Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1700 Parkman Ave Baltimore, MD 21230-1010

    • Manufacturing properties
    • 19,377 SF
    • 2.60 lot acres
    OFF-MARKET
    Value Estimations
    $475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0957173
    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 1700 Parkman Ave

    Year built
    1945
    Construction
    BRICK
    Lot size
    2.60 lot acres
    Property size
    19,377 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    25-02-7755 -069
    APU
    25027755069

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $714,000
      Market price range: $355k - $1.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6617
    Latitude
    39.2612
    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
    $14,896
    $182,000
    $449,200
    $631,200
    -
    $182,000
    $449,200
    $631,200

    Comparable in this City

    • Value Estimation
      $865,000
      41,200 SF

      1620 Bush St

      MANUFACTURING (LIGHT) • 41,200 SF
      1620 Bush St, Baltimore, MD 21230-2021
      View Details
    • Value Estimation
      $1,840,000
      17,000 SF

      2220 Langley St

      MANUFACTURING (LIGHT) • 17,000 SF
      2220 Langley St, Baltimore, MD 21230-1613
      View Details
    • Value Estimation
      $1,510,000
      23,200 SF

      1700 Morrell Park Ave

      MANUFACTURING (LIGHT) • 23,200 SF
      1700 Morrell Park Ave, Baltimore, MD 21230-1219
      View Details
    • Value Estimation
      $165,000
      12,700 SF

      1701 Washington Blvd

      MANUFACTURING (LIGHT) • 12,700 SF
      1701 Washington Blvd, Baltimore, MD 21230-1703
      View Details
    • Value Estimation
      $290,000
      3,942 SF

      779 Ostend St

      MANUFACTURING (LIGHT) • 3,942 SF
      779 Ostend St, Baltimore, MD 21230-2611
      View Details
    • Value Estimation
      $740,000
      45,673 SF

      333 Ostend St

      MANUFACTURING (LIGHT) • 45,673 SF
      333 Ostend St, Baltimore, MD 21230-3753
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,000 SF

      Warehouse with Overhead Cranes

      18,606 SF warehouse with cranes, ideal for manufacturing.
      1227 Bush St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      43,740 SF

      Baltimore Industrial/Retail Building For Sale

      43,740 SF industrial/retail building in Carroll Camden Industrial Area.
      1900 Bayard St, Baltimore, MD 21230
      View Details
    • $1,100,000
      5,000 SF

      1104 Hull St

      Flex property in Baltimore, MD
      1104 Hull St, Baltimore, MD 21230
      View Details
    • $450,000

      Warehouse and Office Space For Sale

      Warehouse and office space with multiple entrances and lease income.
      1503 Wilmington Ave, Baltimore, MD 21230
      View Details
    • $649,999

      Storage Garages and Parking For Sale

      Storage garages and parking lot near Southside Shopping Center.
      700 E Heath St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      7,400 SF

      Industrial Building with Fenced Lot

      7,400 SF industrial building with heavy power and fenced lot.
      2107 Maisel St, Baltimore, MD 21230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Industrial Loft Building in Baltimore

      30,000 SF industrial loft available for sale or lease.
      1303 Carroll St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      4,880 SF

      Baltimore Warehouse Space for Lease

      4,880 SF warehouse/industrial space available for lease in Baltimore.
      2039 Hollins Ferry Rd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      96,350 SF

      Historic Gaslight Square Mixed-Use Project

      96,350 SF mixed-use project with office and flex opportunities.
      1401 Severn St, Baltimore, MD 21230
      View Details
    • $3,600 /Mo

      Industrial Property for Rent

      Industrial space available for lease in Baltimore, Maryland.
      1644 Beason St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      27,100 SF

      Baltimore County Flex Warehouse

      27,100 SF Industrial Space Available
      2700 Patapsco Ave, Baltimore, MD 21230
      View Details
    • Contact for pricing
      24,000 SF

      Single Story Flex Building

      24,000 SF flex building with office and warehouse space.
      1552 Ridgely St, Baltimore, MD 21230
      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.
    1700 Parkman Ave
    Baltimore, MD 21230-1010
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.