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    2209 Sparrows Pt Rd Baltimore, MD 21219-1730
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    Property profile & analytics

    2209 Sparrows Pt Rd, Baltimore, MD 21219-1730

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    • Investment properties
    • 1,568 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US40-2010184
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2209 Sparrows Pt Rd

    Year built
    1800
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Zone code
    RO
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15-2000001216
    APU
    152000001216

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2019 $88,500 Eric Taylor Charles G Jeana|frazier Trustees Deed · related —
    Feb 27, 2017 — Charles G Frazier — Deed · related $100k · Ocwen Ln Servicing
    May 29, 2015 — Charles G Frazier Frazier Charles G Quit Claim Deed · related —
    — — Charles G Frazier — Loan Modification · related $100k · Ocwen Ln Servicing
    — — Charles G Frazier — Deed Of Trust · related $50k · First Allegiance Financial Cor

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4598
    Latitude
    39.2321
    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
    $1,061
    $67,000
    $61,700
    $128,700
    -
    $67,000
    $61,700
    $128,700

    Comparable in this City

    • Value Estimation
      $585,000
      4,464 SF

      2722 Ldg Farm Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2722 Ldg Farm Rd, Edgemere, MD 21219-1363
      View Details
    • Value Estimation by Request
      1,512 SF

      Ruth Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      Ruth Ave, Sparrows Point, MD 21219
      View Details
    • Value Estimation by Request
      1,344 SF

      2608 Snyder Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2608 Snyder Ave, Baltimore, MD 21219-1724
      View Details
    • Value Estimation by Request
      918 SF

      7206 Bay Frnt Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      7206 Bay Frnt Rd, Baltimore, MD 21219-2114
      View Details
    • Value Estimation
      $875,000
      7,000 SF

      7000 Pt Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      7000 Pt Rd, Baltimore, MD 21219-1247
      View Details
    • Value Estimation by Request
      1,624 SF

      2322 Ruth Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2322 Ruth Ave, Baltimore, MD 21219-1826
      View Details

    Similar Nearby for Sale

    • $765,000

      Fully Leased Apartment Building

      Seven-unit apartment building with updated kitchens and bathrooms.
      2722 Lodge Farm Rd, Sparrows Point, MD 21219
      View Details
    • Contact for pricing

      Fully Leased Apartment Building

      Seven-unit apartment building with updated kitchens and bathrooms.
      2722 Lodge Farm Rd, Sparrows Point, MD 21219
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    • $90,000
      0.26 Acres

      Land in Sparrows Point, MD

      0.26 acre lot for sale in Sparrows Point.
      Lodge Farm Rd, Sparrows Point, MD 21219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,500 SF

      Versatile Industrial Space Near I-695

      96,500 SF industrial space with docks and drive-ins.
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      2,400 SF

      Retail Space in Sparrows Point

      2,400 SF retail space available for lease.
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    • Contact for pricing

      Baltimore County East Space Available

      2,400 SF of space available for lease in Baltimore County.
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      204,000 SF

      204,000 SF Industrial Space Available

      Industrial space for lease featuring 36' clear height.
      1651 Sparrows Point Blvd, Edgemere, MD 21219
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    • Contact for pricing

      North Point Road Retail Space

      Second-generation cafe/coffee shop space with ventilation and parking.
      7002 North Point Rd, Sparrows Point, MD 21219
      View Details
    • Contact for pricing
      108,560 SF

      Sparrows Point Warehouse Space Available

      108,560 sqft warehouse/industrial space for lease in Sparrows Point.
      1935 Reservoir Rd, Sparrows Point, MD 21219
      View Details
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    Baltimore, MD 21219-1730
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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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