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

    2002 Clipper Park Rd Baltimore, MD 21211

    • Office buildings
    • 33,809 SF
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1561408
    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

    • Art On Purpose / Art Gallery
    • inPLACE Design / Corporate Office
    • Uebersax Stacey C / Psychologist
    • Metropolitan Studio / Interior Designer / Architectural Designer
    • People Encouraging / Physical Therapy Clinic

    Property Details for 2002 Clipper Park Rd

    Year built
    1890
    Property size
    33,809 SF
    Property type
    Office buildings
    APN
    13-04-3390B-089B
    APU
    13043390B089B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,870,000
      Market price range: $3.86M - $11.6M
      AI Estimate
      $5,933,000
      Market price range: $1.94M - $7.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,945,000
      Current use
      AUTO REPAIR, GARAGE
      $7,800,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $7,690,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $6,190,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,575,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6446
    Latitude
    39.3321
    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
    $141,968
    $0.00
    $0.00
    $5,889,333
    -
    $727,800
    $5,516,000
    $6,243,800

    Comparable in this City

    • Value Estimation by Request
      3,080 SF

      1605 Un Ave

      OFFICE BUILDING • 3,080 SF
      1605 Un Ave, Baltimore, MD 21211-1918
      View Details
    • Value Estimation
      $2,815,000
      14,126 SF

      701 Wyman Park Dr

      OFFICE BUILDING • 14,126 SF
      701 Wyman Park Dr, Baltimore, MD 21211-2805
      View Details
    • Value Estimation
      $505,000
      3,200 SF

      3904 Hickory Ave

      OFFICE BUILDING • 3,200 SF
      3904 Hickory Ave, Baltimore, MD 21211-1855
      View Details
    • Value Estimation by Request
      2,310 SF

      2225 Huntingdon Ave

      OFFICE BUILDING • 2,310 SF
      2225 Huntingdon Ave, Baltimore, MD 21211-3211
      View Details
    • Value Estimation
      $5,590,000
      19,594 SF

      1650 Un Ave

      OFFICE BUILDING • 19,594 SF
      1650 Un Ave, Baltimore, MD 21211-1917
      View Details
    • Value Estimation by Request
      4,003 SF

      3929 Fls Rd

      OFFICE BUILDING • 4,003 SF
      3929 Fls Rd, Baltimore, MD 21211-1877
      View Details

    Similar Nearby for Sale

    • $400,000
      5,040 SF

      Hampden Multifamily Value-Add Opportunity

      Multifamily property in prime Baltimore neighborhood, excellent investment potential.
      3252 Keswick Ave, Baltimore, MD 21211
      View Details
    • Contact for pricing
      4,000 SF

      Clipper Mill Warehouse For Sale

      4,000 SF building in Clipper Mill area for sale.
      3420 Ash St, Baltimore, MD 21211
      View Details
    • $479,900

      Roland Heights Avenue Property

      Property at 4412 Roland Heights Ave, Baltimore, MD 21211.
      4412 Roland Heights Ave, Baltimore, MD 21211
      View Details
    • $275,000

      Commercial Land For Sale

      Commercial land available for sale.
      4032 Falls Rd, Baltimore, MD 21211
      View Details
    • $275,000

      Baltimore Specialty Property for Sale

      Specialty property available in Baltimore, Maryland.
      2072 Rockrose Ave, Baltimore, MD 21211
      View Details
    • $1,050,000
      4,200 SF

      Turnkey Bar and Restaurant Opportunity

      Two-level corner bar and restaurant with a tavern license.
      300 W 30Th St, Baltimore, MD 21211
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,883 SF

      Baltimore Office Space For Rent

      Office spaces available with on-site amenities and convenient location.
      711 W 40Th St, Baltimore, MD 21211
      View Details
    • Contact for pricing
      1,820 SF

      Office Space Available For Rent

      Office space available for rent in Baltimore, Maryland.
      1500 Union Ave, Baltimore, MD 21211
      View Details
    • $19 SF/Yr
      208,000 SF

      Office Space in Meadow Mill

      Office space available for rent in Meadow Mill at Woodberry.
      3600 Clipper Mill Rd, Baltimore, MD 21211
      View Details
    • $2,400 /Mo
      2,000 SF

      Hampden Neighborhood Second Level Space

      Second level space in trendy Hampden neighborhood with open studio.
      4001 Falls Rd, Baltimore, MD 21211
      View Details
    • $19 SF/Yr
      7,000 SF

      Hampden Office Space For Rent

      Office space in residential Hampden area with multiple roll-up doors.
      1100 W 41St St, Baltimore, MD 21211
      View Details
    • Contact for pricing
      8,326 SF

      Available Office Space For Rent

      Office space available immediately for rent in Baltimore, MD.
      1600 W 41St St, Baltimore, MD 21211
      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.
    2002 Clipper Park Rd
    Baltimore, MD 21211
    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.