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    6700 Rdg Rd Baltimore, MD 21237-3960
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    Property profile & analytics

    6700 Rdg Rd, Baltimore, MD 21237-3960

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    • Medical Office Space
    • 4,600 SF
    • 0.59 lot acres
    Off-Market
    Last Sale Nov 15, 2023
    $500,000
    Property ID
    US40-1031487
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Jerry J. Horodowicz, DDS / Dental Office
    • Rossville Dental / Dental Office
    • Benjamin Lee M.D / Physician
    • Brahver Nathalie M / Physician
    • Yan Tony MD / Physician

    Property Details for 6700 Rdg Rd

    Construction
    BRICK
    Lot size
    0.59 lot acres
    Zone code
    DR16
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    14-1408000100
    APU
    141408000100

    Description

    This exceptional office property, located at 6700 Ridge Rd in Rosedale, Maryland, offers a variety of flexible spaces ideal for various business needs. The 5,000 square foot building features four suites, with 2,350 square feet currently available. Individual suites range from a minimum of 1,100 square feet up to the entire 5,000 square feet, allowing for customization to suit different business sizes and configurations. The property is classified as a Traditional Office, Medical Office, and Executive Office space, making it versatile and adaptable. Amenities include ample parking, prominent signage opportunities, and convenient access to public transportation. Its strategic location offers easy access to major roadways, being just one mile from a Beltway exit. Furthermore, the property enjoys a highly desirable location within walking distance of both Community College of Baltimore County (CCBC) and Franklin Square Hospital, providing excellent visibility and accessibility. This presents a unique opportunity to secure a well-appointed office space in a thriving Baltimore County East submarket, within Baltimore County, Maryland, zip code 21237. The property's diverse suite sizes and prime location make it an attractive option for a wide range of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $497,000
      Market price range: $103k - $565k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $670,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $840,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $700,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $640,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4866
    Latitude
    39.3443
    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
    $5,346
    $0.00
    $0.00
    $796,000
    -
    $205,500
    $591,300
    $796,800

    Comparable in this City

    • Value Estimation
      $9,920,000
      67,925 SF

      9105 Franklin Sq Dr, Unit 3

      MEDICAL BUILDING
      9105 Franklin Sq Dr, Baltimore, MD 21237-3930
      View Details
    • Value Estimation by Request
      2,560 SF

      8766 Philadelphia Rd

      MEDICAL BUILDING
      8766 Philadelphia Rd, Baltimore, MD 21237-2333
      View Details
    • Value Estimation
      $7,575,000
      61,109 SF

      9103 Franklin Sq Dr, Unit 2

      MEDICAL BUILDING
      9103 Franklin Sq Dr, Baltimore, MD 21237-3900
      View Details
    • Value Estimation
      $1,695,000
      10,990 SF

      6918 Rdg Rd

      MEDICAL BUILDING
      6918 Rdg Rd, Rosedale, MD 21237-3854
      View Details
    • Value Estimation
      $700,000
      3,993 SF

      6306 Kenwood Ave

      MEDICAL BUILDING
      6306 Kenwood Ave, Rosedale, MD 21237
      View Details
    • Value Estimation
      $650,000
      3,300 SF

      Belair Rd

      MEDICAL BUILDING
      Belair Rd, Rosedale, MD 21237
      View Details

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      Rosedale Medical Office Space

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      Rosedale Office Condo For Sale

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      Rosedale Medical Office For Sale

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      Medical Office Condo Near Hospital

      Medical office condo in Rosedale, near Franklin Square Hospital.
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      2,100 SF

      Office and Industrial Space Available

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    Similar Nearby for Lease

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      Rosedale Office Space For Lease

      Office space for lease in the Rosedale/White Marsh business sector.
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      2,775 SF

      Rosedale Medical/Office Space Available

      First-floor suite with direct access, tenant-controlled HVAC and utilities.
      9627 Philadelphia Rd, Rosedale, MD 21237
      View Details
    • Contact for pricing
      1,133 SF

      Class A Office/Medical Buildings

      Class A office/medical buildings with convenient highway access and parking.
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    • $23 SF/Yr

      Medical Office Space Available

      39,000 sqft medical office space for lease.
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    • $25 SF/Yr

      Medical Office Space Available

      Medical office suites available for lease in Baltimore, MD.
      9101 Franklin Square Dr, Baltimore, MD 21237
      View Details
    • Contact for pricing

      Versatile Office Condo in Baltimore

      Adaptable office condo suitable for various professional uses.
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      View Details
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    Baltimore, MD 21237-3960
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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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