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

    2524 Kirk Ave Baltimore, MD 21218-6287

    • Distribution centers
    • 18,000 SF
    • 2.81 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2022
    $1,660,000
    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0032152
    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

    • Chao-Lonergan Lelin MD / Doctor
    • Mason Donna M DDS / Dentist
    • Lee Dana M MD / Doctor
    • Lee Kristi a MD / Doctor
    • Gonzales Ronald D MD / Doctor

    Property Details for 2524 Kirk Ave

    Year built
    1950
    Construction
    BRICK
    Lot size
    2.81 lot acres
    Property size
    18,000 SF
    Zone code
    I-1
    Property type
    Distribution centers
    APN
    09-14-4106 -013
    APU
    9144106013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,865,000
      6.5%
      $2,645,000
      7%
      $2,455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,079,000
      Market price range: $354k - $1.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,615,000
      RETAIL STORES
      $2,505,000
      APARTMENT HOUSE (5+ UNITS)
      $2,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6016
    Latitude
    39.3195
    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
    $46,896
    $0.00
    $0.00
    $1,987,100
    -
    $281,000
    $1,939,700
    $2,220,700

    Comparable in this City

    • Value Estimation by Request
      8,115 SF

      427 26th St

      DISTRIBUTION WAREHOUSE • 8,115 SF
      427 26th St, Baltimore, MD 21218-4704
      View Details
    • Value Estimation
      $890,000
      78,014 SF

      601 27th St

      DISTRIBUTION WAREHOUSE • 78,014 SF
      601 27th St, Baltimore, MD 21218-4443
      View Details
    • Value Estimation by Request
      27,064 SF

      400 29th St

      DISTRIBUTION WAREHOUSE • 27,064 SF
      400 29th St, Baltimore, MD 21218-4119
      View Details
    • Value Estimation by Request
      72,400 SF

      901 Curtain Ave

      DISTRIBUTION WAREHOUSE • 72,400 SF
      901 Curtain Ave, Baltimore, MD 21218-6201
      View Details
    • Value Estimation by Request
      4,900 SF

      Baltimore, MD 21218

      COM AUTO TRANS/STORAGE • 4,900 SF
      Baltimore, MD 21218
      View Details
    • Value Estimation
      $165,000
      5,232 SF

      1123 Fillmore St

      COM AUTO TRANS/STORAGE • 5,232 SF
      1123 Fillmore St, Baltimore, MD 21218
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,038 SF

      Cold Storage Warehouse with Extra Lot

      16,038 SF cold storage warehouse with additional lot.
      2525 Loch Raven Rd, Baltimore, MD 21218
      View Details
    • $1,800,000

      Industrial Property in Baltimore

      Industrial property available for sale in Baltimore, Maryland.
      1001 Exeter Hall Ave, Baltimore, MD 21218
      View Details
    • $499,900
      1,000 SF

      Baltimore Industrial Building - Huge Potential

      .436-acre lot, 1000 sq ft building, ideal for redevelopment.
      601 35th St, Baltimore, MD 21218
      View Details
    • $475,000

      Versatile Industrial/Flex Building For Sale

      8060 sq ft industrial/flex building suitable for various uses.
      2950 Loch Raven Rd, Baltimore, MD 21218
      View Details
    • $1,700,000
      16 SF

      16,000 SF Industrial Building

      Industrial building with machine shop business opportunity near I-95.
      2141 Kennedy Ave, Baltimore, MD 21218
      View Details
    • $150,000

      Warehouse with Drive-Through Loading

      6,000 SF warehouse in Charles Village area of Baltimore.
      344 E 25 1/2 Th St, Baltimore, MD 21218
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,990 SF

      Baltimore Industrial Space for Lease

      Versatile 2,990 SF Industrial Building
      1101 Fillmore St, Baltimore, MD 21218
      View Details
    • $4 SF/Yr
      70,000 SF

      70,000 SF Industrial Building

      Industrial building for lease, suitable for various operations.
      1220 Curtain Ave, Baltimore, MD 21218
      View Details
    • Contact for pricing
      80,000 SF

      80,000 SF Industrial Building

      Industrial building with outside storage, drive-in, and dock loading.
      2700 Loch Raven Rd, Baltimore, MD 21218
      View Details
    • $1,100 /Mo
      600 SF

      East Harwood Commercial Bays

      Flexible commercial bays in the heart of Baltimore, Maryland.
      2712 Mathews St, Baltimore, MD 21218
      View Details
    • Contact for pricing
      2,250 SF

      Office Space for Rent

      2,250 SF office space available for rent.
      2507 N Howard St, Baltimore, MD 21218
      View Details
    • Contact for pricing
      1,870 SF

      Retail-Office Space Available For Lease

      Retail-office space available for lease across three properties.
      3360 Greenmount Ave, Baltimore, MD 21218
      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.
    2524 Kirk Ave
    Baltimore, MD 21218-6287
    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.