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    670 Chesapeake Park Plz Middle River, MD 21220
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    Property profile & analytics

    670 Chesapeake Park Plz Middle River, MD 21220

    View on Map
    • Warehouses
    • 188,100 SF
    • 8.72 lot acres
    For Lease
    $8,980,000
    View Listing →
    Industrial Warehouse Space For Lease For Lease
    $8,980,000
    41,070 SF

    Industrial Warehouse Space For Lease

    Available warehouse space ranging from 126,700 to 188,100 square feet.

    670 Chesapeake Park Plz, Middle River, MD
    View Listing
    Property ID
    US40-1690653
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 670 Chesapeake Park Plz

    Year built
    1979
    Construction
    BRICK
    Lot size
    8.72 lot acres
    Property size
    188,100 SF
    Zone code
    MH-IM
    Property type
    Warehouses
    APN
    15-1800002545
    APU
    151800002545

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,404,000
      Market price range: $11.4M - $49.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Middle River
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4283
    Latitude
    39.3315
    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
    $51,020
    $2,834,000
    $4,281,600
    $7,115,600
    -
    $2,834,000
    $4,281,600
    $7,115,600

    Comparable in this City

    • Value Estimation
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      423,200 SF

      1413 Tangier Dr, Unit 1

      WAREHOUSE, STORAGE • 423,200 SF
      1413 Tangier Dr, Baltimore, MD 21220-2876
      View Details
    • Value Estimation
      $7,980,000
      131,300 SF

      1350 Innovation St

      MINI-WAREHOUSE, STORAGE • 131,300 SF
      1350 Innovation St, Baltimore, MD 21220-2173
      View Details
    • Value Estimation by Request
      2,448 SF

      1325 Mohrs Ln

      WAREHOUSE, STORAGE • 2,448 SF
      1325 Mohrs Ln, Baltimore, MD 21220-1401
      View Details
    • Value Estimation by Request
      3,840 SF

      2829 Eastern Blvd

      WAREHOUSE, STORAGE • 3,840 SF
      2829 Eastern Blvd, Baltimore, MD 21220-2802
      View Details
    • Value Estimation by Request
      3,200 SF

      1319 Reames Rd

      WAREHOUSE, STORAGE • 3,200 SF
      1319 Reames Rd, Baltimore, MD 21220-1436
      View Details
    • Value Estimation by Request
      720 SF

      1312 Shr Rd

      WAREHOUSE, STORAGE • 720 SF
      1312 Shr Rd, Baltimore, MD 21220-5510
      View Details

    Similar Nearby for Sale

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      Pulaski Highway Commercial Property

      10,000 SF building space with renovated garage and warehouse.
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      Pulaski Highway Industrial Building

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      Secured Contractor Yard with Warehouse

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      11,790 SF

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      11,790 SF warehouse with office and drive-in doors.
      1701 Leland Ave, Middle River, MD 21220
      View Details
    • $1,000,000

      Pulaski Highway Commercial Property Auction

      Commercial property with motel, nightclub, and redevelopment potential.
      10025 Pulaski Hwy, Baltimore, MD 21220
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    Similar Nearby for Lease

    • Contact for pricing
      23,400 SF

      Warehouse/Office Space for Sublease

      23,400 SF warehouse/office space available for sublease.
      9600 Pulaski Park Dr, Middle River, MD 21220
      View Details
    • Contact for pricing
      63,000 SF

      Middle River Warehouse Space Available

      63,000 SF warehouse space available for lease.
      1225 Bengies Rd, Middle River, MD 21220
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    • Contact for pricing
      23,100 SF

      Conditioned Warehouse Space Available

      7,115 SF conditioned warehouse with drive-in and dock doors.
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      View Details
    • Contact for pricing
      25,747 SF

      Middle River Warehouse Space Available

      25,747 SF warehouse with 24' clear height.
      1405 Tangier Dr, Middle River, MD 21220
      View Details
    • $8 SF/Yr

      Industrial Warehouse Space Available

      Industrial warehouse space available for lease.
      1250 Reames Rd, Baltimore, MD 21220
      View Details
    • Contact for pricing
      3,200 SF

      Middle River Warehouse Space Available

      3,200 SF warehouse with five drive-in doors for rent.
      1319 Reames Rd, Middle River, MD 21220
      View Details
    View Listing
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    Middle River, MD 21220
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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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    670 Chesapeake Park Plz, Middle River, MD, 21220
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