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    Property profile & analytics

    6402 Harford Rd Baltimore, MD 21214

    • Auto shops
    • 1,104 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2022
    $212,500
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0856914
    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

    • Auto shops

    Property Details for 6402 Harford Rd

    Year built
    1953
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    1,104 SF
    Zone code
    C-2
    Property type
    Auto shops
    APN
    27-34-5493 -051
    APU
    27345493051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $210,000
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $219,000
      Market price range: $64.9k - $220k

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5544
    Latitude
    39.361
    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
    $4,991
    $189,900
    $21,600
    $211,500
    -
    $189,900
    $21,600
    $211,500

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      3202 Southern Ave

      AUTO REPAIR, GARAGE • 12,000 SF
      3202 Southern Ave, Baltimore, MD 21214-3221
      View Details
    • Value Estimation
      $1,025,000
      444 SF

      4517 Harford Rd

      AUTO REPAIR, GARAGE • 444 SF
      4517 Harford Rd, Baltimore, MD 21214-3122
      View Details
    • Value Estimation by Request
      6,040 SF

      5619 Harford Rd

      AUTO REPAIR, GARAGE • 6,040 SF
      5619 Harford Rd, Baltimore, MD 21214-2211
      View Details
    • Value Estimation
      $490,000
      2,738 SF

      5902 Harford Rd

      AUTO REPAIR, GARAGE • 2,738 SF
      5902 Harford Rd, Baltimore, MD 21214-1845
      View Details
    • Value Estimation by Request
      1,218 SF

      6408 Harford Rd

      AUTO REPAIR, GARAGE • 1,218 SF
      6408 Harford Rd, Baltimore, MD 21214-1318
      View Details
    • Value Estimation
      $275,000
      1,136 SF

      6614 Harford Rd

      AUTO REPAIR, GARAGE • 1,136 SF
      6614 Harford Rd, Baltimore, MD 21214-1303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Harford Road Retail Investment

      Baltimore Auto Shop & Office - Subject to Offer
      6200 Harford Rd, Baltimore, MD 21214
      View Details
    • Contact for pricing
      10,000 SF

      Harford Road Retail Investment Opportunity

      Baltimore Retail Space - 10,000 SF
      0 5510-5514-5516 Harford Rd, Baltimore, MD 21214
      View Details
    • $850,000

      Baltimore Multifamily Investment

      6-Unit Building, Prime Location
      2926 Christopher Ave, Baltimore, MD 21214
      View Details
    • $575,000

      Commercial Building with Storefronts, Offices

      6,674 SF commercial building with storefronts and office rentals.
      5500 Harford Rd, Baltimore, MD 21214
      View Details
    • $850,000
      8,336 SF

      Mixed-Use Building in Hamilton, Baltimore

      8,336 SF mixed-use building with retail, industrial, and residential units.
      4501-4503 Harford Rd, Baltimore, MD 21214
      View Details
    • Contact for pricing
      23,128 SF

      Prime Baltimore Commercial Space

      23,128 SF Office/Retail Building
      6005-6009 Harford Rd, Baltimore, MD 21214
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Harford Road Lot for Lease

      2100 SF lot suitable for parking or storage.
      6012 Harford Rd, Baltimore, MD 21214
      View Details
    • Contact for pricing
      9,345 SF

      Harford Road Flex/Retail Space

      9,345 SF flex/retail space in vibrant Hamilton-Lauraville neighborhood.
      4712 Harford Rd, Baltimore, MD 21214
      View Details
    • $1,410 /Mo
      7,841 SF

      Harford Road Storefront Opportunity

      Prime 1,410 sq. ft. commercial space in Baltimore.
      5510 Harford Rd, Baltimore, MD 21214
      View Details
    • Contact for pricing
      6,750 SF

      Harford Road Retail Space For Lease

      Prime Baltimore Retail, 6750 SF Available
      5428 Harford Rd, Baltimore, MD 21214
      View Details
    • $1,500 /Mo
      850 SF

      Updated 2-Bedroom Apartment in Hamilton

      Recently updated 2-bedroom apartment with private laundry and central HVAC.
      3014 Hamilton Ave, Baltimore, MD 21214
      View Details
    • $650 /Mo

      Renovated Office Space For Rent

      Single office in renovated building with shared amenities and utilities.
      5006 Harford Rd, Baltimore, MD 21214
      View Details
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    6402 Harford Rd
    Baltimore, MD 21214
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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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