Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4128 Washington Blvd Halethorpe, MD 21227-4135
    Back to Search
    Property profile & analytics

    4128 Washington Blvd, Halethorpe, MD 21227-4135

    View on Map
    • Warehouses
    • 8,262 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US40-1265765
    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
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4128 Washington Blvd

    Year built
    1930
    Lot size
    1.03 lot acres
    Zone code
    BR
    Property type
    Warehouses
    APN
    13-1311350450
    APU
    131311350450

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 3, 2015 $465,000 A & O Properties LLC Spurgeon,roger L Grant Deed $472k · Alfredo & Oscar Argumedo
    Nov 20, 1997 — Roger L Spurgeon Zelma Spurgeon Spurgeon,roger L Quit Claim Deed · related —
    — — Roger L Spurgeon — Deed Of Trust · related $180k · Leeds Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $781,000
      Market price range: $501k - $2.15M
      AI Estimate
      $507,000
      Market price range: $223k - $1.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Halethorpe
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6807
    Latitude
    39.2411
    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
    $4,266
    $0.00
    $0.00
    $453,667
    -
    $309,000
    $154,000
    $463,000

    Comparable in this City

    • Value Estimation by Request
      1,960 SF

      3920 Glenrose Ave

      WAREHOUSE, STORAGE
      3920 Glenrose Ave, Halethorpe, MD 21227-2126
      View Details
    • Value Estimation
      $1,540,000
      24,000 SF

      Pistorio Rd

      WAREHOUSE, STORAGE
      Pistorio Rd, Halethorpe, MD 21227
      View Details
    • Value Estimation by Request
      1,935 SF

      3513 Washington Blvd

      WAREHOUSE, STORAGE
      3513 Washington Blvd, Baltimore, MD 21227-1625
      View Details
    • Value Estimation
      $1,245,000
      20,000 SF

      3605 Benson Ave

      WAREHOUSE, STORAGE
      3605 Benson Ave, Baltimore, MD 21227-1006
      View Details
    • Value Estimation by Request
      2,140 SF

      3635 Benson Ave

      WAREHOUSE, STORAGE
      3635 Benson Ave, Baltimore, MD 21227-1149
      View Details
    • Value Estimation by Request
      3,632 SF

      1600 Caton Ave

      WAREHOUSE, STORAGE
      1600 Caton Ave, Baltimore, MD 21227-1107
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Halethorpe Warehouse with Mezzanine Office

      Halethorpe warehouse with excellent access to major interstates.
      4665 Hollins Ferry Rd, Halethorpe, MD 21227
      View Details
    • Contact for pricing
      691,287 SF

      Halethorpe Industrial Building on 32 Acres

      691,287 SF industrial building with redevelopment potential in Halethorpe, MD.
      1954 Halethorpe Farms Rd, Halethorpe, MD 21227
      View Details
    • $2,099,999

      Turn-Key Funeral Home Opportunity

      Fully operational funeral home with strategic location and ample parking.
      4023 Annapolis Rd, Baltimore, MD 21227
      View Details
    • Contact for pricing
      0.23 Acres

      Land in Baltimore, MD

      Land available in Baltimore, MD, totaling 10,000 square feet.
      Maryland Ave, Baltimore, MD 21227
      View Details
    • $570,000
      3,374 SF

      Halethorpe Multifamily Investment Opportunity

      Four-unit property with long-term tenants and value-add potential.
      4606 Ridge Ave, Halethorpe, MD 21227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,500 SF

      Halethorpe Industrial Space for Lease

      9,500 SF industrial space with office and loading docks.
      4601 Hollins Ferry Rd, Halethorpe, MD 21227
      View Details
    • Contact for pricing
      44,400 SF

      Industrial Space with I-695 Visibility

      Industrial property with I-695 visibility and enterprise zone benefits.
      1901 Sulphur Spring Rd, Arbutus, MD 21227
      View Details
    • Contact for pricing

      Warehouse with Office and Accessibility

      Warehouse space featuring office, docks, ramp, and highway access.
      4716-4718 Benson Ave, Baltimore, MD 21227
      View Details
    • Contact for pricing
      6,000 SF

      Halethorpe Flex/Warehouse Space Available

      Flex/R&D and warehouse space with convenient highway access.
      1540 Caton Center Dr, Halethorpe, MD 21227
      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.
    4128 Washington Blvd
    Halethorpe, MD 21227-4135
    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
    4128 Washington Blvd, Halethorpe, MD, 21227
    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!