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

    6503 Baltimore National Pike Baltimore, MD 21228-3906

    • Drive through restaurants
    • 4,080 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0846765
    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

    • Dollar Tree / Variety Store / Craft Store

    Property Details for 6503 Baltimore National Pike

    Year built
    1997
    Construction
    BRICK
    Lot size
    0.97 lot acres
    Property size
    4,080 SF
    Property type
    Drive through restaurants
    APN
    01-2200029124
    APU
    12200029124

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $632,000
      Market price range: $362k - $719k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $930,000
      Current use
      AUTO REPAIR, GARAGE
      $940,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $915,000
      Change: -1% Conversion: Easy
      OFFICE BUILDING
      $840,000
      Change: -10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $745,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7614
    Latitude
    39.285
    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
    $13,529
    $387,000
    $893,900
    $1,280,900
    -
    $387,000
    $893,900
    $1,280,900

    Comparable in this City

    • Value Estimation by Request
      2,890 SF

      6400 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,890 SF
      6400 Baltimore National Pike, Baltimore, MD 21228-3930
      View Details
    • Value Estimation
      $505,000
      3,439 SF

      5604 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,439 SF
      5604 Baltimore National Pike, Catonsville, MD 21228-1401
      View Details
    • Value Estimation by Request
      1,974 SF

      6200 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,974 SF
      6200 Baltimore National Pike, Catonsville, MD 21228-2907
      View Details
    • Value Estimation by Request
      3,176 SF

      6600 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,176 SF
      6600 Baltimore National Pike, Baltimore, MD 21228-3911
      View Details
    • Value Estimation by Request
      810 SF

      5701 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 810 SF
      5701 Baltimore National Pike, Baltimore, MD 21228-1701
      View Details
    • Value Estimation
      $1,065,000
      8,408 SF

      5660 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 8,408 SF
      5660 Baltimore National Pike, Baltimore, MD 21228-1419
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Iconic Restaurant and Bar For Sale

      Turnkey restaurant and bar in historic downtown Catonsville, Maryland.
      828 Frederick Rd, Catonsville, MD 21228
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    • Contact for pricing
      0.74 Acres

      Catonsville Retail Space - High Security

      Prime Catonsville retail/office suite, 3,498 sq ft.
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    • $225,000
      2.20 Acres

      Catonsville Commercial Land - $225K

      2.2-acre lot, prime development opportunity.
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      Light-filled 3-bedroom home with yard, convenient to UMBC and BWI.
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      Specialty property available in Baltimore, Maryland.
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    Similar Nearby for Lease

    • $2,700 /Mo
      32,234 SF

      Catonsville Retail/Office Space Available

      Secure 3,498 SF suite ideal for retail or office use.
      1330 Dillon Heights Ave, Catonsville, MD 21228
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    • Contact for pricing
      1,175 SF

      Retail Buildings in Catonsville, MD

      Two retail buildings totaling 14,604 SF for lease.
      6431 Baltimore National Pike, Catonsville, MD 21228
      View Details
    • $2,750 /Mo
      11,909 SF

      Vacant Land For Lease

      Vacant land suitable for parking or equipment storage.
      1 Montrose Ave, Catonsville, MD 21228
      View Details
    • Contact for pricing
      991 SF

      Retail Space on Frederick Road

      Retail space with high visibility and easy highway access.
      6425 Frederick Rd, Catonsville, MD 21228
      View Details
    • $15 SF/Yr
      3,000 SF

      Retail and Auto Shop Space

      Retail, auto shop, and industrial storage space available for rent.
      6427 Baltimore National Pike, Catonsville, MD 21228
      View Details
    • Contact for pricing
      114,045 SF

      Ingleside Retail Center: Catonsville, MD

      Prime Catonsville retail space available.
      0 Baltimore National Pike & Ingleside Ave, Catonsville, MD 21228
      View Details

    Property Visit Statistics

    • Visits by month
      27.5k
    • Visitors by month
      23.6k
    • Avg Time on site
      23 min
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    Baltimore, MD 21228-3906
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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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