Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Philadelphia Rd, MD

    • Outlet malls
    • 117,986 SF
    • 9.55 lot acres
    OFF-MARKET
    Value Estimations
    $13,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1679293
    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

    • Outlet malls

    Property Details

    Year built
    2002
    Construction
    BRICK
    Lot size
    9.55 lot acres
    Property size
    117,986 SF
    Zone code
    BM
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    15-2300011747
    APU
    152300011747

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $21,610,000
      Change: +31% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $19,455,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $17,950,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $17,145,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia Rd
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4891
    Latitude
    39.3351
    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
    $170,642
    $7,575,000
    $4,965,000
    $12,540,000
    -
    $7,575,000
    $4,965,000
    $12,540,000

    Comparable in this City

    • Value Estimation
      $930,000
      6,840 SF

      Baltimore Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,840 SF
      Baltimore Blvd, Westminster, MD
      View Details
    • Value Estimation by Request
      3,984 SF

      Indian Bridge

      WHOLESALE OUTLET, DISCOUNT STORE • 3,984 SF
      Indian Bridge, Rd, MD
      View Details
    • Value Estimation
      $16,290,000
      143,000 SF

      Philadelphia Rd, MD

      WHOLESALE OUTLET, DISCOUNT STORE • 143,000 SF
      Philadelphia Rd, MD
      View Details
    • Value Estimation
      $14,160,000
      123,877 SF

      Shawan Rd, MD

      WHOLESALE OUTLET, DISCOUNT STORE • 123,877 SF
      Shawan Rd, MD
      View Details
    • Value Estimation by Request
      125,465 SF

      Reisterstown Rd, MD

      WHOLESALE OUTLET, DISCOUNT STORE • 125,465 SF
      Reisterstown Rd, MD
      View Details
    • Value Estimation by Request
      19,120 SF

      York Rd, MD

      SHOPPING CENTER, STRIP CENTER • 19,120 SF
      York Rd, MD
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,004 SF

      Fully Leased Retail Strip Center

      Multi-tenant strip center in Middle River, MD, fully leased.
      105 Beacon Rd, Middle River, MD
      View Details
    • Contact for pricing
      78,687 SF

      Two-Story Commercial Building in Marlow Heights

      160,181 SF commercial building at a major intersection.
      4101 Br Ave, Marlow Heights, MD
      View Details
    • $3,000,000
      9,000 SF

      Turnkey Restaurant Opportunity

      Turnkey restaurant for rent with long-term leasehold.
      4656 Hotel Dr, College Park, MD
      View Details
    • Contact for pricing
      30,000 SF

      Restaurant Space with FFE

      Fully built-out restaurant space available for sale.
      7000 Muirkirk Mdws Dr, Laurel, MD
      View Details
    • $1,200,000
      3,996 SF

      Profitable Gas Station For Sale

      Gas station with carwash, laundromat, and deli; passive income.
      400 Bi-State Blvd, Delmar, MD
      View Details
    • $900,000
      416 SF

      Former Bank with Drive-Thru

      Former Bank of America with drive-thru, high traffic location.
      8509 Oak St, Laurel, MD
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,831 SF

      Prime Retail Space in Silver Spring

      High-visibility retail space with excellent access and strong demographics.
      8661 Colesville Road Aly, Silver Spring, MD
      View Details
    • Contact for pricing
      3,552 SF

      Regional Center Retail Space Available

      Retail space for lease in Largo, Maryland regional center.
      806-990 Largo Ctr Dr, Largo, MD
      View Details
    • Contact for pricing
      2,000 SF

      Towson Retail Space For Rent

      Retail space available in established Towson shopping center.
      8000 Loch Raven Blvd, Towson, MD
      View Details
    • Contact for pricing
      1,392 SF

      Retail Strip Center Near I-695

      7,280 SF retail strip center with excellent visibility and access.
      3720 Washington Blvd, Halethorpe, MD
      View Details
    • Contact for pricing
      1,218 SF

      Retail Space in River Hill

      Retail space available in Clarksville's River Hill Village Center.
      6030 Daybreak Cir, Clarksville, MD
      View Details
    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall.
      7868 Dennis Hwy, Fort Meade, MD
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Philadelphia Rd, MD
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!