Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6200 Hazelwood Ave Baltimore, MD 21237-2058

    • Strip malls
    • 57,451 SF
    • 9.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2023
    $7,150,000
    Value Estimations
    $7,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0980484
    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

    • Kenwood Shopping Center / Business Service Center / Corporate Office
    • Duck's Nest Seafood / Specialty Food Shop / Fish Market
    • Royalty Driving Academy / Training Center / Vocational School
    • Building Youth Inc / Child Welfare Organization / Charitable Organization
    • Beauty USA / Hair Salon / Nail Salon

    Property Details for 6200 Hazelwood Ave

    Construction
    BRICK
    Lot size
    9.00 lot acres
    Property size
    57,451 SF
    Zone code
    BLAS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-1411018200
    APU
    141411018200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,268,000
      Market price range: $5.43M - $14.7M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,520,000
      Current use
      OFFICE BUILDING
      $11,195,000
      Change: +6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $8,740,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5064
    Latitude
    39.3418
    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
    $58,498
    $0.00
    $0.00
    $5,611,667
    -
    $2,285,600
    $3,331,900
    $5,617,500

    Comparable in this City

    • Value Estimation
      $2,250,000
      20,700 SF

      8101 Pulaski Hwy

      SHOPPING CENTER, STRIP CENTER • 20,700 SF
      8101 Pulaski Hwy, Rosedale, MD 21237-2822
      View Details
    • Value Estimation by Request
      1,616 SF

      8801 Pulaski Hwy

      SHOPPING CENTER, STRIP CENTER • 1,616 SF
      8801 Pulaski Hwy, Rosedale, MD 21237-3010
      View Details
    • Value Estimation
      $4,940,000
      29,534 SF

      1715 Chesaco Ave

      SHOPPING CENTER, STRIP CENTER • 29,534 SF
      1715 Chesaco Ave, Rosedale, MD 21237-1518
      View Details
    • Value Estimation
      $4,665,000
      31,768 SF

      8665 Pulaski Hwy

      SHOPPING CENTER, STRIP CENTER • 31,768 SF
      8665 Pulaski Hwy, Baltimore, MD 21237-3028
      View Details
    • Value Estimation
      $1,715,000
      11,250 SF

      8660 Pulaski Hwy, Unit 1

      SHOPPING CENTER, STRIP CENTER • 11,250 SF
      8660 Pulaski Hwy, Baltimore, MD 21237-3063
      View Details
    • Value Estimation
      $2,900,000
      12,545 SF

      8414 Philadelphia Rd

      SHOPPING CENTER, STRIP CENTER • 12,545 SF
      8414 Philadelphia Rd, Baltimore, MD 21237-3000
      View Details

    Similar Nearby for Sale

    • $265,000

      Baltimore Specialty Property for Sale

      Specialty property available in Baltimore, Maryland.
      1814 Weyburn Rd, Baltimore, MD 21237
      View Details
    • $310,000

      Berkwood Court Specialty Property

      Specialty property for sale in Baltimore, Maryland.
      8300 Berkwood Ct, Baltimore, MD 21237
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale at 6720 GARVEY Rd, Baltimore, MD
      6720 Garvey Rd, Baltimore, MD 21237
      View Details
    • $1,300,000
      9,300 SF

      1331 Seling Ave

      Building property for sale in Rosedale, MD
      1331 Seling Ave, Baltimore, MD 21237
      View Details
    • $385,000

      Rosedale Specialty Property for Sale

      Specialty property available in Rosedale, Maryland.
      1329 Pine Grove Ave, Rosedale, MD 21237
      View Details
    • $380,000

      Rosedale Specialty Property For Sale

      Specialty property available for purchase in Rosedale, Maryland.
      8113 Callo Ln, Rosedale, MD 21237
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      High-Traffic Retail Space on Route 40

      Retail space in high-traffic strip mall with ample parking.
      8555 Pulaski Hwy, Baltimore, MD 21237
      View Details
    • Contact for pricing
      19,782 SF

      Baltimore County Shopping Center Space

      Grocery-anchored shopping center with storage/flex space for rent.
      1709-1763 Chesaco Ave, Rosedale, MD 21237
      View Details
    • Contact for pricing
      3,456 SF

      Prime Retail Pad Site in Baltimore

      Exceptional Single-Tenant Retail Opportunity
      6417 Petrie Way Rd, Rosedale, MD 21237
      View Details
    • $11 SF/Yr
      59,400 SF

      Retail Space Available For Lease

      Retail property available for lease in Baltimore, Maryland.
      Race Rd, Baltimore, MD 21237
      View Details
    • Contact for pricing
      3,376 SF

      Retail Space on Pulaski Highway

      Retail space available in multi-tenant building on Pulaski Highway.
      8300-8302 Pulaski Hwy, Baltimore, MD 21237
      View Details
    • Contact for pricing
      158,678 SF

      Golden Ring Plaza Retail Space

      Retail Center, Baltimore County, MD. Multiple spaces available.
      8665 Philadelphia Rd, Rosedale, MD 21237
      View Details
    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.
    6200 Hazelwood Ave
    Baltimore, MD 21237-2058
    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

    Google sign-in failed. Please try again or use another login method.