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Property profile & analytics
FOR SALE
Commercial real estate
4601 Leeds Ave Baltimore, MD 21229
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-2329999
For Sale
1 / 2
Contact for pricing
4601 Leeds Ave, Baltimore, MD 21229
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Property summary
AI-generated overview
This exceptional 4,514 square foot mixed-use property at 4601 Leeds Avenue in Baltimore, MD, presents a unique investment opportunity. The main level, ideal for up to eight office employees, features three private offices (two added in a 2020 expansion), a large open workspace, a kitchen, and two bathrooms. Ample storage is available in the basement, complemented by two garages and external cargo containers, which can be leased or purchased separately. The building boasts a state-of-the-art security system, including numerous cameras and smartphone-accessible electronic door access. Upstairs, a three-bedroom, two-bathroom apartment offers additional income potential
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Total area
3,470 SF
Lot
0.2 ac (8,596 SF)
Zoning code
BL
APN
13-1307290190
UPID
US40-2329999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Caton Communications Group, Inc. Telecommunications Service General Contractor
-
Quality Victorian Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$800k
Owner & transaction history
Big Dawg Holding Company LLC · 1 yrs held
Big Dawg Holding Company LLC
since 2024
2 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+39.9%
Office building
$715,000
+24.6%
Neighborhood: shopping center
$635,000
+11.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Current use
AUTO REPAIR, GARAGE
$800,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: -12% · Conversion: Easy
RETAIL STORES
$485,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$231 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,230
Tax year 2023
Assessed value
$296,400
Assessed 2023
Previous assessed
$281,200
+5.4% YoY
Effective rate
0.75%
On assessed value
Land market value
$123,700
Improvement market value
$203,100
Total market value
$326,800
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1928
Heating
RADIANT
Stories
2
Units
1
Bathrooms
1
Total area
3,470 SF
Lot
0.2 ac (8,596 SF)
Zoning code
BL
APN
13-1307290190
UPID
US40-2329999
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MDZoning BL · permitted uses
BL · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$800,000
OFFICE BUILDING
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$530,000
MEDICAL BUILDING
Est. value
$505,000
RETAIL STORES
Est. value
$485,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Heating
RADIANT
Stories
2
Units
1
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Big Dawg Holding Company LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4601 LEEDS AVE #100, BALTIMORE, MD 21229-5410
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Big Dawg Holding Company LLC
4601 Leeds Avenue LLC
Deed
—
Jun 28, 2006
$291,000
4601 Leeds Avenue LLC
Valentino Grampa
Deed
$232,800 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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