Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3250 Fayette St Baltimore, MD 21224-1437
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3250 Fayette St Baltimore, MD 21224-1437

    View on Map
    • Grocery and convenience stores
    • 20,618 SF
    • 1.95 lot acres
    Off-Market
    Property ID
    US40-0978289
    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
    $3,080,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 3250 Fayette St

    Year built
    1998
    Construction
    BRICK
    Lot size
    1.95 lot acres
    Property size
    20,618 SF
    Zone code
    C-3
    Property type
    Grocery and convenience stores
    APN
    26-19-1716B-003
    APU
    26191716B003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,135,000
      Market price range: $1.69M - $3.14M
      AI Estimate
      $3,028,000
      Market price range: $976k - $3.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,285,000
      Current use
      AUTO REPAIR, GARAGE
      $4,755,000
      Change: +108% Conversion: Difficult
      RESTAURANT
      $4,095,000
      Change: +79% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,775,000
      Change: +65% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,135,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,005,000
      Change: +31% Conversion: Easy
      MEDICAL BUILDING
      $2,995,000
      Change: +31% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5714
    Latitude
    39.2953
    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
    $54,924
    $0.00
    $0.00
    $2,327,267
    -
    $637,000
    $1,699,600
    $2,336,600

    Comparable in this City

    • Value Estimation by Request
      3,427 SF

      3700 Gough St

      GROCERY, SUPERMARKET • 3,427 SF
      3700 Gough St, Baltimore, MD 21224-2539
      View Details
    • Value Estimation
      $815,000
      2,930 SF

      1200 Ponca St

      CONVENIENCE STORE • 2,930 SF
      1200 Ponca St, Baltimore, MD 21224-5314
      View Details
    • Value Estimation
      $525,000
      1,430 SF

      6408 Eastern Ave

      CONVENIENCE STORE • 1,430 SF
      6408 Eastern Ave, Baltimore, MD 21224-2916
      View Details
    • Value Estimation
      $975,000
      5,025 SF

      6541 Eastern Ave

      CONVENIENCE STORE • 5,025 SF
      6541 Eastern Ave, Baltimore, MD 21224-2918
      View Details
    • Value Estimation by Request
      1,144 SF

      1111 Dundalk Ave

      CONVENIENCE STORE • 1,144 SF
      1111 Dundalk Ave, Baltimore, MD 21224-3020
      View Details
    • Value Estimation by Request
      2,924 SF

      3701 Fleet St

      CONVENIENCE STORE • 2,924 SF
      3701 Fleet St, Baltimore, MD 21224-4212
      View Details

    Similar Nearby for Sale

    • New
      $180,000
      0.03 Acres

      Turnkey Mixed-Use Commercial Opportunity

      Mixed-use property near Johns Hopkins Hospital with commercial and residential spaces.
      241 N Lakewood Ave, Baltimore, MD 21224
      View Details
    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S Highland Ave, Baltimore, MD 21224
      View Details
    • $1,500,000
      12,500 SF

      6600 Holabird Ave

      Commercial property for sale in Baltimore, MD
      6600 Holabird Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing
      3,500 SF

      Showroom with Flex Space Available

      4,000 SF showroom with 3,500 SF flex space.
      3909 Eastern Ave, Baltimore, MD 21224
      View Details
    • $450,000
      2,560 SF

      Turnkey Bar and Apartment Building

      Mixed-use property with bar, apartment, and liquor license.
      3301 Foster Ave, Baltimore, MD 21224
      View Details
    • $499,900
      0.13 Acres

      Established Auto Business For Sale

      Turnkey auto mechanic shop and car dealership opportunity in Baltimore.
      303 S Eaton St, Baltimore, MD 21224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,935 SF

      Baltimore Retail Space For Rent

      5,935 SF retail space available for lease.
      2700-2780 Lighthouse Pt E, Baltimore, MD 21224
      View Details
    • $7,200 /Mo
      52,708 SF

      Renovated Flex Space in Baltimore

      Stunning 4800 SF flex space in a redeveloped complex.
      1 N Hvn St Unit, Baltimore, MD 21224
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space on Boston Street

      Retail space with signage opportunity and high street visibility.
      2334-2350 Boston St, Baltimore, MD 21224
      View Details
    • Contact for pricing
      3,640 SF

      Highlandtown Retail Space Available

      Retail space in Baltimore's vibrant Highlandtown neighborhood.
      3907 Eastern Ave, Baltimore, MD 21224
      View Details
    • $1,550 /Mo

      Versatile Commercial Space in Baltimore

      Adaptable commercial space suitable for retail, office, or creative uses.
      3209 E Lombard St, Baltimore, MD 21224
      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.
    3250 Fayette St
    Baltimore, MD 21224-1437
    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.
    Sign Up Successful!
    You now have access to more from Realmo!