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    Property profile & analytics

    3500 Ash St Baltimore, MD 21211-2310

    • Warehouses
    • 6,000 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1900360
    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

    • The Crate Escape of Baltimore / Kennel & Boarding Facility
    • Scrub-A-Dub Dog / Pet Grooming Service

    Property Details for 3500 Ash St

    Year built
    1956
    Construction
    BRICK
    Lot size
    0.47 lot acres
    Property size
    6,000 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    13-03-3518A-011A
    APU
    13033518A011A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,048,000
      Market price range: $364k - $1.56M
      AI Estimate
      $456,000
      Market price range: $138k - $758k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $915,000
      Current use
      OFFICE BUILDING
      $1,230,000
      Change: +35% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $990,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $870,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $835,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6399
    Latitude
    39.3288
    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
    $10,559
    $0.00
    $0.00
    $447,433
    -
    $132,200
    $354,300
    $486,500

    Comparable in this City

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      $1,210,000
      12,006 SF

      400 26th St

      WAREHOUSE, STORAGE • 12,006 SF
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      View Details
    • Value Estimation by Request
      1,095 SF

      223 23rd St

      WAREHOUSE, STORAGE • 1,095 SF
      223 23rd St, Baltimore, MD 21211
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    • Value Estimation
      $560,000
      10,921 SF

      2103 Huntingdon Ave

      WAREHOUSE, STORAGE • 10,921 SF
      2103 Huntingdon Ave, Baltimore, MD 21211-3210
      View Details
    • Value Estimation
      $760,000
      10,192 SF

      2127 Huntingdon Ave

      WAREHOUSE, STORAGE • 10,192 SF
      2127 Huntingdon Ave, Baltimore, MD 21211-3210
      View Details
    • Value Estimation by Request
      3,928 SF

      3900 Cairnes Ln

      WAREHOUSE, STORAGE • 3,928 SF
      3900 Cairnes Ln, Baltimore, MD 21211
      View Details
    • Value Estimation by Request
      4,800 SF

      3335 Clipper Ml Rd

      WAREHOUSE, STORAGE • 4,800 SF
      3335 Clipper Ml Rd, Baltimore, MD 21211-2322
      View Details

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    • Contact for pricing
      18,162 SF

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      Office flex building with fenced yard and drive-in loading.
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    • $299,000
      1,000 SF

      Hampden Warehouse/Garage Space For Sale

      Warehouse/Garage space in the heart of Hampden, close to I-83.
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    • Contact for pricing
      5,000 SF

      Hampden Warehouse with Fenced Yard

      5,000 SF warehouse with fenced yard in Hampden.
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      4,000 SF

      Clipper Mill Warehouse For Sale

      4,000 SF building in Clipper Mill area for sale.
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      4,600 SF

      Baltimore City Industrial Site

      Industrial site for sale in Baltimore City with I-1 zoning.
      1620 W 41St St, Baltimore, MD 21211
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    • $1,600,000
      4,600 SF

      1620 w 41St St

      Industrial Property For Sale in Baltimore City
      1620 w 41St St, Baltimore, MD 21211
      View Details

    Similar Nearby for Lease

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      12,749 SF

      Industrial Warehouse Space Available

      7,132 SF warehouse space for lease in Baltimore, MD.
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    • $2,000 /Mo
      2,178 SF

      Renovated Storefront in Woodberry

      Double-wide, renovated storefront with customizable layout and basement storage.
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      1,883 SF

      Baltimore Office Space For Rent

      Office spaces available with on-site amenities and convenient location.
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      View Details
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      1,600 SF

      Freestanding Retail Building on Falls

      Freestanding retail building with high visibility on Falls Road.
      4531 Falls Rd, Baltimore, MD 21211
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    • Contact for pricing
      3,000 SF

      Available Office Space For Rent

      Office space available immediately for rent in Baltimore, MD.
      1600 W 41St St, Baltimore, MD 21211
      View Details
    • Contact for pricing
      2,961 SF

      Office Space in Baltimore

      Office space available for lease in Baltimore, Maryland.
      2031 Clipper Park Rd, Baltimore, MD 21211
      View Details
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    3500 Ash St
    Baltimore, MD 21211-2310
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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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