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

    5411 Old Frederick Rd Baltimore, MD 21229-2195

    • Office buildings
    • 24,530 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $4,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0096118
    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

    • Elite Healthcare Nursing Services Inc / Home Health Care Service
    • Scerba Michael T DDS / Dental Office
    • Our Fortress Homes Inc / Nursing Home / Retirement Community
    • STD Testing / Medical Clinic
    • Esperanza Ballenilla / Foster Care Service / Social Service Agency

    Property Details for 5411 Old Frederick Rd

    Year built
    1977
    Construction
    BRICK
    Lot size
    1.70 lot acres
    Property size
    24,530 SF
    Zone code
    RO
    Property type
    Office buildings
    APN
    01-1700008577
    APU
    11700008577

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,830,000
      6.5%
      $5,380,000
      7%
      $4,995,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,966,000
      Market price range: $2.80M - $8.43M
      AI Estimate
      $2,652,000
      Market price range: $1.41M - $5.57M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,035,000
      Current use
      AUTO REPAIR, GARAGE
      $5,660,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $5,580,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,490,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,045,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7185
    Latitude
    39.2883
    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
    $17,911
    $355,000
    $2,278,200
    $2,633,200
    -
    $355,000
    $2,278,200
    $2,633,200

    Comparable in this City

    • Value Estimation
      $1,530,000
      5,355 SF

      1101 Maiden Choice Ln

      OFFICE BUILDING • 5,355 SF
      1101 Maiden Choice Ln, Baltimore, MD 21229-5412
      View Details
    • Value Estimation by Request
      4,728 SF

      3147 Frederick Ave

      OFFICE BUILDING • 4,728 SF
      3147 Frederick Ave, Baltimore, MD 21229-3805
      View Details
    • Value Estimation by Request
      1,573 SF

      3532 Frederick Ave

      OFFICE BUILDING • 1,573 SF
      3532 Frederick Ave, Baltimore, MD 21229-3835
      View Details
    • Value Estimation by Request
      2,726 SF

      4216 Edmondson Ave

      OFFICE BUILDING • 2,726 SF
      4216 Edmondson Ave, Baltimore, MD 21229-1613
      View Details
    • Value Estimation
      $1,025,000
      4,332 SF

      4115 Wilkens Ave

      OFFICE BUILDING • 4,332 SF
      4115 Wilkens Ave, Baltimore, MD 21229-4733
      View Details
    • Value Estimation by Request
      1,152 SF

      4210 Leeds Ave

      OFFICE BUILDING • 1,152 SF
      4210 Leeds Ave, Baltimore, MD 21229-5421
      View Details

    Similar Nearby for Sale

    • $90,000

      Three-Story Row Home

      Three-story row home with open floor plan and unfinished basement.
      134 Palormo Ave, Baltimore, MD 21229
      View Details
    • $164,900

      Renovated Townhome with Special Financing

      Move-in ready, 3-bedroom townhome with central AC and fenced yard.
      74 S Kossuth St, Baltimore, MD 21229
      View Details
    • Contact for pricing
      60,000 SF

      Industrial Warehouse with Expansion Potential

      60,000 SF warehouse with land for future development.
      19 Parque Industrial Alamo, Baltimore, MD 21229
      View Details
    • $229,990

      Land For Sale Baltimore

      Land available for sale in Baltimore, Maryland.
      4546 Mountview Rd, Baltimore, MD 21229
      View Details
    • $428,000

      Baltimore Specialty Property For Sale

      Specialty property available for sale in Baltimore, Maryland.
      4406 Hooper Ave, Baltimore, MD 21229
      View Details
    • $159,000
      1,792 SF

      Charming Home with Spacious Layout

      3-bedroom home with natural light, near schools and transportation.
      829 Wedgewood Rd, Baltimore, MD 21229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,174 SF

      Prime Baltimore Medical Office Space

      Executive Suites, Medical & Traditional Offices Available
      1001 Pine Heights Ave, Baltimore, MD 21229
      View Details
    • Contact for pricing

      Edmondson Village Retail Pad Sites

      Retail pad sites available in redeveloped Baltimore shopping center.
      4538 Edmondson Ave, Baltimore, MD 21229
      View Details
    • $18 SF/Yr

      Renovated Retail and Apartment Building

      Totally renovated property with retail and residential spaces for rent.
      4101 Wilkens Ave, Baltimore, MD 21229
      View Details
    • $2,300 /Mo
      1,344 SF

      Furnished Rowhome Near Baltimore Attractions

      Fully furnished 3-bedroom rowhome with modern amenities and convenient location.
      3721 Wilkens Ave, Baltimore, MD 21229
      View Details
    • $1,750 /Mo

      Updated Townhome in Allendale

      Updated 3-bedroom townhome with modern kitchen and recent upgrades.
      116 Allendale St, Baltimore, MD 21229
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Baltimore, MD

      Retail space available for lease in Baltimore, Maryland.
      4610 Edmondson Ave, Baltimore, MD 21229
      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.
    5411 Old Frederick Rd
    Baltimore, MD 21229-2195
    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.