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

    1828 Milton Ave Baltimore, MD 21213-2549

    • Auto shops
    • 1,964 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2195169
    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

    • Auto shops

    Property Details for 1828 Milton Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    1,964 SF
    Zone code
    C-2
    Property type
    Auto shops
    APN
    08-20-1454 -035
    APU
    8201454035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5834
    Latitude
    39.312
    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
    $824
    $0.00
    $0.00
    $34,900
    -
    $11,600
    $31,900
    $43,500

    Comparable in this City

    • Value Estimation
      $655,000
      19,520 SF

      2313 En Ave

      AUTO REPAIR, GARAGE • 19,520 SF
      2313 En Ave, Baltimore, MD 21213-1505
      View Details
    • Value Estimation by Request
      16,000 SF

      1911 Chester St

      AUTO REPAIR, GARAGE • 16,000 SF
      1911 Chester St, Baltimore, MD 21213-1512
      View Details
    • Value Estimation
      $280,000
      3,150 SF

      Baltimore, MD 21213

      AUTO REPAIR, GARAGE • 3,150 SF
      Baltimore, MD 21213
      View Details
    • Value Estimation by Request
      5,380 SF

      1717 Henneman Ave

      AUTO REPAIR, GARAGE • 5,380 SF
      1717 Henneman Ave, Baltimore, MD 21213
      View Details
    • Value Estimation by Request
      6,780 SF

      2030 Llewelyn Ave

      AUTO REPAIR, GARAGE • 6,780 SF
      2030 Llewelyn Ave, Baltimore, MD 21213-3214
      View Details
    • Value Estimation by Request
      2,340 SF

      2031 Llewelyn Ave

      AUTO REPAIR, GARAGE • 2,340 SF
      2031 Llewelyn Ave, Baltimore, MD 21213-3213
      View Details

    Similar Nearby for Sale

    • $750,000
      0.41 Acres

      Retail/Automotive Corner Property in Baltimore

      High-visibility corner property with parking, drive-in doors, and income.
      2351 E North Ave, Baltimore, MD 21213
      View Details
    • $50,000

      Mixed-Use Building with Rental Income

      Mixed-use building with two residential units and one commercial unit.
      3418 Belair Rd, Baltimore, MD 21213
      View Details
    • $479,900

      Updated Mixed-Use Building Near Park

      Renovated mixed-use property with commercial space and updated living/office.
      1101 N Patterson Park Ave, Baltimore, MD 21213
      View Details
    • $50,000

      Restaurant Building with Carry-Out Use

      Restaurant building with commercial kitchen and potential parking space.
      3217 Belair Rd, Baltimore, MD 21213
      View Details
    • $2,500,000

      Renovated Flex Building with Banquet Halls

      56,000 SF renovated flex building with banquet halls and kitchen.
      3425 Sinclair Ln, Baltimore, MD 21213
      View Details
    • $100,000

      Retail Property For Sale

      Retail property offered as is. Investor alert!
      1619 E Federal St E, Baltimore, MD 21213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,335 SF

      Retail Space in Baltimore Center

      10,555 SF end-cap available in a busy shopping center.
      2401 Belair Rd, Baltimore, MD 21213
      View Details
    • Contact for pricing
      7,000 SF

      Retail & Office Space Available

      34,594 SF retail and office space for lease.
      1501 N Chester St, Baltimore, MD 21213
      View Details
    • Contact for pricing
      110,901 SF

      Erdman Shopping Center: Baltimore Retail

      Prime Baltimore retail space available. Multiple suites, high visibility.
      3833 Erdman Ave, Baltimore, MD 21213
      View Details
    • Contact for pricing
      29,223 SF

      Refrigerated Warehouse Space Available

      29,223 SF refrigerated warehouse with cold dock and trailer parking.
      1301-1401 Edison Hwy, Baltimore, MD 21213
      View Details
    • $1,995 /Mo

      Charming Rowhouse Near Johns Hopkins

      Charming rowhouse with parking pad, near Johns Hopkins Hospital.
      1515 N Collington Ave, Baltimore, MD 21213
      View Details
    • $1,400 /Mo
      1,800 SF

      Student Housing with Utilities Included

      Partially furnished student housing with utilities and amenities included.
      1713 E Lafayette Ave, Baltimore, MD 21213
      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.
    1828 Milton Ave
    Baltimore, MD 21213-2549
    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.