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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2010 Broening Hwy Baltimore, MD 21224-6027

    • Distribution centers
    • 1,015,550 SF
    • 64.95 lot acres
    OFF-MARKET
    Last Sale
    Oct 07, 2021
    $164,359,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0133654
    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

    • Amazon Fulfillment Center Tours - BWI2 / Warehouse / Tourist Attraction
    • ISS / Employment Agency
    • BWI2 Amazon Truck Entrance / Warehouse
    • Amazon Locker - Cot / Mailing Service / E-Commerce Service
    • BWI2 - Amazon Fulfillment Center Tours / Tour Operator

    Property Details for 2010 Broening Hwy

    Year built
    2015
    Lot size
    64.95 lot acres
    Property size
    1,015,550 SF
    Zone code
    I-2
    Property type
    Distribution centers
    APN
    26-01-6874A-004
    APU
    26016874A004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $116,250,000
      6.5%
      $107,310,000
      7%
      $99,645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $107,478,000
      Market price range: $21.8M - $113M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $154,485,000
      Current use
      AUTO REPAIR, GARAGE
      $234,320,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $201,680,000
      Change: +31% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $185,990,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $147,945,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $147,570,000
      Change: -4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $131,270,000
      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
    -76.5481
    Latitude
    39.2675
    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
    $2,376,140
    $0.00
    $0.00
    $100,683,900
    -
    $9,743,800
    $91,601,900
    $101,345,700

    Comparable in this City

    • Value Estimation
      $3,615,000
      43,576 SF

      600 Folcroft St

      DISTRIBUTION WAREHOUSE • 43,576 SF
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    • Value Estimation
      $5,045,000
      44,400 SF

      800 Gusryan St

      DISTRIBUTION WAREHOUSE • 44,400 SF
      800 Gusryan St, Baltimore, MD 21224-2947
      View Details
    • Value Estimation
      $1,305,000
      7,000 SF

      828 Northpoint Rd

      DISTRIBUTION WAREHOUSE • 7,000 SF
      828 Northpoint Rd, Baltimore, MD 21224-3219
      View Details
    • Value Estimation
      $515,000
      5,000 SF

      300 Kresson St

      DISTRIBUTION WAREHOUSE • 5,000 SF
      300 Kresson St, Baltimore, MD 21224-2617
      View Details
    • Value Estimation
      $7,245,000
      89,590 SF

      7616 Canton Ctr Dr

      DISTRIBUTION WAREHOUSE • 89,590 SF
      7616 Canton Ctr Dr, Baltimore, MD 21224-2027
      View Details
    • Value Estimation
      $2,405,000
      20,900 SF

      505 Kane St

      DISTRIBUTION WAREHOUSE • 20,900 SF
      505 Kane St, Baltimore, MD 21224-2929
      View Details

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      20,640 SF

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      20,640 SF Warehouse - Sale/Lease
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    • $1,200,000
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      for lease in Baltimore, MD
      300 South Kresson St, Baltimore, MD 21224
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    • $2,550,000
      40,895 SF

      Industrial Building Near Port of Baltimore

      40,895 SF industrial building with highway access.
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    • $2,500,000
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      1000 S Linwood Ave

      Warehouse property for sale in Baltimore, MD
      1000 S Linwood Ave, 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.
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      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
    • $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
      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
    • 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
    • Contact for pricing

      Warehouse with Outside Storage Available

      Air-conditioned warehouse with outside storage and highway access for lease.
      7741 Eastpoint Mall, Baltimore, MD 21224
      View Details
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    2010 Broening Hwy
    Baltimore, MD 21224-6027
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    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
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