Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3600 Hickory Ave Baltimore, MD 21211-1807
    Back to Search
    Property profile & analytics

    3600 Hickory Ave Baltimore, MD 21211-1807

    View on Map
    • Turn key restaurants
    • 9,226 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US40-1346752
    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
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3600 Hickory Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    9,226 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    13-02-3540 -001D
    APU
    13023540001D

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,101,000
      Market price range: $878k - $3.53M
      AI Estimate
      $679,000
      Market price range: $680k - $1.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6341
    Latitude
    39.3313
    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
    $18,272
    $0.00
    $0.00
    $774,233
    -
    $77,000
    $705,300
    $782,300

    Comparable in this City

    • Value Estimation
      $1,285,000
      14,000 SF

      911 36th St

      RESTAURANT • 14,000 SF
      911 36th St, Baltimore, MD 21211-2445
      View Details
    • Value Estimation
      $650,000
      6,690 SF

      919 36th St

      RESTAURANT • 6,690 SF
      919 36th St, Baltimore, MD 21211-2414
      View Details
    • Value Estimation by Request
      5,920 SF

      3535 Chestnut Ave

      RESTAURANT • 5,920 SF
      3535 Chestnut Ave, Baltimore, MD 21211-2520
      View Details
    • Value Estimation
      $2,000,000
      7,500 SF

      901 36th St

      RESTAURANT • 7,500 SF
      901 36th St, Baltimore, MD 21211-2414
      View Details
    • Value Estimation by Request
      1,832 SF

      227 29th St

      RESTAURANT • 1,832 SF
      227 29th St, Baltimore, MD 21211-2905
      View Details
    • Value Estimation
      $545,000
      6,408 SF

      908 36th St

      RESTAURANT • 6,408 SF
      908 36th St, Baltimore, MD 21211-2483
      View Details

    Similar Nearby for Sale

    • $1,050,000
      4,200 SF

      Turnkey Bar and Restaurant Opportunity

      Two-level corner bar and restaurant with a tavern license.
      300 W 30Th St, Baltimore, MD 21211
      View Details
    • Contact for pricing

      Restaurant Space in Clipper Mill

      6,000 SF restaurant space with license and parking.
      1518-1520 Clipper Rd, Baltimore, MD 21211
      View Details
    • Contact for pricing

      Iconic Theater Space on Hampden

      Historic theater space suitable for entertainment venue or restaurant.
      903-905 W 36Th St, Baltimore, MD 21211
      View Details
    • $575,000
      2,136 SF

      Retail Space in Baltimore City

      Retail property for sale in downtown Baltimore City.
      2801 Huntingdon Ave, Baltimore, MD 21211
      View Details
    • $575,000
      2,136 SF

      Remington Retail Space For Sale

      Retail space for sale in the Remington neighborhood.
      2745 Huntingdon Ave, Baltimore, MD 21211
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      3,200 SF

      Turnkey Restaurant Opportunity For Rent

      Restaurant space for rent with liquor license and equipment.
      1101 W 36Th St, Baltimore, MD 21211
      View Details
    • Contact for pricing

      Hampden Retail Space on "The Avenue"

      Prime retail location in Baltimore's Hampden neighborhood.
      914 W 36Th St, Baltimore, MD 21211
      View Details
    • $2,000 /Mo

      Renovated Storefront in Woodberry

      Double-wide storefront with customizable layout and basement storage.
      3600 Malden Ave, Baltimore, MD 21211
      View Details
    • Contact for pricing
      1,031 SF

      Retail Space in Remington, Baltimore

      Retail space in a thriving Baltimore community, new food destination.
      2811 Sisson St, Baltimore, MD 21211
      View Details
    • Contact for pricing

      Equipped Commercial Kitchen in Hampden

      Fully equipped commercial kitchen in vibrant Hampden neighborhood.
      3451 Falls Rd, Baltimore, MD 21211
      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.
    3600 Hickory Ave
    Baltimore, MD 21211-1807
    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

    Thank You for Inquiry
    3600 Hickory Ave, Baltimore, MD, 21211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!