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    8839 Kelso Dr Baltimore, MD 21221-3141
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    Property profile & analytics

    8839 Kelso Dr Baltimore, MD 21221-3141

    View on Map
    • Distribution centers
    • 44,110 SF
    • 3.47 lot acres
    Off-Market
    Property ID
    US40-1238721
    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
    $3,315,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Scale & Equipment Co., Inc. / Factory / Industrial Manufacturer
    • Facility Solutions Group Inc / Hotel & Motel
    • Merritt Properties - Kelso Business Center 8 / General Contractor
    • AMIT Recycling Solutions, Inc. / Recycling Center / Waste Management Facility
    • Akın Engineering / Building Supply / Hardware & Home Improvement

    Property Details for 8839 Kelso Dr

    Year built
    1986
    Construction
    BRICK
    Lot size
    3.47 lot acres
    Property size
    44,110 SF
    Zone code
    ML-IM
    Property type
    Distribution centers
    APN
    15-1900006121
    APU
    151900006121

    Description

    This exceptional 44,110 square foot single-story industrial property, located at 8839 Kelso Drive in Baltimore, Maryland 21221, presents a unique leasing opportunity. The building is zoned ML-IM and situated in the Baltimore County East Industrial submarket. Currently, 6,667 square feet of space is immediately available for lease within this multi-tenant building. The available space is part of a larger 44,110 square foot building featuring a 20-foot ceiling height, ideal for various industrial uses including manufacturing, flex, warehouse, and distribution operations. The property boasts two loading docks for efficient material handling and ample parking with 66 spaces available for tenants and visitors. The building is served by a robust 120/208 Volt, 3-phase, 4-wire electrical service. This location offers easy access to major transportation arteries, making it an attractive option for businesses needing convenient access to the Baltimore metropolitan area. The property's versatile design and ample space make it suitable for a wide range of industrial and manufacturing businesses. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime Baltimore County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,840,000
      6.5%
      $4,470,000
      7%
      $4,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,406,000
      Market price range: $1.22M - $5.32M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4719
    Latitude
    39.3355
    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
    $20,739
    $1,127,700
    $1,838,100
    $2,965,800
    -
    $1,127,700
    $1,838,100
    $2,965,800

    Comparable in this City

    • Value Estimation
      $3,705,000
      58,250 SF

      Race Rd

      DISTRIBUTION WAREHOUSE • 58,250 SF
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    • Value Estimation
      $2,355,000
      40,311 SF

      2 Nashua Ct

      DISTRIBUTION WAREHOUSE • 40,311 SF
      2 Nashua Ct, Baltimore, MD 21221-3151
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    • Value Estimation
      $2,740,000
      36,630 SF

      4 Nashua Ct

      DISTRIBUTION WAREHOUSE • 36,630 SF
      4 Nashua Ct, Baltimore, MD 21221-3134
      View Details
    • Value Estimation
      $2,500,000
      40,029 SF

      8803 Kelso Dr

      DISTRIBUTION WAREHOUSE • 40,029 SF
      8803 Kelso Dr, Essex, MD 21221-3112
      View Details
    • Value Estimation
      $690,000
      8,640 SF

      8907 Kelso Dr

      DISTRIBUTION WAREHOUSE • 8,640 SF
      8907 Kelso Dr, Essex, MD 21221-3113
      View Details
    • Value Estimation
      $1,545,000
      24,000 SF

      100 Eyring Ave Ste, Unit 1

      DISTRIBUTION WAREHOUSE • 24,000 SF
      100 Eyring Ave Ste, Baltimore, MD 21221-3634
      View Details

    Similar Nearby for Sale

    • $3,750,000
      18,000 SF

      8502 Kelso Rd

      Free-standing, Industrial property for sale in Essex, MD
      8502 Kelso Rd, Baltimore, MD 21221
      View Details
    • Contact for pricing

      Renovated Flex/Warehouse Building Available

      Renovated flex/warehouse building with modern finishes and ample space.
      730 S Marlyn Ave, Essex, MD 21221
      View Details
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      Warehouse Building in Essex, Maryland

      14,518 SF warehouse building for sale in Essex.
      1310 Franklin Ave, Essex, MD 21221
      View Details
    • Contact for pricing
      22,000 SF

      Freestanding Building For Sale

      22,000 SF freestanding building on 2.67 acres.
      8502 Kelso Dr, Essex, MD 21221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      274,821 SF

      Essex Industrial Warehouse Space

      274,821 square foot warehouse space available for lease.
      8411 Kelso Dr, Essex, MD 21221
      View Details
    • $12 SF/Yr

      Waterfront Commercial Opportunity on Middle River

      2.024-acre waterfront property with industrial zoning and redevelopment potential.
      1923 Old Eastern Ave, Essex, MD 21221
      View Details
    • Contact for pricing
      2,500 SF

      Flex Space with Roll-Up Door

      Flex space available for sublease with existing office and restroom.
      2015 Turkey Point Rd, Essex, MD 21221
      View Details
    • Contact for pricing
      42,403 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available for rent in Essex, Maryland.
      8415 Kelso Dr, Essex, MD 21221
      View Details
    • Contact for pricing
      18,000 SF

      Essex Warehouse Space Available

      18,000 sq ft warehouse space for lease.
      8515 Kelso Dr, Essex, MD 21221
      View Details
    • Contact for pricing

      Industrial Building with Yard Space

      11,000 SF industrial building with up to one acre yard.
      800 Race Rd, Essex, MD 21221
      View Details
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    Baltimore, MD 21221-3141
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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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