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5301 Belair Rd Baltimore, MD 21206-5109

OFF-MARKET Retail space Google Maps
13,260 SF 0.84 ac lot
Entity Owned 11-yr Hold Free & Clear
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US40-0850944

Property summary

AI-generated overview

This exceptional 4,834 square foot industrial property, situated on a 0.34-acre lot, presents a unique investment opportunity. The building, constructed in 1960, offers a flexible layout suitable for warehouse, flex, manufacturing, or distribution uses. The single-tenant space is entirely vacant and ready for immediate occupancy. Features include an impressive 18-foot ceiling height, providing ample vertical storage capacity. Convenient access is ensured with one drive-in door and four parking spaces. The property is zoned C-2, allowing for a variety of commercial uses. Its strategic location offers unparalleled connectivity, being less than two miles from major highways including I-95, I-895, and Route 40 (Pulaski Highway), and only 3.5 miles from I-695. This prime location provides easy access to regional transportation networks, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities. The property's versatility, combined with its convenient location and ample space, makes it an attractive option for a wide range of industrial operations. The asking rent is $2,000 per month.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Construction BRICK
Total area 13,260 SF
Lot 0.84 ac (36,678 SF)
Zoning code C-2
APN 26-21-5985 -003
UPID US40-0850944

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
  • Restaurant
  • Big Box & Wholesale Store Distribution Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$420k

Owner & transaction history

since 2015
1 recorded transaction
2015
$780,000

Zoning & alternative use

C-2 · Baltimore, MD
Zoning description

01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $2.0M +9.2%
Medical building $1.9M +4.3%

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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