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    Property profile & analytics

    4526 Washington Blvd Halethorpe, MD 21227

    • Grocery and convenience stores
    • 1,200 SF
    • 0.18 lot acres
    For Sale
    View listing
    $329,900
    Last Sale
    Jan 31, 2020
    $147,000
    Value Estimations
    Cap Rate Potential
    9.3%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US40-1185777
    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

    • EXPRESS CDL TRAINING / Driving School

    Property Details for 4526 Washington Blvd

    Year built
    1955
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    1,200 SF
    Zone code
    BR
    Property type
    Grocery and convenience stores
    APN
    13-1311350453
    APU
    131311350453

    Description

    This 1200 square foot commercial property, located at 4526 Washington Boulevard in Halethorpe, Maryland, presents a unique opportunity for business owners seeking high visibility and convenient access. Situated on a 0.18-acre lot, the property benefits from its strategic location near both an office park and a residential area, ensuring a diverse customer base. The building has undergone recent renovations and upgrades, including a newly renovated and upgraded refrigeration system, making it ideal for a variety of businesses. Its prominent position offers excellent highway visibility, ensuring maximum exposure to potential customers. The property's proximity to major highways provides easy access for employees and clients alike. This is an exceptional opportunity for a franchise or other business seeking a well-maintained, highly visible location in a thriving area. The property's size and features make it suitable for a range of commercial uses. The asking price is $329,900. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $241,000
      Market price range: $68.4k - $282k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $165,000
      Current use
      AUTO REPAIR, GARAGE
      $275,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $245,000
      Change: +47% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $220,000
      Change: +31% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $190,000
      Change: +14% Conversion: Easy
      WAREHOUSE, STORAGE
      $185,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $175,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Halethorpe
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6872
    Latitude
    39.2349
    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
    $1,372
    $0.00
    $0.00
    $187,067
    -
    $158,000
    $36,400
    $194,400

    Comparable in this City

    • Value Estimation by Request
      3,122 SF

      1517 Caton Ave

      CONVENIENCE STORE • 3,122 SF
      1517 Caton Ave, Baltimore, MD 21227-1014
      View Details
    • Value Estimation
      $1,100,000
      1,840 SF

      1319 Linden Ave

      CONVENIENCE STORE • 1,840 SF
      1319 Linden Ave, Halethorpe, MD 21227-2405
      View Details
    • Value Estimation by Request
      1,168 SF

      5301 Ee Dr

      CONVENIENCE STORE • 1,168 SF
      5301 Ee Dr, Arbutus, MD 21227-2602
      View Details
    • Value Estimation by Request
      2,760 SF

      4384 Hollins Fry Rd

      CONVENIENCE STORE • 2,760 SF
      4384 Hollins Fry Rd, Baltimore, MD 21227-3445
      View Details
    • Value Estimation by Request
      2,715 SF

      4315 Annapolis Rd

      CONVENIENCE STORE • 2,715 SF
      4315 Annapolis Rd, Baltimore, MD 21227-3621
      View Details
    • Value Estimation
      $5,685,000
      19,860 SF

      5101 Ee Dr

      GROCERY, SUPERMARKET • 19,860 SF
      5101 Ee Dr, Halethorpe, MD 21227-2401
      View Details

    Similar Nearby for Sale

    • $329,900

      Retail Property Near Office Park

      Retail property with highway visibility, near office and residential areas.
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    • New
      $469,000
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      Renovated Mixed-Use Building with Garage

      Renovated mixed-use property with office space and rentable garage.
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      Halethorpe Commercial Property - High Visibility

      Prime Redevelopment Opportunity: 9,506 SF, 1.47 Acres
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      Halethorpe Multifamily Investment Opportunity

      Four-unit property with long-term tenants and value-add potential.
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      Turn-Key Funeral Home Opportunity

      Fully operational funeral home with strategic location and ample parking.
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      Three-unit home with spacious backyard, deck, and ample parking.
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    Similar Nearby for Lease

    • $1,800 /Mo

      Retail Space with Street Presence

      Commercial/retail space ready for a new lease and customization.
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      View Details
    • Contact for pricing
      15,335 SF

      Halethorpe Retail Space Available

      Retail space available for lease in Halethorpe, Maryland.
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      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Baltimore Center

      Retail space available in high-visibility Baltimore shopping center.
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      2,000 SF

      Pikesville Bank Branch with Drive-Thru

      2,000± SF bank branch in prime Pikesville location.
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      30,000 SF

      Arbutus Station Executive Office Space

      Halethorpe, MD: Prime Office Opportunity
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      View Details
    • $18 SF/Yr
      277,913 SF

      Baltimore Automotive/Retail Prime Location

      Prime location for auto services at Annapolis Road intersection.
      3400 Annapolis Rd, Baltimore, MD 21227
      View Details
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    4526 Washington Blvd
    Halethorpe, MD 21227
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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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