Property profile

5923 Belair Rd Baltimore, MD 21206

FOR SALE
Investment properties
Property ID
US40-0289870
1,589 SF 0.08 ac lot Built 1922
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 5923 Belair Road in Baltimore, Maryland, presents a unique investment opportunity. Boasting 1,589 square feet, this building, constructed in 1922, offers significant potential for redevelopment. The asking price is $125,000, translating to a price per square foot of $78.67. The property's rich history includes previous uses as a barber shop and a local hardware store's warehouse. While a complete renovation is required, the property includes a valuable one-car garage, ideal for storage. Convenient on-street parking is also available directly in front of the building. The property is being sold "as is," allowing for maximum flexibility in its future use. The anticipated occupancy date is August 14, 2024. This location in the 21206 zip code offers excellent potential for a variety of commercial ventures, given its size and prime Baltimore location. The property's unique character and potential for transformation make it an attractive proposition for investors seeking a hands-on project with substantial upside.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1922
Construction BRICK
Total area 1,589 SF
Lot 0.08 ac (3,688 SF)
Zoning code C-2
APN 26-23-5730 -009
UPID US40-0289870

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5923 Belair Rd Baltimore, MD 21206
Baltimore metro Census 260101 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2025
Last sale
$100,000
1 recorded transaction
2025
$100,000

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

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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More about this property
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