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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5206 Belair Rd Baltimore, MD 21206-5107

    • Investment properties
    • 1,530 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2025
    $55,000
    Value Estimations
    $55,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0196003
    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

    • Investment properties

    Property Details for 5206 Belair Rd

    Year built
    1928
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property size
    1,530 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    27-02-5827 -003D
    APU
    27025827003D

    Description

    This 1,530-square-foot vacant storefront, located at 5206 Belair Road in Baltimore, MD 21206, presents a compelling redevelopment opportunity. The property, a two-story end-unit townhouse shell, sits on a 2,497-square-foot lot and boasts a C-1 zoning designation. Built in 1928, this Class D retail space offers significant potential for renovation and repurposing. Currently vacant, the property is a fee simple ownership and is sold free and clear of all liens. Its convenient location near Morgan State University, Herring Run Park, and Parkside Shopping Center, coupled with easy access to Belair Road, a major traffic artery, makes it an attractive investment. The property requires renovations and repairs, reflecting its asking price of $35,000. Annual real estate taxes are $1,432.52. While the property is being offered at auction (Auction ID: A-000011076, beginning November 15th), pre-auction offers are not being accepted. Prospective buyers are responsible for independently verifying all zoning, permits, licenses, and usage information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $55,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5532
    Latitude
    39.3374
    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
    $1,285
    $0.00
    $0.00
    $54,467
    -
    $24,900
    $35,800
    $60,700

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      5426 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,840 SF
      5426 Belair Rd, Baltimore, MD 21206-4208
      View Details
    • Value Estimation
      $265,000
      1,530 SF

      5202 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,530 SF
      5202 Belair Rd, Baltimore, MD 21206-5107
      View Details
    • Value Estimation
      $170,000
      1,370 SF

      5852 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,370 SF
      5852 Belair Rd, Baltimore, MD 21206-2611
      View Details
    • Value Estimation
      $265,000
      1,536 SF

      4503 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,536 SF
      4503 Belair Rd, Baltimore, MD 21206-6338
      View Details
    • Value Estimation
      $275,000
      1,950 SF

      6126 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,950 SF
      6126 Belair Rd, Baltimore, MD 21206-1927
      View Details
    • Value Estimation by Request
      2,933 SF

      6901 Belair Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,933 SF
      6901 Belair Rd, Baltimore, MD 21206-1123
      View Details

    Similar Nearby for Sale

    • $375,000
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      Mixed-Use Property on Belair Road

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      Belair Road Mixed-Use Investment

      Baltimore Commercial Property: High Visibility
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      Belair Road Restaurant & Bar

      Established Baltimore eatery, huge potential!
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      Land Parcel in Frankford Neighborhood

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    Similar Nearby for Lease

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      4,080 SF

      Sinclair Plaza: Baltimore Retail Space

      Prime Baltimore retail space, multiple suites available.
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      Belair Road Standalone Office Building

      Standalone office building with 13 offices for rent.
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      Second Floor Office Space

      Commercial-zoned office space with kitchen and bathroom available for rent.
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    • Contact for pricing
      5,600 SF

      Retail Space Near Interstate Access

      Retail spaces available near major interstates with high traffic volume.
      5418-5432 Sinclair Ln, Baltimore, MD 21206
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    • $450 /Mo

      Versatile Commercial Space in Baltimore

      Small office/storefront near 695, utilities included.
      5138 Belair Rd, Baltimore, MD 21206
      View Details
    • $450 /Mo

      Renovated Office Space Available

      Professional office space for rent in renovated building.
      4920 Belair Rd, Baltimore, MD 21206
      View Details
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    Baltimore, MD 21206-5107
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    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
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