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    • For Lease
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    2501 Boston St Baltimore, MD 21224
    Property profile & analytics

    2501 Boston St Baltimore, MD 21224

    View on Map
    • Specialty properties
    • 8,029 SF
    • 0.91 lot acres
    For Sale
    $550,000
    View Listing →
    Baltimore Boat Slip Ownership Opportunity For Sale
    $550,000

    Baltimore Boat Slip Ownership Opportunity

    Own a boat slip in Baltimore's premier yachting center.

    2501 Boston St, Baltimore, MD 21224
    View Listing
    Property ID
    US40-0966971
    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

    • Mid Atlantic Sailing School / Sailing School
    • Anchorage Marina / Marina
    • Marina Ventures International Ltd / Marina
    • Smart Realty Pros. / Real Estate Agency
    • Ships Ahoy Inc. / (Bike/Boat/Book/etc) Store

    Property Details for 2501 Boston St

    Year built
    1987
    Construction
    BRICK
    Lot size
    0.91 lot acres
    Property size
    8,029 SF
    Zone code
    C-2*
    Property type
    Specialty properties
    APN
    01-06-1902C-042
    APU
    01061902C042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $753,000
      Market price range: $325k - $856k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $555,000
      Current use
      RETAIL STORES
      $790,000
      Change: +41% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $730,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $625,000
      Change: +12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $585,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5814
    Latitude
    39.2807
    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
    $27,595
    $999,700
    $169,600
    $1,169,300
    -
    $999,700
    $169,600
    $1,169,300

    Comparable in this City

    • Value Estimation
      $755,000
      11,832 SF

      1010 Oldham St

      CHARITABLE ORGANIZATION • 11,832 SF
      1010 Oldham St, Baltimore, MD 21224-4509
      View Details
    • Value Estimation
      $1,090,000
      2,584 SF

      2304 Boston St

      VETERINARY, ANIMAL HOSPITAL • 2,584 SF
      2304 Boston St, Baltimore, MD 21224-3601
      View Details
    • Value Estimation
      $820,000
      9,626 SF

      1005 Dundalk Ave

      FUNERAL HOME • 9,626 SF
      1005 Dundalk Ave, Baltimore, MD 21224-3018
      View Details
    • Value Estimation by Request
      3,522 SF

      263 Conkling St

      FUNERAL HOME • 3,522 SF
      263 Conkling St, Baltimore, MD 21224-2415
      View Details
    • Value Estimation by Request
      2,400 SF

      4602 Eastern Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,400 SF
      4602 Eastern Ave, Baltimore, MD 21224-4417
      View Details
    • Value Estimation by Request
      3,805 SF

      6224 Eastern Ave

      FUNERAL HOME • 3,805 SF
      6224 Eastern Ave, Baltimore, MD 21224-2908
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,450 SF

      Class A Office Space Available

      Canton office space with enhanced air quality and covered parking.
      3904 Boston St, Baltimore, MD 21224
      View Details
    • $1,900 /Mo

      Versatile Lower-Level Commercial Space

      Multi-purpose rental space near downtown Baltimore, ideal for various businesses.
      3701 E Lombard St, Baltimore, MD 21224
      View Details
    • $2,000 /Mo
      1,050 SF

      Greektown Storefront for Rent

      Commercial storefront in Greektown with optional second floor.
      4609 Eastern Ave, Baltimore, MD 21224
      View Details
    • $595 /Mo
      1,298 SF

      Historic Greektown Office Space

      Office space in historic Greektown with high traffic.
      4603 Eastern Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing
      13,800 SF

      Industrial Space with Office

      13,800 SF industrial space with 900 SF office.
      6615 Tributary St, Baltimore, MD 21224
      View Details
    View Listing
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    2501 Boston St
    Baltimore, MD 21224
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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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