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

    6705 York Rd Baltimore, MD 21212

    • Retail space
    • 11,875 SF
    • 0.36 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Nov 13, 2020
    $2,800,000
    Value Estimations
    $2,765,000
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence
    Property ID
    US40-0924068
    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

    • Dor Lynn Hair Studio Inc's / Hair Salon

    Property Details for 6705 York Rd

    Year built
    1947
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    11,875 SF
    Zone code
    BLCNS
    Property type
    Retail space
    APN
    09-0903001550
    APU
    90903001550

    Description

    This exceptional Baltimore, MD property at 6705-6721 York Road offers a prime opportunity for businesses seeking executive office space. The 19,576 square foot building, situated on a 0.36-acre lot, features a mix of retail and office space, currently offering three available suites ranging from 1,200 to 1,500 square feet. Built in 1947, the building is zoned BL and boasts a multiple tenancy structure, providing a vibrant and collaborative environment. The property's convenient location in Baltimore, MD, zip code 21212, ensures easy access to major transportation routes and a diverse range of amenities. With 1,500 square feet currently vacant, this presents an immediate opportunity to establish or expand your business in a well-established commercial area. The building's classification as both retail and office space offers flexibility and potential for diverse business models. The property's history and established presence in the community provide a solid foundation for future growth and success. This is an excellent investment opportunity for businesses seeking a strategic location in a thriving Baltimore neighborhood. The available space is ideal for a variety of businesses, offering a blend of established infrastructure and modern adaptability. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,800,000
      6.5%
      $2,585,000
      7%
      $2,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,235,000
      Market price range: $676k - $2.79M
      AI Estimate
      $2,460,000
      Market price range: $565k - $2.98M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,740,000
      RESTAURANT
      $2,700,000
      OFFICE BUILDING
      $2,440,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,175,000
      COMMERCIAL (GENERAL)
      $1,960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6085
    Latitude
    39.3772
    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
    $13,692
    $0.00
    $0.00
    $1,553,900
    -
    $625,000
    $1,715,100
    $2,340,100

    Comparable in this City

    • Value Estimation by Request
      3,215 SF

      6811 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,215 SF
      6811 York Rd, Baltimore, MD 21212-1840
      View Details
    • Value Estimation by Request
      1,500 SF

      5702 Bellona Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      5702 Bellona Ave, Baltimore, MD 21212-3507
      View Details
    • Value Estimation
      $2,105,000
      9,028 SF

      5013 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,028 SF
      5013 York Rd, Baltimore, MD 21212-4438
      View Details
    • Value Estimation
      $295,000
      1,668 SF

      4331 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,668 SF
      4331 York Rd, Baltimore, MD 21212
      View Details
    • Value Estimation
      $215,000
      3,192 SF

      5301 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,192 SF
      5301 York Rd, Baltimore, MD 21212-3829
      View Details
    • Value Estimation
      $225,000
      1,008 SF

      5917 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      5917 York Rd, Baltimore, MD 21212-3027
      View Details

    Similar Nearby for Sale

    • $299,900
      2,232 SF

      Rehabbed Multi-Unit Property on York Road

      Cash-flowing, three-unit property with commercial space and residential units.
      4602 York Rd, Baltimore, MD 21212
      View Details
    • New
      $225,000
      1,800 SF

      Mixed-Use Building on York Road

      Mixed-use commercial building with retail and residential income potential.
      5307 York Rd, Baltimore, MD 21212
      View Details
    • $149,900
      0.03 Acres

      Mixed-Use Property in Baltimore, MD

      Corner lot with commercial and residential potential in Baltimore.
      4744 Alhambra Ave, Baltimore, MD 21212
      View Details
    • $2,445,000

      York Road Retail Investment

      27-Unit Mixed-Use, High Cap Rate
      5900 York Rd, Baltimore, MD 21212
      View Details
    • $2,445,000

      Mixed-Use Property Near Loyola University

      27-unit mixed-use property with high cap rate and growth potential.
      5900 York Rd, Baltimore, MD 21212
      View Details
    • $349,000

      Baltimore Specialty Property for Sale

      Specialty property available for purchase in Baltimore, Maryland.
      6003 Henderson Ave, Baltimore, MD 21212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,500 SF

      Historic Riverside Retail and Office

      Retail and office spaces in Baltimore's expanding Riverside neighborhood.
      1900 Light St, Baltimore, MD 21212
      View Details
    • $3,391 /Mo

      York Road Commercial Space Available

      Commercial space suitable for medical, retail, office, and educational tenants.
      6603 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing
      9,981 SF

      Former Pharmacy on York Road

      Former CVS pharmacy with ample parking and high visibility.
      5200 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing
      1,155 SF

      Retail Space Near Giant Available

      Retail space for lease near Giant in Baltimore, Maryland.
      6340-6378 York Rd, Baltimore, MD 21212
      View Details
    • $2,500 /Mo

      Retail Space in Stoneleigh/Rodgers Forge

      Retail spaces available in high-traffic Baltimore County location.
      6705 York Rd, Baltimore, MD 21212
      View Details
    • $20 SF/Yr
      19,576 SF

      York Road Executive Office Suites

      Baltimore Office Space: 3 Suites Available
      6705 York Rd, Baltimore, MD 21212
      View Details
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    6705 York Rd
    Baltimore, MD 21212
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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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