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    Property profile & analytics

    804 N Franklintown Rd Baltimore, MD 21216

    • Distribution centers
    • 55,176 SF
    • 0.75 lot acres
    For Sale
    View listing
    $200,000
    Value Estimation
    Last Sale
    Dec 14, 2020
    $240,000
    Location Intelligence
    Property ID
    US40-0882893
    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

    • Distribution centers

    Property Details for 804 N Franklintown Rd

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.75 lot acres
    Property size
    55,176 SF
    Zone code
    R-8
    Property type
    Distribution centers
    APN
    16-21-2481 -003
    APU
    16212481003

    Description

    This exceptional opportunity presents a 42-unit Class A apartment building development project in Baltimore, MD, situated on a 0.75-acre lot at 804 N Franklintown Rd, zip code 21216. The project, totaling 53,631 square feet across three stories, is currently in the pre-construction phase. All necessary zoning variances have been secured, making it a "shovel-ready" investment. The design includes 33 parking spaces. The property is conveniently located less than two miles from Highway 95 and three miles from downtown Baltimore. Architectural drawings are available. The existing structure on the site must be demolished before construction can begin. The asking price is $1,050,000 ($19.58/sq ft, $25,000/unit). This redevelopment project offers significant potential for substantial monthly rental income, estimated between $71,000 and $84,000, depending on final finishes. The property is offered fee simple, with no ground lease. Prospective buyers are responsible for obtaining building permits and completing construction. Due diligence is recommended.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $260,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $255,000
      Mixed-Use
      $215,000
      Hospitality
      $225,000
      Educational
      $250,000
      Residential Income
      $190,000
      Energy
      $205,000
      Income-Based Land
      $225,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6659
    Latitude
    39.2959
    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
    $5,664
    $100,000
    $140,000
    $240,000
    -
    $100,000
    $140,000
    $240,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      2710 Walbrook Ave

      DISTRIBUTION WAREHOUSE • 2,944 SF
      2710 Walbrook Ave, Baltimore, MD 21216-3132
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    • Value Estimation
      $760,000
      125,854 SF

      2200 Winchester St

      DISTRIBUTION WAREHOUSE • 125,854 SF
      2200 Winchester St, Baltimore, MD 21216-4526
      View Details
    • Value Estimation
      $380,000
      4,270 SF

      2201 Evergreen St

      DISTRIBUTION WAREHOUSE • 4,270 SF
      2201 Evergreen St, Baltimore, MD 21216
      View Details
    • Value Estimation by Request
      2,040 SF

      2905 Buena Vis St

      COM AUTO TRANS/STORAGE • 2,040 SF
      2905 Buena Vis St, Baltimore, MD 21216-4637
      View Details
    • Value Estimation by Request
      1,395 SF

      2913 Buena Vis St

      COM AUTO TRANS/STORAGE • 1,395 SF
      2913 Buena Vis St, Baltimore, MD 21216-4637
      View Details

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    Baltimore, MD 21216
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    Realmo Value Estimation

    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.

    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.

    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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