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    Property profile & analytics

    715 Ordnance Rd Baltimore, MD 21226-1772

    • Industrial properties
    • 21,375 SF
    • 3.87 lot acres
    OFF-MARKET
    Value Estimations
    $3,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1491645
    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

    • Aquanautics Scuba Center / (Bike/Boat/Book/etc) Store
    • Merritt Properties - Curtis Business Center 1B / Real Estate Agency
    • Harbor City Church - Glen Burnie / Church
    • TIPCO Sealing Technologies / Metal Fabrication Plant / Industrial Manufacturer
    • VectorCSP / Business Management Consultant

    Property Details for 715 Ordnance Rd

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.87 lot acres
    Property size
    21,375 SF
    Zone code
    C4
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    05-156-90087659
    APU
    515690087659

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,042,000
      Market price range: $1.14M - $4.04M
      AI Estimate
      $2,349,000
      Market price range: $485k - $2.35M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,340,000
      Current use
      AUTO REPAIR, GARAGE
      $4,930,000
      Change: +111% Conversion: Easy
      RESTAURANT
      $4,860,000
      Change: +108% Conversion: Difficult
      OFFICE BUILDING
      $4,390,000
      Change: +88% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,915,000
      Change: +67% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,250,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $3,105,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5947
    Latitude
    39.2037
    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
    $47,175
    $0.00
    $0.00
    $4,320,033
    -
    $2,128,500
    $2,536,000
    $4,664,500

    Comparable in this City

    • Value Estimation
      $2,945,000
      40,894 SF

      7609 Energy Pkwy

      INDUSTRIAL LOFT BUILDING • 40,894 SF
      7609 Energy Pkwy, Baltimore, MD 21226-1737
      View Details
    • Value Estimation
      $5,680,000
      56,700 SF

      707 Ordnance Rd

      INDUSTRIAL LOFT BUILDING • 56,700 SF
      707 Ordnance Rd, Baltimore, MD 21226-1767
      View Details
    • Value Estimation
      $820,000
      5,600 SF

      6824 Ft Smallwood Rd

      INDUSTRIAL LOFT BUILDING • 5,600 SF
      6824 Ft Smallwood Rd, Baltimore, MD 21226-1643
      View Details
    • Value Estimation by Request
      3,870 SF

      8108 Ft Smallwood Rd

      INDUSTRIAL LOFT BUILDING • 3,870 SF
      8108 Ft Smallwood Rd, Baltimore, MD 21226-1916
      View Details
    • Value Estimation by Request
      1.58 Acres

      4820 Prudence St

      INDUSTRIAL (GENERAL) • 1.58 Acres
      4820 Prudence St, Baltimore, MD 21226
      View Details
    • Value Estimation by Request
      1.85 Acres

      7501 Energy Ct

      INDUSTRIAL (GENERAL) • 1.85 Acres
      7501 Energy Ct, Baltimore, MD 21226
      View Details

    Similar Nearby for Sale

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      1,000 SF

      1999 Chesapeake Ave

      Industrial Waterfront NNN Property FOR SALE
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      I-2 Zoned property in a central Baltimore location.
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      Mixed-use property featuring a barber shop and rental units.
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      18,798 SF

      1900 Benhill Ave

      Free-standing, Industrial property for sale in Baltimore, MD
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      53,000 SF

      Curtis Avenue Warehouse with Storage

      Warehouse space with outside storage in Curtis Bay, Baltimore.
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      View Details
    • Contact for pricing
      18,000 SF

      Industrial Building with Heavy Power

      19,000 SF industrial building in South Baltimore City.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,250 SF

      Warehouse Space with Office

      Class A warehouse space available for sublease in Baltimore.
      4601 Curtis Ave, Baltimore, MD 21226
      View Details
    • Contact for pricing
      90,350 SF

      Baltimore Warehouse Space Available

      90,350 sqft warehouse space for lease in Baltimore, MD.
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      View Details
    • Contact for pricing
      359,276 SF

      Baltimore Distribution Facility Available 2025

      359,276 SF distribution facility in the Baltimore/Washington Corridor.
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      View Details
    • Contact for pricing
      36,344 SF

      Baltimore Warehouse Space Available

      36,344 SF warehouse space for lease in Baltimore, MD.
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      View Details
    • Contact for pricing
      112,470 SF

      Distribution Center Near I-895

      Distribution center totaling 483,000 SF near I-895.
      4501 Curtis Ave, Baltimore, MD 21226
      View Details
    • $6 SF/Yr
      140,325 SF

      Baltimore Industrial Property

      Prime Warehouse & Distribution Space
      5501 Pennington Ave, Baltimore, MD 21226
      View Details
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    715 Ordnance Rd
    Baltimore, MD 21226-1772
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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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