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518 Baltimore St Taneytown, MD 21787-2402

OFF-MARKET Medical Office Space Google Maps
3,072 SF 0.65 ac lot Built 1900
Entity Owned 23-yr Hold ~ Est. High Equity
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US40-0958830

Property summary

AI-generated overview

This mixed-use property at 518 E Baltimore Street, Taneytown, MD, presents a compelling investment opportunity. The building encompasses 4,192 square feet on a 0.65-acre lot. The first floor is currently leased through 2025, providing immediate and consistent rental income. The second floor, totaling 784 square feet, is currently vacant and offers significant upside potential. This space is divisible into five separate suites, allowing for flexible leasing options to a variety of tenants. The entire second floor is available for lease. The property's strategic location in Taneytown, MD, offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $850,000, representing a strong value proposition in the current market. This property is ideal for investors seeking a blend of immediate income and future growth potential. The existing lease on the first floor provides financial stability, while the vacant second floor presents an opportunity to increase rental income and build long-term equity. The flexible layout of the second floor allows for customization to meet the needs of various tenants, maximizing rental income and occupancy rates. This is a rare opportunity to acquire a well-located, mixed-use property with significant upside potential in a thriving community.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1900
Total area 3,072 SF
Lot 0.65 ac (28,374 SF)
Zoning code GENER
APN 01-015419
UPID US40-0958830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2002
2 recorded transactions
2002
$236,000
1969
Price N/A

Zoning & alternative use

GENER · Taneytown, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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