current use
      OFFICE BUILDING
      $72,410,000
      Change: +92% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $57,295,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $49,315,000
      Change: +31% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $45,480,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $36,175,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $36,085,000
      Change: -4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $32,100,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5454
    Latitude
    39.2743
    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
    $1,124,550
    $0.00
    $0.00
    $47,650,400
    -
    $5,247,600
    $45,508,600
    $50,756,200

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      6760 Graceland Ave

      DISTRIBUTION WAREHOUSE • 1,000 SF
      6760 Graceland Ave, Baltimore, MD 21224-3059
      View Details
    • Value Estimation
      $3,415,000
      25,200 SF

      6311 Lombard St

      DISTRIBUTION WAREHOUSE • 25,200 SF
      6311 Lombard St, Baltimore, MD 21224-1734
      View Details
    • Value Estimation
      $590,000
      13,000 SF

      1505 Hvn St

      DISTRIBUTION WAREHOUSE • 13,000 SF
      1505 Hvn St, Baltimore, MD 21224-5702
      View Details
    • Value Estimation
      $22,135,000
      498,923 SF

      5250 Holabird Ave

      DISTRIBUTION WAREHOUSE • 498,923 SF
      5250 Holabird Ave, Baltimore, MD 21224
      View Details
    • Value Estimation by Request
      346,408 SF

      5501 Holabird Ave

      DISTRIBUTION WAREHOUSE • 346,408 SF
      5501 Holabird Ave, Baltimore, MD 21224-6026
      View Details
    • Value Estimation
      $13,610,000
      133,300 SF

      6200 Beckley St

      DISTRIBUTION WAREHOUSE • 133,300 SF
      6200 Beckley St, Baltimore, MD 21224-6522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Canton Industrial Flex Space For Sale

      11,000 SF Flex/Warehouse in Baltimore, MD
      1000 Linwood Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing
      20,640 SF

      Baltimore Warehouse: I-2 Zoning

      20,640 SF Warehouse - Sale/Lease
      140 Kresson St, Baltimore, MD 21224
      View Details
    • $1,200,000
      5,000 SF

      300 South Kresson St

      for lease in Baltimore, MD
      300 South Kresson St, Baltimore, MD 21224
      View Details
    • $2,550,000
      40,895 SF

      Industrial Building Near Port of Baltimore

      40,895 SF industrial building with highway access.
      3501 Pulaski Hwy, Baltimore, MD 21224
      View Details
    • $3,500,000
      30,000 SF

      30,000 SF Warehouse with Office

      30,000 SF warehouse with 7,000 SF office space.
      7675 Canton Center Dr, Baltimore, MD 21224
      View Details
    • $2,500,000
      11,000 SF

      1000 S Linwood Ave

      Warehouse property for sale in Baltimore, MD
      1000 S Linwood Ave, Baltimore, MD 21224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      201,500 SF

      Industrial Warehouse Near Baltimore Port

      263,500 SF warehouse with port access and ample parking.
      1500 Broening Hwy, Baltimore, MD 21224
      View Details
    • Contact for pricing
      93,800 SF

      Renovated Baltimore Warehouse with Storage

      93,800 SF warehouse with outside storage and renovations.
      6201 Seaforth St, Baltimore, MD 21224
      View Details
    • $5,500 /Mo
      5,000 SF

      Industrial Building with Fenced Storage

      Industrial service building with fenced storage near I-895.
      300 S Kresson St, Baltimore, MD 21224
      View Details
    • $11 SF/Yr
      30,000 SF

      Industrial Service Building For Lease

      38,400 SF industrial building with convenient highway access.
      2200 Van Deman St, Baltimore, MD 21224
      View Details
    • Contact for pricing
      195,000 SF

      Industrial Warehouse Near Baltimore Port

      323,277 SF warehouse near Baltimore port with distribution capabilities.
      6300 Beckley St, Baltimore, MD 21224
      View Details
    • $599,000
      1,600 SF

      Baltimore City Mixed-Use Opportunity

      Mixed-use property with secured parking and residential apartment available for rent.
      3729-3737 Gough St, Baltimore, MD 21224
      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.
    1500 Broening Hwy
    Baltimore, MD 21224
    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.