Add Listing
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

    500 Glenwood Ave Baltimore, MD 21212-4230

    • Auto shops
    • 3,504 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Feb 10, 2023
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1375766
    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

    • Redd Auto LLC / Auto Repair Shop

    Property Details for 500 Glenwood Ave

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Property size
    3,504 SF
    Zone code
    OR-1
    Property type
    Auto shops
    APN
    27-50-5158 -001
    APU
    27505158001

    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
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6093
    Latitude
    39.3543
    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
    $1,558
    $38,300
    $27,700
    $66,000
    -
    $38,300
    $27,700
    $66,000

    Comparable in this City

    • Value Estimation
      $725,000
      9,400 SF

      4410 York Rd

      AUTO REPAIR, GARAGE • 9,400 SF
      4410 York Rd, Baltimore, MD 21212-4819
      View Details
    • Value Estimation by Request
      1,260 SF

      4501 York Rd

      AUTO REPAIR, GARAGE • 1,260 SF
      4501 York Rd, Baltimore, MD 21212-4828
      View Details
    • Value Estimation by Request
      3,754 SF

      402 Benninghaus Rd

      AUTO REPAIR, GARAGE • 3,754 SF
      402 Benninghaus Rd, Baltimore, MD 21212-3510
      View Details
    • Value Estimation by Request
      1,021 SF

      4420 York Rd

      AUTO REPAIR, GARAGE • 1,021 SF
      4420 York Rd, Baltimore, MD 21212-4819
      View Details
    • Value Estimation
      $555,000
      1,740 SF

      7217 York Rd

      AUTO REPAIR, GARAGE • 1,740 SF
      7217 York Rd, Baltimore, MD 21212-1528
      View Details
    • Value Estimation
      $550,000
      1,716 SF

      5700 York Rd

      AUTO REPAIR, GARAGE • 1,716 SF
      5700 York Rd, Baltimore, MD 21212-3605
      View Details

    Similar Nearby for Sale

    • $225,000
      1,800 SF

      Mixed-Use Building on York Road

      Mixed-use commercial building with retail and residential income potential.
      5307 York Rd, Baltimore, MD 21212
      View Details
    • $335,000
      1,200 SF

      Mixed-Use Property in Baltimore, MD

      Income-producing mixed-use property with commercial space and residential units.
      4652 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing
      17,100 SF

      Mixed-Use Property with Income Potential

      27-unit mixed-use property with retail, office, and signage.
      5900 York Rd, Baltimore, MD 21212
      View Details
    • $225,000

      Mixed-Use Building on York Road

      Mixed-use building with retail and residential units in Baltimore.
      5307 York Rd, Baltimore, MD 21212
      View Details
    • $2,445,000

      York Road Retail Investment

      27-Unit Mixed-Use, High Cap Rate
      5900 York Rd, Baltimore, MD 21212
      View Details
    • $299,900
      2,232 SF

      Rehabbed Multi-Unit Property on York

      Cash-flowing, three-unit property with commercial space and residential units.
      4602 York Rd, Baltimore, MD 21212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Baltimore, Maryland.
      6401 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing

      Historic Riverside Retail and Office

      Retail and office spaces in Baltimore's expanding Riverside neighborhood.
      1900 Light St, Baltimore, MD 21212
      View Details
    • Contact for pricing
      6,136 SF

      Brewery and Taphouse in Baltimore

      6,136 SF fully built-out brewery operation and taphouse for rent.
      5604 York Rd, Baltimore, MD 21212
      View Details
    • $1,600 /Mo

      Mixed-Use Building on High-Traffic Road

      Mixed-use building with retail space and residential apartment for rent.
      5307 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing

      York Road Commercial Space Available

      Commercial space suitable for various uses on York Road.
      6603 York Rd, Baltimore, MD 21212
      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.
    500 Glenwood Ave
    Baltimore, MD 21212-4230
    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.
    Sign Up Successful!
    You now have access to more from Realmo!