Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5960 Belair Rd Baltimore, MD 21206
    Property profile & analytics

    5960 Belair Rd Baltimore, MD 21206

    View on Map
    • Strip malls
    • 14,450 SF
    • 1.23 lot acres
    For Sale
    $4,050,000
    View Listing →
    Baltimore Retail Center For Sale For Sale
    $4,050,000
    12,800 SF

    Baltimore Retail Center For Sale

    12,800 SF retail center shadow-anchored by Lidl.

    5960 Belair Rd, Baltimore, MD 21206
    View Listing
    Property ID
    US40-0230764
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 5960 Belair Rd

    Year built
    2016
    Construction
    BRICK
    Lot size
    1.23 lot acres
    Property size
    14,450 SF
    Zone code
    C-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    27-03-5695E-002
    APU
    27035695E002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,645,000
      Current use
      AUTO REPAIR, GARAGE
      $3,335,000
      Change: +26% Conversion: Difficult
      RESTAURANT
      $3,285,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $2,965,000
      Change: +12% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,200,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5397
    Latitude
    39.3474
    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
    $53,454
    $0.00
    $0.00
    $2,265,000
    -
    $697,000
    $1,619,500
    $2,316,500

    Comparable in this City

    • Value Estimation
      $3,670,000
      43,095 SF

      4206 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 43,095 SF
      4206 Frankford Ave, Baltimore, MD 21206-5131
      View Details
    • Value Estimation
      $770,000
      6,489 SF

      6711 Belair Rd

      SHOPPING CENTER, STRIP CENTER • 6,489 SF
      6711 Belair Rd, Baltimore, MD 21206-1151
      View Details
    • Value Estimation
      $2,995,000
      22,845 SF

      6400 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 22,845 SF
      6400 Frankford Ave, Baltimore, MD 21206-4971
      View Details
    • Value Estimation
      $11,690,000
      156,886 SF

      5000 Sinclair Ln

      SHOPPING CENTER, STRIP CENTER • 156,886 SF
      5000 Sinclair Ln, Baltimore, MD 21206-5936
      View Details
    • Value Estimation
      $3,155,000
      34,525 SF

      5418 Sinclair Ln

      SHOPPING CENTER, STRIP CENTER • 34,525 SF
      5418 Sinclair Ln, Baltimore, MD 21206-4645
      View Details
    • Value Estimation
      $1,515,000
      8,146 SF

      3615 Northern Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 8,146 SF
      3615 Northern Pkwy, Baltimore, MD 21206-1645
      View Details

    Similar Nearby for Sale

    • $6,300,000

      Modern Retail Building in Baltimore

      Fully leased, income-generating retail property in a prime Baltimore location.
      5200 Moravia Rd, Baltimore, MD 21206
      View Details
    • $4,050,000

      Baltimore Retail Center For Sale

      12,800 SF retail center shadow-anchored by Lidl.
      5960 Belair Rd, Baltimore, MD 21206
      View Details
    • $1,900,000

      Belair Road Shopping Center For Sale

      Eight-tenant shopping center on Belair Road with long-term tenants.
      4300 Belair Rd, Baltimore, MD 21206
      View Details
    • $4,050,000

      Newly Constructed Retail Center

      Shadow-anchored retail center 100% pre-leased to national tenants.
      5960 Belair Rd, Baltimore, MD 21206
      View Details
    • $4,050,000
      12,800 SF

      Baltimore Retail Center For Sale

      Newly constructed, shadow-anchored retail center in Baltimore, Maryland.
      5960 Belair Rd, Baltimore, MD 21206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      Retail Space in Parkside Center

      Retail space available in a dominant shopping center.
      5100-5150 Sinclair Ln, Baltimore, MD 21206
      View Details
    • Contact for pricing

      Dominant Retail Center For Lease

      Retail space available in a conveniently located shopping center.
      5000-5150 Sinclair Ln, Baltimore, MD 21206
      View Details
    • Contact for pricing
      3,363 SF

      Retail Space in Parkside Center

      Retail space available in a dominant shopping center.
      5002-5020 Sinclair Ln, Baltimore, MD 21206
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Baltimore, Maryland.
      5500 Sinclair Ln, Baltimore, MD 21206
      View Details
    • $1,095 /Mo

      Ground Floor Retail/Office Space

      450 sq ft space with bathroom on busy street.
      5864 Belair Rd, Baltimore, MD 21206
      View Details
    View Listing
    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.
    5960 Belair Rd
    Baltimore, MD 21206
    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

    Thank You for Inquiry
    5960 Belair Rd, Baltimore, MD, 21206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!