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

    5535 Harford Rd Baltimore, MD 21214-2233

    • Office buildings
    • 2,100 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2025
    $465,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0787784
    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

    • Dr. Sumesh Thomas / Physical Therapist / Practitioner Service Location
    • Stanford Zinn / Physical Therapist
    • Hamilton Physical Therapy / Physical Therapist / Massage Therapist

    Property Details for 5535 Harford Rd

    Construction
    BRICK
    Lot size
    0.20 lot acres
    Property size
    2,100 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    27-03-5773 -023
    APU
    27035773023

    Description

    This 2,100 square foot commercial building at 5535 Harford Road in Baltimore, Maryland, is for sale. The property is zoned C-1 and offers 14 off-street parking spaces. Situated in the heart of the Hamilton Business District, this owner-user opportunity boasts 60 feet of frontage on Harford Road. Its convenient location is near the expanding Morgan State University. The building is ideal for a variety of uses, including medical offices, retail, or general office space. Key features include a recently installed new roof and a second-floor space. The building's 2,100 square feet provide ample room for a variety of business needs. With its prime location, ample parking, and versatile zoning, this property presents a strong investment opportunity. The address is 5535 Harford Road, Baltimore, MD 21214.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5606
    Latitude
    39.3528
    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
    $6,931
    $0.00
    $0.00
    $293,700
    -
    $103,000
    $216,800
    $319,800

    Comparable in this City

    • Value Estimation
      $1,615,000
      5,490 SF

      3003 Montebello Ter

      OFFICE BUILDING • 5,490 SF
      3003 Montebello Ter, Baltimore, MD 21214-3311
      View Details
    • Value Estimation
      $1,000,000
      10,930 SF

      5400 Harford Rd

      OFFICE BUILDING • 10,930 SF
      5400 Harford Rd, Baltimore, MD 21214-2215
      View Details
    • Value Estimation by Request
      2,493 SF

      6301 Harford Rd

      OFFICE BUILDING • 2,493 SF
      6301 Harford Rd, Baltimore, MD 21214-1316
      View Details
    • Value Estimation
      $1,165,000
      4,915 SF

      6501 Harford Rd

      OFFICE BUILDING • 4,915 SF
      6501 Harford Rd, Baltimore, MD 21214-1302
      View Details
    • Value Estimation
      $1,855,000
      11,550 SF

      4709 Harford Rd

      OFFICE BUILDING • 11,550 SF
      4709 Harford Rd, Baltimore, MD 21214-3205
      View Details
    • Value Estimation by Request
      1,426 SF

      6608 Harford Rd

      OFFICE BUILDING • 1,426 SF
      6608 Harford Rd, Baltimore, MD 21214-1303
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $1,500 /Mo
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      Updated 2-Bedroom Apartment in Hamilton

      Recently updated 2-bedroom apartment with private laundry and central HVAC.
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      6,750 SF

      Harford Road Retail Space For Lease

      Prime Baltimore Retail, 6750 SF Available
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    • $1,000 /Mo

      Harford Road Lot for Lease

      2100 SF lot suitable for parking or storage.
      6012 Harford Rd, Baltimore, MD 21214
      View Details
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    5535 Harford Rd
    Baltimore, MD 21214-2233
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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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