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

    6023 Belair Rd, Unit BALTIMORE Baltimore, MD 21206

    • Warehouses
    • 1,488 SF
    • 0.67 lot acres
    For Sale
    View listing
    $795,000
    Last Sale
    Aug 20, 2021
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1401443
    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

    • Warehouses

    Property Details for 6023 Belair Rd

    Construction
    BRICK
    Lot size
    0.67 lot acres
    Property size
    1,488 SF
    Zone code
    R-3
    Property type
    Warehouses
    APN
    26-23-5722 -028
    APU
    26235722028

    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
    -76.5375
    Latitude
    39.348
    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
    $6,256
    $0.00
    $0.00
    $265,067
    -
    $175,300
    $109,600
    $284,900

    Comparable in this City

    • Value Estimation
      $1,230,000
      12,755 SF

      4662 Belair Rd

      MINI-WAREHOUSE, STORAGE • 12,755 SF
      4662 Belair Rd, Baltimore, MD 21206
      View Details
    • Value Estimation
      $5,605,000
      91,718 SF

      6200 Frankford Ave

      WAREHOUSE, STORAGE • 91,718 SF
      6200 Frankford Ave, Baltimore, MD 21206-4902
      View Details
    • Value Estimation by Request
      3,899 SF

      6705 Belair Rd

      WAREHOUSE, STORAGE • 3,899 SF
      6705 Belair Rd, Baltimore, MD 21206-1116
      View Details
    • Value Estimation by Request
      2,224 SF

      5625 Belair Rd

      WAREHOUSE, STORAGE • 2,224 SF
      5625 Belair Rd, Baltimore, MD 21206
      View Details
    • Value Estimation
      $805,000
      12,090 SF

      6300 Frankford Ave

      WAREHOUSE, STORAGE • 12,090 SF
      6300 Frankford Ave, Baltimore, MD 21206-4904
      View Details
    • Value Estimation
      $1,080,000
      14,774 SF

      5113 Belair Rd

      MINI-WAREHOUSE, STORAGE • 14,774 SF
      5113 Belair Rd, Baltimore, MD 21206-5104
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Belair Road Mixed-Use Investment

      Baltimore Commercial Property: High Visibility
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      Commercial property with flexible uses in high-traffic Baltimore location.
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      Renovated Auto Repair Shop For Sale

      Auto repair shop with showroom, lifts, and parking for 75.
      6023 Belair Rd, Baltimore, MD 21206
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      Seven Assisted-Living Facilities Package

      Seven assisted-living facilities for sale, fully furnished and operational.
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      4,000 SF

      Auto Repair Shop For Sale

      Baltimore City auto repair/body shop with fenced lot.
      5606 Belair Rd, Baltimore, MD 21206
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    Similar Nearby for Lease

    • Contact for pricing
      4,080 SF

      Sinclair Plaza: Baltimore Retail Space

      Prime Baltimore retail space, multiple suites available.
      5500 Sinclair Ln, Baltimore, MD 21206
      View Details
    • $5,500 /Mo

      Belair Road Standalone Office Building

      Standalone office building with 13 offices for rent.
      5444 Belair Rd, Baltimore, MD 21206
      View Details
    • $12 SF/Yr
      1,470 SF

      Retail Suites on Belair Road

      Retail suites available with basement space, ideal for various businesses.
      6649-6651 Belair Rd, Baltimore, MD 21206
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Parkside Center

      Retail space available in a dominant shopping center.
      5002-5020 Sinclair Ln, Baltimore, MD 21206
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    • $795 /Mo

      Baltimore Office Space with Kitchen

      Commercial office space featuring a kitchen and rear entrance.
      5138 Fl Rear Entrance, Baltimore, MD 21206
      View Details
    • $995 /Mo

      Second Floor Office Space

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      5138 Fl Rear Entrance, Baltimore, MD 21206
      View Details
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    6023 Belair Rd, Unit BALTIMORE
    Baltimore, MD 21206
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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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