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Property profile & analytics
OFF-MARKET
Estimated value
$31,985,000
Office buildings
1 Olympic Pl Baltimore, MD 21204-4104
Entity Owned
16-yr Hold
Free & Clear
Property ID
US40-0646172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
BRICK
Total area
157,524 SF
Lot
1.17 ac (50,880 SF)
Zoning code
BM-CT
APN
09-0903006621
UPID
US40-0646172
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
-
Heritage | MileOne Autogroup Car Dealership
-
Smythe & Digby Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Charles T. Dillon - Experienced Tax Attorney Law Firm
-
Portner & Shure, P.A. Law Firm
-
Law Offices of Brian F. Cootauco Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.94M
Comparable Approach
Comparable
$32.83M
Blend (final)
Blend
$31.99M
Owner & transaction history
Towson City Center LLC · 16 yrs held
Towson City Center LLC
since 2010
6 recorded transactions
Zoning & alternative use
BM-CT · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$36.3M
+7.9%
Restaurant
$35.8M
+6.4%
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%
$38,935,000
6.5%
$35,940,000
7%
$33,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$33,670,000
Current use
AUTO REPAIR, GARAGE
$36,345,000
Change: +8% · Conversion: Difficult
RESTAURANT
$35,820,000
Change: +6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$28,850,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$31.99M
Range $28.79M – $35.18M · ±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
$203 / 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
$310,498
Tax year 2023
Assessed value
$23,592,000
Assessed 2023
Previous assessed
$31,539,500
-25.2% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,816,000
Assessed improvement
$19,776,000
Land market value
$3,816,000
Improvement market value
$19,776,000
Total market value
$23,592,000
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
12
Units
3
Total area
157,524 SF
Lot
1.17 ac (50,880 SF)
Zoning code
BM-CT
APN
09-0903006621
UPID
US40-0646172
Jurisdiction
BALTIMORE
Zoning & alternative use
BM-CT · Baltimore, MDZoning BM-CT · permitted uses
BM-CT · 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
OFFICE BUILDING Current
Est. value
$33.7M
AUTO REPAIR, GARAGE
Est. value
$36.3M
RESTAURANT
Est. value
$35.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
12
Buildings
2
Units
3
Lot
1.17 ac
Current owner
From public records · entity-resolved
Towson City Center LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1 OLYMPIC PL STE #1210, TOWSON, MD 21204-4106
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2013
—
Towson City Center LLC
—
Deed Of Trust
related
$3,800,000 · Baltimore County (md)
Sep 16, 2011
—
Towson City Center LLC
—
Deed Of Trust
related
$13,500,000 · Pnc Bank
May 26, 2010
$4,000,000
Towson City Center LLC
Amg Realty Partners LP
Grant Deed
—
—
—
Towson City Center LLC
—
Deed Of Trust
related
$22,500,000 · Pnc Bk
—
—
Towson City Center LLC
—
Deed Of Trust
related
$1,000,000 · Baltimore County (md)
—
—
Towson City Center LLC
—
Deed Of Trust
related
$1,000,000 · Baltimore County (md)
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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