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

    3006 Druid Park Dr Baltimore, MD 21215-7814

    • Warehouses
    • 113,883 SF
    OFF-MARKET
    Last Sale
    May 28, 2021
    $21,199,160
    Value Estimations
    $21,975,000
    Show details
    Cap Rate Potential
    4%
    Warehouses
    Location Intelligence
    Property ID
    US40-2305331
    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

    • Public Storage / Moving Supply Store / Storage Facility
    • Focus Walking Drug Rehab & Alcohol Detox Baltimore / Addiction Treatment Center

    Property Details for 3006 Druid Park Dr

    Year built
    2003
    Property size
    113,883 SF
    Zone code
    I-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    15-30-3257A-006
    APU
    15303257A006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $26,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,890,000
      6.5%
      $16,515,000
      7%
      $15,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,685,000
      Market price range: $6.90M - $29.7M
      AI Estimate
      $16,486,000
      Market price range: $3.14M - $16.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $17,325,000
      Current use
      AUTO REPAIR, GARAGE
      $26,275,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $25,895,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $23,385,000
      Change: +35% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $20,855,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $16,550,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $15,865,000
      Change: -8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $14,855,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6622
    Latitude
    39.3237
    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
    $240,849
    $0.00
    $0.00
    $10,205,467
    -
    $134,700
    $20,865,300
    $21,000,000

    Comparable in this City

    • Value Estimation
      $16,750,000
      82,614 SF

      5301 Park Hts Ave

      MINI-WAREHOUSE, STORAGE • 82,614 SF
      5301 Park Hts Ave, Baltimore, MD 21215-4613
      View Details
    • Value Estimation
      $19,245,000
      93,162 SF

      5801 Reisterstown Rd

      MINI-WAREHOUSE, STORAGE • 93,162 SF
      5801 Reisterstown Rd, Baltimore, MD 21215-3410
      View Details
    • Value Estimation by Request
      1,768 SF

      3820 Lewin Ave

      WAREHOUSE, STORAGE • 1,768 SF
      3820 Lewin Ave, Baltimore, MD 21215-5529
      View Details
    • Value Estimation by Request
      1,860 SF

      2709 Boarman Ave

      WAREHOUSE, STORAGE • 1,860 SF
      2709 Boarman Ave, Baltimore, MD 21215
      View Details
    • Value Estimation
      $1,015,000
      6,110 SF

      6316 Reisterstown Rd

      WAREHOUSE, STORAGE • 6,110 SF
      6316 Reisterstown Rd, Baltimore, MD 21215-2309
      View Details
    • Value Estimation by Request
      756 SF

      4700 Reisterstown Rd

      WAREHOUSE, STORAGE • 756 SF
      4700 Reisterstown Rd, Baltimore, MD 21215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,100 SF

      Freestanding Fenced Industrial Facility

      Freestanding, fenced, and lit facility near Interstate 83.
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      9,500 SF

      9,500 SF Warehouse For Sale

      9,500 SF warehouse in Northwest Baltimore City, zoned C-2.
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      5,000 SF

      Park Heights Ave Mixed-Use Building

      Prime Baltimore location, 5,000 sq ft, C-1 zoning.
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      40,148 SF

      Versatile Automotive Property with Parking

      3.56-acre property with showroom, garage, and ample parking.
      5712-5720 Reisterstown Rd, Baltimore, MD 21215
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    • $114,993

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
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      Baltimore Specialty Property for Sale

      Specialty property available in Baltimore, Maryland.
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    Similar Nearby for Lease

    • Contact for pricing

      Baltimore Warehouse Space Available

      Warehouse/distribution property in Baltimore, MD, with on-site management.
      4214-4226 Amos Ave, Baltimore, MD 21215
      View Details
    • $8 SF/Yr
      4,500 SF

      Hayward Ave Baltimore Warehouse

      4,500 SF Warehouse, Renovated, Baltimore
      4128 Hayward Ave, Baltimore, MD 21215
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    • Contact for pricing
      129,152 SF

      Industrial Warehouse with Secured Storage

      129,152 SF warehouse with fenced, secured outdoor storage.
      4241 Brookhill Rd, Baltimore, MD 21215
      View Details
    • $10,000 /Mo
      20,000 SF

      20,000 SF Storage Space

      20,000 SF storage space with shared docks available for rent.
      4600 W Northern Pkwy, Baltimore, MD 21215
      View Details
    • Contact for pricing
      3,700 SF

      Industrial Warehouse Space Available

      3,700 SF warehouse space for rent in Baltimore, MD.
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      View Details
    • $16 SF/Yr
      80,000 SF

      Seton Business Park Office Space

      80,000 SF Flex/Office, Baltimore, MD
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    3006 Druid Park Dr
    Baltimore, MD 21215-7814
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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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