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

    511 Preston St Baltimore, MD 21202

    • Distribution properties
    • 1,869 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2022
    $375,000
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1487966
    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

    • Distribution properties

    Property Details for 511 Preston St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    1,869 SF
    Zone code
    C-1
    Property type
    Distribution properties
    APN
    10-04-1154 -017
    APU
    10041154017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $365,000

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $300,000
      Current use
      AUTO REPAIR, GARAGE
      $430,000
      Change: +45% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $340,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $310,000
      Change: +3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $285,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $270,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6086
    Latitude
    39.3047
    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
    $843
    $0.00
    $0.00
    $35,700
    -
    $9,600
    $28,900
    $38,500

    Comparable in this City

    • Value Estimation by Request
      9,045 SF

      1840 Aisquith St

      COM AUTO TRANS/STORAGE • 9,045 SF
      1840 Aisquith St, Baltimore, MD 21202-5819
      View Details
    • Value Estimation
      $225,000
      2,462 SF

      904 Watson St

      COM AUTO TRANS/STORAGE • 2,462 SF
      904 Watson St, Baltimore, MD 21202-4624
      View Details
    • Value Estimation
      $270,000
      1,228 SF

      231 Slemmers Aly

      COM AUTO TRANS/STORAGE • 1,228 SF
      231 Slemmers Aly, Baltimore, MD 21202
      View Details
    • Value Estimation
      $495,000
      435 SF

      225 Slemmers Aly

      COM AUTO TRANS/STORAGE • 435 SF
      225 Slemmers Aly, Baltimore, MD 21202
      View Details
    • Value Estimation
      $260,000
      500 SF

      1003 Allen Aly

      COM AUTO TRANS/STORAGE • 500 SF
      1003 Allen Aly, Baltimore, MD 21202
      View Details
    • Value Estimation
      $255,000
      450 SF

      221 Slemmers Aly

      COM AUTO TRANS/STORAGE • 450 SF
      221 Slemmers Aly, Baltimore, MD 21202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,000 SF

      Prime Baltimore Industrial Loft

      14,000 SF Flex/Warehouse, Redevelopment Opportunity
      1218 Central Ave, Baltimore, MD 21202
      View Details
    • $2,095,000
      24,790 SF

      Flex Property with Fenced Parking

      24,790 SF flex property with fenced parking in Baltimore.
      1120 Watson St, Baltimore, MD 21202
      View Details
    • $699,999
      37,000 SF

      Monument St. Redevelopment Opportunity

      Prime Baltimore location, 37,000 SF, mixed-use potential.
      926 Monument St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      50,888 SF

      Baltimore Industrial Redevelopment Opportunity

      50,888 SF industrial property in Baltimore, Maryland for sale.
      700-708 E Monument St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      54,000 SF

      Baltimore Multi-Tenant Industrial Complex

      54,000 SF multi-tenant industrial complex in Baltimore, Maryland.
      407-439 E Preston St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      14,000 SF

      Industrial Loft Building For Sale

      14,000 SF industrial loft building with drive-in access.
      1218 N Central Ave, Baltimore, MD 21202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,342 SF

      Baltimore Warehouse Near I-95

      Industrial/warehouse space in Baltimore, close to I-95 and amenities.
      6801 Eastern Ave, Baltimore, MD 21202
      View Details
    • Contact for pricing
      18,100 SF

      Former Capitol Theater in Baltimore

      18,000 SF former theater available for sale/lease in Baltimore.
      1518-1528 W Baltimore St, Baltimore, MD 21202
      View Details
    • $1,200 /Mo
      1,307 SF

      Mount Vernon Office Space Available

      Main level office space with parking in Mount Vernon.
      218 E Chase St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      7,223 SF

      Medical Office Near Johns Hopkins

      Medical office space for rent near Johns Hopkins Bayview.
      5521 Eastern Ave, Baltimore, MD 21202
      View Details
    • $37 SF/Yr
      21,495 SF

      Office Space for Rent

      Office space available with various amenities in Baltimore, MD.
      1001 Fleet St, Baltimore, MD 21202
      View Details
    • $1,950 /Mo
      1,300 SF

      Historical Office Space in Baltimore

      Prime location office space with private entrances and storage.
      101 President St, Baltimore, MD 21202
      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.
    511 Preston St
    Baltimore, MD 21202
    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.