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    7215 York Rd Baltimore, MD 21212-1528
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    Property profile & analytics

    7215 York Rd Baltimore, MD 21212-1528

    View on Map
    • Office buildings
    • 44,600 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US40-1193594
    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
    $6,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Arc Baltimore / Social Service Agency
    • By Their Side / Charitable Organization / Social Service Agency
    • Cheryl D. Haynes, OT / Physician

    Property Details for 7215 York Rd

    Year built
    1950
    Construction
    BRICK
    Lot size
    2.00 lot acres
    Property size
    44,600 SF
    Property type
    Office buildings
    APN
    09-1900012405
    APU
    91900012405

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,098,000
      Market price range: $5.10M - $15.3M
      AI Estimate
      $5,103,000
      Market price range: $3.06M - $8.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,160,000
      Current use
      AUTO REPAIR, GARAGE
      $10,290,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $10,140,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $8,170,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,355,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.606
    Latitude
    39.3834
    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
    $2,063
    $0.00
    $0.00
    $4,107,333
    -
    $784,000
    $3,424,800
    $4,208,800

    Comparable in this City

    • Value Estimation
      $870,000
      9,524 SF

      5810 York Rd

      OFFICE BUILDING • 9,524 SF
      5810 York Rd, Baltimore, MD 21212-3607
      View Details
    • Value Estimation
      $6,380,000
      38,840 SF

      6400 York Rd

      OFFICE BUILDING • 38,840 SF
      6400 York Rd, Baltimore, MD 21212-2117
      View Details
    • Value Estimation
      $665,000
      3,510 SF

      5719 York Rd

      OFFICE BUILDING • 3,510 SF
      5719 York Rd, Baltimore, MD 21212-3606
      View Details
    • Value Estimation by Request
      2,998 SF

      4512 York Rd

      OFFICE BUILDING • 2,998 SF
      4512 York Rd, Baltimore, MD 21212-4830
      View Details
    • Value Estimation
      $515,000
      2,648 SF

      6509 York Rd

      OFFICE BUILDING • 2,648 SF
      6509 York Rd, Baltimore, MD 21212-2162
      View Details
    • Value Estimation
      $540,000
      3,778 SF

      5109 York Rd

      OFFICE BUILDING • 3,778 SF
      5109 York Rd, Baltimore, MD 21212-4399
      View Details

    Similar Nearby for Sale

    • $1,129,000
      3,900 SF

      Standalone Office Building on York Road

      Two-story office building with finished ground level and ample parking.
      6501 York Rd, Baltimore, MD 21212
      View Details
    • $400,000

      McCabe Mansion Auction Opportunity

      23,841 SF mixed-use property with redevelopment potential.
      5209 York Rd, Baltimore, MD 21212
      View Details
    • $1,129,000

      Standalone Office Building on York

      Two-story office building with prime space and convenient location.
      6501 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing
      17,100 SF

      Mixed-Use Property with Income Potential

      27-unit mixed-use property with retail, office, and signage.
      5900 York Rd, Baltimore, MD 21212
      View Details
    • $1,775,000
      10,100 SF

      Kenneth Square Multi-Family Property

      Multi-family property in Cedarcroft/Lake Evesham community, great investment opportunity.
      437 &445 Kenneth Sq, Baltimore, MD 21212
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Renovated Commercial Space in Baltimore

      Revitalized commercial space in a vibrant Baltimore community.
      4668 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing

      Historic Riverside Retail and Office

      Retail and office spaces in Baltimore's expanding Riverside neighborhood.
      1900 Light St, Baltimore, MD 21212
      View Details
    • Contact for pricing

      York Road Commercial Space Available

      Commercial space suitable for various uses on York Road.
      6603 York Rd, Baltimore, MD 21212
      View Details
    • Contact for pricing

      Towson Commercial Space Available

      Commercial space available for rent in Towson, Maryland.
      6705 York Rd, Towson, MD 21212
      View Details
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    7215 York Rd
    Baltimore, MD 21212-1528
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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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