Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    448 E Baltimore St Taneytown, MD 21787

    • Office buildings
    • 1,808 SF
    • 0.23 lot acres
    For Sale
    View listing
    $99,997
    Last Sale
    Jun 08, 2022
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1444592
    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

    • Belisimo's / Italian Restaurant

    Property Details for 448 E Baltimore St

    Year built
    1924
    Construction
    BRICK
    Lot size
    0.23 lot acres
    Property size
    1,808 SF
    Zone code
    RESTI
    Property type
    Office buildings
    APN
    01-037714
    APU
    1037714

    Description

    This exceptional commercial property presents a unique opportunity for businesses seeking a high-traffic location in Taneytown, Maryland. The 0.32-acre parcel is situated on heavily trafficked Route 140, ensuring excellent visibility and accessibility for customers. Currently unimproved, this land offers a blank canvas for development, allowing businesses to tailor the space to their specific needs. The property is zoned General Business District, providing flexibility for a variety of commercial uses. The tax ID is 0701016822. This is a lease opportunity with a minimum lease term of three years. The property's prime location and zoning make it an attractive investment for businesses looking to establish a strong presence in a thriving community. Its high visibility on Route 140 guarantees significant exposure to a large volume of daily traffic. The unimproved nature of the land allows for complete customization, enabling businesses to create a space perfectly suited to their operations. Serious inquiries are encouraged to explore the potential of this exceptional commercial land lease. The property's strategic location and zoning regulations offer a compelling proposition for long-term growth and success. This is an excellent opportunity to secure a prominent location in a dynamic commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Taneytown
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1622
    Latitude
    39.6511
    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
    $3,135
    $120,000
    $89,000
    $209,000
    -
    $120,000
    $89,000
    $209,000

    Comparable in this City

    • Value Estimation
      $1,600,000
      9,178 SF

      5130 Allendale Ln

      OFFICE BUILDING • 9,178 SF
      5130 Allendale Ln, Taneytown, MD 21787-2104
      View Details
    • Value Estimation by Request
      1,965 SF

      4235 Old Taneytown Rd

      OFFICE BUILDING • 1,965 SF
      4235 Old Taneytown Rd, Taneytown, MD 21787
      View Details
    • Value Estimation by Request
      2,354 SF

      24 Baltimore St

      OFFICE BUILDING • 2,354 SF
      24 Baltimore St, Taneytown, MD 21787-2108
      View Details
    • Value Estimation by Request
      1,423 SF

      443 Baltimore St

      OFFICE BUILDING • 1,423 SF
      443 Baltimore St, Taneytown, MD 21787-2364
      View Details
    • Value Estimation by Request
      3,752 SF

      17 Baltimore St

      OFFICE BUILDING • 3,752 SF
      17 Baltimore St, Taneytown, MD 21787-2107
      View Details
    • Value Estimation by Request
      1,732 SF

      2325 Feeser N Rd

      OFFICE BUILDING • 1,732 SF
      2325 Feeser N Rd, Taneytown, MD 21787-2713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Taneytown Office Space For Lease

      Versatile Office Space - Ideal for Medical Use
      72 Fredrick, Taneytown, MD 21787
      View Details
    • Contact for pricing
      4.81 Acres

      Taneytown Office Building - 4.81 Acres

      Nine-office suite, all utilities included. Excellent location.
      2325 Feeser Rd, Taneytown, MD 21787
      View Details
    • $1,500,000

      Taneytown Agricultural Property For Sale

      Agricultural property available in Taneytown, Maryland.
      4252 N Stone Rd, Taneytown, MD 21787
      View Details
    • $550,000

      Specialty Property for Sale

      Specialty property available for sale.
      4010 Fringer Rd, Taneytown, MD 21787
      View Details
    • $450,000

      Planetree Drive Specialty Property

      Specialty property available for sale on Planetree Drive.
      27 Planetree Dr, Taneytown, MD 21787
      View Details
    • $950,000

      Specialty Property in Taneytown, MD

      Specialty property available for sale in Taneytown, Maryland.
      4703 Babylon Rd, Taneytown, MD 21787
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Commercial Lot for Rent

      0.33 acre commercial lot, ideal for parking.
      47 Westview Dr, Taneytown, MD 21787
      View Details
    • $9 SF/Yr
      90,703 SF

      Taneytown Retail Center Investment

      Grocery-anchored retail center in MD
      520 Baltimore St, Taneytown, MD 21787
      View Details
    • Contact for pricing
      2,280 SF

      Taneytown Repair Shop For Rent

      2,280 SF repair shop with high visibility location.
      529 E Baltimore St, Taneytown, MD 21787
      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.
    448 E Baltimore St
    Taneytown, MD 21787
    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.