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    Property profile & analytics

    6301 Seaforth St Baltimore, MD 21224-6519

    • Manufacturing properties
    • 80,320 SF
    • 6.00 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2024
    $13,500,000
    Value Estimations
    $13,500,000
    Show details
    Cap Rate Potential
    3.3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US40-0680484
    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

    • Legends Limited / Big Box & Wholesale Store / Distribution Center
    • Legends Limited Distributing / Warehouse & Storage

    Property Details for 6301 Seaforth St

    Year built
    1984
    Construction
    BRICK
    Lot size
    6.00 lot acres
    Property size
    80,320 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    26-01-6918 -004
    APU
    26016918004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,500,000
      ML approach
      $13,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,190,000
      Market price range: $4.28M - $15.2M
      AI Estimate
      $13,007,000
      Market price range: $1.66M - $13.0M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $8,790,000
      Current use
      AUTO REPAIR, GARAGE
      $18,530,000
      Change: +111% Conversion: Easy
      RESTAURANT
      $15,950,000
      Change: +81% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $14,710,000
      Change: +67% Conversion: Difficult
      WAREHOUSE, STORAGE
      $12,220,000
      Change: +39% Conversion: Easy
      COMMERCIAL (GENERAL)
      $11,700,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $11,670,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5391
    Latitude
    39.27
    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
    $222,455
    $0.00
    $0.00
    $9,426,067
    -
    $2,400,400
    $7,076,000
    $9,476,400

    Comparable in this City

    • Value Estimation
      $4,920,000
      109,950 SF

      1500 Ponca St

      MANUFACTURING (LIGHT) • 109,950 SF
      1500 Ponca St, Baltimore, MD 21224-5818
      View Details
    • Value Estimation
      $3,895,000
      94,285 SF

      6400 Beckley St

      MANUFACTURING (LIGHT) • 94,285 SF
      6400 Beckley St, Baltimore, MD 21224-6501
      View Details
    • Value Estimation
      $6,000,000
      102,843 SF

      6801 Eastern Ave

      MANUFACTURING (LIGHT) • 102,843 SF
      6801 Eastern Ave, Baltimore, MD 21224-3029
      View Details
    • Value Estimation
      $775,000
      15,468 SF

      3703 Baltimore St

      MANUFACTURING (LIGHT) • 15,468 SF
      3703 Baltimore St, Baltimore, MD 21224-1509
      View Details
    • Value Estimation
      $2,655,000
      56,442 SF

      111 Kane St

      MANUFACTURING (LIGHT) • 56,442 SF
      111 Kane St, Baltimore, MD 21224-1727
      View Details
    • Value Estimation
      $3,655,000
      40,000 SF

      1900 Portal St

      MANUFACTURING (LIGHT) • 40,000 SF
      1900 Portal St, Baltimore, MD 21224-6513
      View Details

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      for lease in Baltimore, MD
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      11,000 SF

      Canton Industrial Flex Space For Sale

      11,000 SF Flex/Warehouse in Baltimore, MD
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    Similar Nearby for Lease

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      1,600 SF

      Baltimore City Mixed-Use Opportunity

      Mixed-use property with secured parking and residential apartment available for rent.
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    • Contact for pricing
      93,800 SF

      Renovated Baltimore Warehouse with Storage

      93,800 SF warehouse with outside storage and renovations.
      6201 Seaforth St, Baltimore, MD 21224
      View Details
    • $7,200 /Mo
      52,708 SF

      Renovated Flex Space in Baltimore

      Stunning 4800 SF flex space in a redeveloped complex.
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    • $4,500 /Mo

      Highlands Forge Warehouse Opportunity

      Warehouse space in desirable community with HVAC and customization options.
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      Prime Baltimore Flex Space

      5,000 SF Flex Space For Lease
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    • Contact for pricing
      62,584 SF

      Warehouse Near Port of Baltimore

      Freestanding warehouse with office space near the Port.
      1817-1821 Portal St, Baltimore, MD 21224
      View Details
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    Baltimore, MD 21224-6519
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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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