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    Property profile & analytics

    5840 Baltimore National Pike Baltimore, MD 21228-1335

    • Outlet malls
    • 123,666 SF
    • 33.97 lot acres
    OFF-MARKET
    Value Estimations
    $25,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0860428
    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

    • Marshalls / Department Store
    • Amazon Hub Counter - Value City Furniture / Postal Service / Courier Service
    • RAC Acceptance / Interior Design
    • Amazon Hub Counter - Value City Furniture 059 / Postal Service / Courier Service
    • Value City Furniture / Furniture & Home Goods / Home Decor Store

    Property Details for 5840 Baltimore National Pike

    Year built
    2001
    Construction
    BRICK
    Lot size
    33.97 lot acres
    Property size
    123,666 SF
    Zone code
    BMCT
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    01-0123155350
    APU
    10123155350

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $29,170,000
      6.5%
      $26,930,000
      7%
      $25,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,094,000
      Market price range: $7.04M - $29.1M
      AI Estimate
      $21,833,000
      Market price range: $4.98M - $21.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $17,225,000
      Current use
      AUTO REPAIR, GARAGE
      $28,535,000
      Change: +66% Conversion: Difficult
      RESTAURANT
      $28,120,000
      Change: +63% Conversion: Easy
      COMMERCIAL (GENERAL)
      $27,750,000
      Change: +61% Conversion: Easy
      OFFICE BUILDING
      $25,395,000
      Change: +47% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $22,650,000
      Change: +31% Conversion: Moderate
      WAREHOUSE, STORAGE
      $18,810,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $17,970,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7348
    Latitude
    39.2888
    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
    $495,317
    $16,246,500
    $18,753,500
    $35,000,000
    -
    $16,246,500
    $18,753,500
    $35,000,000

    Comparable in this City

    • Value Estimation
      $6,615,000
      134,399 SF

      5748 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 134,399 SF
      5748 Baltimore National Pike, Baltimore, MD 21228-1306
      View Details
    • Value Estimation
      $4,220,000
      41,130 SF

      6415 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 41,130 SF
      6415 Baltimore National Pike, Catonsville, MD 21228-3904
      View Details
    • Value Estimation
      $4,845,000
      24,087 SF

      6026 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 24,087 SF
      6026 Baltimore National Pike, Catonsville, MD 21228-2933
      View Details
    • Value Estimation
      $5,415,000
      119,637 SF

      6201 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 119,637 SF
      6201 Baltimore National Pike, Baltimore, MD 21228-2908
      View Details
    • Value Estimation
      $1,655,000
      41,976 SF

      6610 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 41,976 SF
      6610 Baltimore National Pike, Baltimore, MD 21228-3926
      View Details
    • Value Estimation
      $1,295,000
      20,005 SF

      6515 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 20,005 SF
      6515 Baltimore National Pike, Baltimore, MD 21228-3906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.74 Acres

      Catonsville Retail Space - High Security

      Prime Catonsville retail/office suite, 3,498 sq ft.
      1330 Dillon Heights Ave, Catonsville, MD 21228
      View Details
    • $500,000
      0.21 Acres

      Versatile Commercial Property in Catonsville

      Adaptable commercial space with high visibility and ample parking.
      38 Mellor Ave, Catonsville, MD 21228
      View Details
    • Contact for pricing

      Vacant Land Near Beltway

      2.2 acre vacant land parcel with development potential.
      726 Maiden Choice Ln, Catonsville, MD 21228
      View Details
    • $650,000

      Catonsville Mixed-Use Opportunity

      Unique property with mixed-use, office, or bed-and-breakfast potential.
      6100 Frederick Rd, Catonsville, MD 21228
      View Details
    • Contact for pricing
      0.21 Acres

      Catonsville Office Space for Lease

      Prime Catonsville location, ample parking.
      38 Mellor Ave, Catonsville, MD 21228
      View Details
    • $500,000
      0.85 Acres

      Residential Lots in Catonsville, MD

      Three residential lots in Catonsville, MD, sold as package.
      Melvin Ave, Catonsville, MD 21228
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,925 SF

      Retail Buildings in Catonsville, MD

      Two retail buildings totaling 14,604 SF for lease.
      6431 Baltimore National Pike, Catonsville, MD 21228
      View Details
    • Contact for pricing
      2,585 SF

      Retail Space in Ingleside Center

      Retail space available in well-located Catonsville shopping center.
      5660-5624 Ingleside Ave, Catonsville, MD 21228
      View Details
    • Contact for pricing
      1,160 SF

      Retail Space on Rolling Road

      Retail spaces available in Catonsville with high traffic volume.
      1110 N Rolling Rd, Catonsville, MD 21228
      View Details
    • Contact for pricing
      8,800 SF

      Retail Space on Baltimore National

      Regional shopping center with high visibility and traffic.
      6510 Baltimore National Pike, Catonsville, MD 21228
      View Details
    • Contact for pricing
      28,000 SF

      Retail Space in Westview Center

      Prime retail opportunity in a high-traffic Catonsville shopping center.
      5702-5840 Baltimore National Pike, Catonsville, MD 21228
      View Details
    • $4,000 /Mo
      16,117 SF

      Catonsville Commercial Spaces For Lease

      Vibrant commercial area with office, retail, and flex spaces.
      6433 Frederick Rd, Catonsville, MD 21228
      View Details
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    5840 Baltimore National Pike
    Baltimore, MD 21228-1335
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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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