5900 York Rd Baltimore, MD 21212
Property profile & analytics
5900 York Rd Baltimore, MD 21212
- Office buildings
- 8,440 SF
- 0.21 lot acres
Property ID
US40-0080048
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.
Location Intelligence
Current Use by Public Records
- Run Style / Hair Salon / Nail Salon
- 3-D Stylez / Barber Shop
- 1500Radio / Radio Station / Telecommunications Service
- Innovative Graphics / Marketing & Advertising / Printing Service
- Everything Must Change Health System / Crisis Center / Medical Clinic
Property Details for 5900 York Rd
- Year built
- 1948
- Construction
- BRICK
- Lot size
- 0.21 lot acres
- Property size
- 8,440 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 27-64-5093C-001
- APU
- 27645093C001
Description
This exceptional two-story, 27-unit mixed-use property at 5900 York Road, Baltimore, MD 21212, offers a compelling investment opportunity with an estimated 11% cap rate. The property boasts a mix of retail and office spaces, featuring a reception area, director's office, multiple employee offices, conference rooms, storage, and common areas. Currently, there are both vacant units and units with below-market rents, presenting immediate potential for increased income and enhanced returns through rental growth. A newly updated roof minimizes maintenance needs. The property includes dedicated rear parking and benefits from a prime location near major transit lines, including bus stops and a light rail station. Its strategic proximity to Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, along with major banks (PNC Bank, Wells Fargo, Bank of America) and shopping centers (The Rotunda, Towson Town Center), ensures strong tenant demand. Existing long-term tenants with active leases provide a stable income stream, further supplemented by leased signage space. The property's location within an Enterprise Zone offers significant tax advantages, including real and income tax credits, enhancing the overall investment value. These credits include a 10-year tax credit on increased property taxes from improvements (80% in years 1-5, decreasing 10% annually thereafter), and income tax credits for new hires, particularly those from economically disadvantaged backgrounds. This property presents a rare opportunity to acquire a well-located, mixed-use asset with significant upside potential. The asking price is $2,445,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,975,000
- AI Estimate
- $1,245,000
Market price range: $965k - $2.90MMarket price range: $580k - $1.55M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,735,000 Current use
- AUTO REPAIR, GARAGE
- $1,945,000 Change: +12% Conversion: Difficult
- RESTAURANT
- $1,920,000 Change: +11% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,545,000 Change: -11% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,390,000 Change: -20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6104
- Latitude
- 39.3631
- 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
$0.00
$0.00
$0.00
$1,002,000
-
$89,700
$919,600
$1,009,300
