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

    508 Washington Blvd Baltimore, MD 21230-2209

    • Bars
    • 1,400 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0727863
    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

    • Christina Abdulghani / Association Or Organization / Restaurant

    Property Details for 508 Washington Blvd

    Lot size
    0.01 lot acres
    Property size
    1,400 SF
    Zone code
    C-5DC
    Property type
    Bars
    Property subtype
    Pubs
    APN
    22-03-0677 -024
    APU
    22030677024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $332,000
      Market price range: $133k - $535k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $320,000
      Current use
      AUTO REPAIR, GARAGE
      $325,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $290,000
      Change: -10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6227
    Latitude
    39.2856
    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
    $4,857
    $55,200
    $150,600
    $205,800
    -
    $55,200
    $150,600
    $205,800

    Comparable in this City

    • Value Estimation
      $590,000
      2,460 SF

      701 Ft Ave

      BAR, TAVERN • 2,460 SF
      701 Ft Ave, Baltimore, MD 21230-4781
      View Details
    • Value Estimation
      $440,000
      3,737 SF

      912 Washington Blvd

      BAR, TAVERN • 3,737 SF
      912 Washington Blvd, Baltimore, MD 21230-2318
      View Details
    • Value Estimation
      $245,000
      2,576 SF

      1367 Andre St

      BAR, TAVERN • 2,576 SF
      1367 Andre St, Baltimore, MD 21230-5303
      View Details
    • Value Estimation
      $285,000
      672 SF

      23 Cross St

      BAR, TAVERN • 672 SF
      23 Cross St, Baltimore, MD 21230-4003
      View Details
    • Value Estimation
      $280,000
      3,796 SF

      1173 Hamburg St

      BAR, TAVERN • 3,796 SF
      1173 Hamburg St, Baltimore, MD 21230-1910
      View Details
    • Value Estimation
      $280,000
      1,998 SF

      20 Cross St

      BAR, TAVERN • 1,998 SF
      20 Cross St, Baltimore, MD 21230-4036
      View Details

    Similar Nearby for Sale

    • $999,000
      5,800 SF

      Federal Hill Mixed-Use Property

      Mixed-use property in Federal Hill with liquor license.
      1741 Light St, Baltimore, MD 21230
      View Details
    • $895,000
      2,650 SF

      Federal Hill Restaurant/Tavern Opportunity

      Two-story restaurant/tavern with license and outdoor seating potential.
      1041 Marshall St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      43,740 SF

      Baltimore Industrial/Retail Building For Sale

      43,740 SF industrial/retail building in Carroll Camden Industrial Area.
      1900 Bayard St, Baltimore, MD 21230
      View Details
    • $1,195,000
      3,168 SF

      1415 Washington Blvd

      Retail property for sale in Baltimore, MD
      1415 Washington Blvd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      3,801 SF

      Restaurant Space For Sale/Lease

      Restaurant space available for sale or lease near I-95.
      900 E Fort Ave, Baltimore, MD 21230
      View Details
    • $1,175,000
      5,247 SF

      Federal Hill Mixed-Use Investment

      Prime Baltimore location, high potential.
      1135 Light St, Baltimore, MD 21230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,569 SF

      Purpose-Built Food Facility For Lease

      8,300 SF food facility with restaurant, cafe, and kitchen.
      925 Washington Blvd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      100,403 SF

      Baltimore Peninsula Retail Space

      Prime Baltimore retail & restaurant space available.
      101 Dickman St, Baltimore, MD 21230
      View Details
    • Contact for pricing
      3,816 SF

      Federal Hill Restaurant Space Available

      3,816 SF restaurant space in the heart of Federal Hill.
      1024-1030 Light St, Baltimore, MD 21230
      View Details
    • $1,950 /Mo
      1,742 SF

      Pigtown Restaurant/Deli Space For Lease

      Equipped restaurant/deli space in high-traffic Pigtown location.
      813 Washington Blvd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      2,392 SF

      Restaurant with Drive-Thru in Elkridge

      2,392 SF restaurant with drive-thru on 0.83 acres.
      6241 Washington Blvd, Elkridge, MD 21230
      View Details
    • $3,500 /Mo

      Pigtown Commercial Space For Rent

      3,000 sq ft commercial space ideal for restaurant.
      803 Washington Blvd, Baltimore, MD 21230
      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.
    508 Washington Blvd
    Baltimore, MD 21230-2209
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.