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

    6600 Moravia Park Dr Baltimore, MD 21237-1020

    • Office buildings
    • 9,000 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0211600
    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

    • Sikky Manufacturing / Manufacturer
    • Swagdog / Custom T-Shirt Store / Embroidery Service
    • JE Auto Storage / Automobile Storage Facility / Storage Facility
    • YMCA MARYLAND / Clothing Store
    • JE Import Performance Inc / Auto Repair Shop / Auto Parts Store

    Property Details for 6600 Moravia Park Dr

    Construction
    BRICK
    Lot size
    2.21 lot acres
    Property size
    9,000 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    26-20-6202 -025
    APU
    26206202025

    Description

    This exceptional 60,000-square-foot freestanding warehouse is situated on a 2.26-acre lot in Baltimore, Maryland, and zoned I-1. The property boasts six interior loading docks complemented by two drive-in doors, ensuring efficient goods handling. Ceiling heights range from 18 to 34 feet, providing ample vertical space for various storage and operational needs. The warehouse features a wet sprinkler system for enhanced fire protection and includes office space. The building is partially leased, presenting an opportunity for immediate income generation and future expansion. The property benefits from heavy power and air conditioning in the warehouse area. Its strategic location offers convenient access to major transportation arteries, including Interstate 95, and is approximately five miles from the Seagirt and Dundalk Port, making it an attractive option for businesses requiring seamless logistics. This well-maintained warehouse presents a compelling investment opportunity in a prime Baltimore location. The property's address is 6600 Moravia Park Drive, Baltimore, MD 21237.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,523,000
      Market price range: $1.38M - $3.38M
      AI Estimate
      $1,423,000
      Market price range: $1.01M - $2.89M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,755,000
      Current use
      AUTO REPAIR, GARAGE
      $2,075,000
      Change: +18% Conversion: Difficult
      RESTAURANT
      $2,045,000
      Change: +17% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,980,000
      Change: +13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,650,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5361
    Latitude
    39.3129
    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
    $44,158
    $407,400
    $1,463,700
    $1,871,100
    -
    $407,400
    $1,463,700
    $1,871,100

    Comparable in this City

    • Value Estimation
      $1,335,000
      10,025 SF

      8510 Philadelphia Rd

      OFFICE BUILDING • 10,025 SF
      8510 Philadelphia Rd, Baltimore, MD 21237-3041
      View Details
    • Value Estimation
      $760,000
      2,184 SF

      8330 Pulaski Hwy

      OFFICE BUILDING • 2,184 SF
      8330 Pulaski Hwy, Rosedale, MD 21237-2964
      View Details
    • Value Estimation
      $1,725,000
      12,000 SF

      7401 Pulaski Hwy

      OFFICE BUILDING • 12,000 SF
      7401 Pulaski Hwy, Baltimore, MD 21237-2529
      View Details
    • Value Estimation by Request
      165 SF

      8000 Pulaski Hwy

      OFFICE BUILDING • 165 SF
      8000 Pulaski Hwy, Baltimore, MD 21237-2752
      View Details
    • Value Estimation
      $785,000
      3,600 SF

      1201 Philco Rd

      OFFICE BUILDING • 3,600 SF
      1201 Philco Rd, Baltimore, MD 21237-3400
      View Details
    • Value Estimation
      $710,000
      3,200 SF

      1200 Rosedale Ave

      OFFICE BUILDING • 3,200 SF
      1200 Rosedale Ave, Baltimore, MD 21237-2610
      View Details

    Similar Nearby for Sale

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    • $9,000,000
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      Contractors Yard, Industrial, Land, Warehouse property for sale in Rosedale, MD
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    Similar Nearby for Lease

    • $11 SF/Yr
      8,400 SF

      Office Space Available For Rent

      Office space available for lease, offering 8,400 square feet.
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      View Details
    • $4,000 /Mo
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      Spacious Rosedale Office Ready Now

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      View Details
    • $5 SF/Yr
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      Office space available for lease.
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      View Details
    • $600 /Mo
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      Office Space in Rosedale, MD

      Ground-level office space with ample parking and utilities included.
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      View Details
    • $9,500 /Mo

      Adaptable Warehouse/Retail/Office Space

      Versatile warehouse with showroom/retail/office potential on high-visibility Pulaski Highway.
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    • $25 SF/Yr
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      Medical Office Space Available

      Medical office suites available for lease in Baltimore, MD.
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    6600 Moravia Park Dr
    Baltimore, MD 21237-1020
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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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