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    Property profile & analytics

    511 Delaware Ave Baltimore, MD 21221-6867

    • Bars
    • 1,526 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US40-0309216
    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

    • LEXINGTON Church of God / Church

    Property Details for 511 Delaware Ave

    Year built
    2004
    Lot size
    0.12 lot acres
    Property size
    1,526 SF
    Zone code
    BMCT
    Property type
    Bars
    Property subtype
    Pubs
    APN
    09-0923750680
    APU
    90923750680

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $300,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $340,000
      Mixed-Use
      $370,000
      Hospitality
      $345,000
      Educational
      $315,000
      Residential Income
      $355,000
      Energy
      $295,000
      Income-Based Land
      $340,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6014
    Latitude
    39.401
    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
    $6,163
    $382,500
    $151,400
    $533,900
    -
    $382,500
    $151,400
    $533,900

    Comparable in this City

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      749 Sue Grv Rd

      BAR, TAVERN • 864 SF
      749 Sue Grv Rd, Baltimore, MD 21221-1820
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    • Value Estimation
      $250,000
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      1220 Homberg Ave

      BAR, TAVERN • 4,105 SF
      1220 Homberg Ave, Baltimore, MD 21221-3745
      View Details
    • Value Estimation
      $290,000
      4,910 SF

      409 Eastern Blvd

      BAR, TAVERN • 4,910 SF
      409 Eastern Blvd, Essex, MD 21221-6715
      View Details
    • Value Estimation
      $225,000
      4,000 SF

      200 Eastern Blvd

      BAR, TAVERN • 4,000 SF
      200 Eastern Blvd, Baltimore, MD 21221-6903
      View Details
    • Value Estimation
      $660,000
      2,680 SF

      1006 Back Riv Nck Rd

      BAR, TAVERN • 2,680 SF
      1006 Back Riv Nck Rd, Essex, MD 21221-6325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Turn-Key Liquor Store and Bar

      3,500 SF building with liquor license and parking.
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    • $80,000
      1,250 SF

      Essex Restaurant - $80K

      Established Chinese eatery, strong profits.
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      Redevelopment opportunity on Eastern Avenue, Baltimore. Sold As-Is.
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      Versatile Retail Building, Vacant Possession
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    • $899,999
      9,668 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property with income potential, featuring residential and retail spaces.
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    • Contact for pricing
      0.46 Acres

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    Similar Nearby for Lease

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      Bar/Lounge Space in Charles Village

      Second generation bar/lounge space with on-site parking available for lease.
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      Retail Space Near MVA

      Retail space available for lease near high-traffic MVA.
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    • Contact for pricing
      13,126 SF

      Essex Retail Space - 13,000 SF

      High-visibility retail space in prime Essex location.
      1600 Eastern Blvd, Essex, MD 21221
      View Details
    • Contact for pricing

      Retail Space in Waterview Center

      Retail space available in a busy shopping center.
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    • Contact for pricing

      Retail Space in Waterview Center

      Retail space available in a busy shopping center.
      107 Orville Rd, Essex, MD 21221
      View Details
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    511 Delaware Ave
    Baltimore, MD 21221-6867
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    Realmo Value Estimation

    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.

    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.

    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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