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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Commercial real estate
1000 Wills St 1, Baltimore, MD 21231-2808
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1454514
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Construction
BRICK
Total area
7,586 SF
Lot
14.16 ac (616,810 SF)
Zoning code
C-5DE
APN
03-07-1815 -001
UPID
US40-1454514
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
-
Premium Parking - P2302 Parking Lot & Garage
-
Harbor Point Promenade Shopping Center & Mall
-
Honeywell Corporate Office
-
Park Sandlot Park
-
Sandlot Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.52M
Owner & transaction history
Block Street Apartments LLC · 7 yrs held
Block Street Apartments LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-5DE · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+39.8%
Restaurant
$1.7M
+37.8%
Office building
$1.6M
+24.4%
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%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,750,000
Change: +40% · Conversion: Difficult
RESTAURANT
$1,725,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$1,560,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,390,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,155,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: -12% · Conversion: Easy
RETAIL STORES
$1,055,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$200 / 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
$95,448
Tax year 2023
Assessed value
$4,044,400
Assessed 2023
Previous assessed
$4,044,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$4,044,400
Land market value
$4,044,400
Total market value
$4,044,400
Applied tax rate
3.0000
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
Off-Market
Year built
1998
Construction
BRICK
Heating
FORCED AIR
Stories
2
Total area
7,586 SF
Lot
14.16 ac (616,810 SF)
Zoning code
C-5DE
APN
03-07-1815 -001
UPID
US40-1454514
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DE · Baltimore, MD
Zoning C-5DE · permitted uses
C-5DE · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1998
Construction
BRICK
Heating
FORCED AIR
Stories
2
Lot
14.16 ac
Current owner
From public records · entity-resolved
Block Street Apartments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1300 THAMES ST STE #10, BALTIMORE, MD 21231-3653
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
May 1, 2019
—
Block Street Apartments LLC
Wills Street Pier LLC
Grant Deed
—
Mar 25, 2014
$17,687,301
Harbor Point Land LLC
Honeywell International INC
Grant Deed
—
Mar 25, 2014
—
Harbor Point Land LLC
Honeywell International INC
Quit Claim Deed
related
—
Jan 3, 2007
$7,312,700
Harbor Point Phase I Dev LLC
Honeywell International INC
Grant Deed
$27,487,500 · Branch Banking & Trust Co
—
—
Harbor Point Open Space Corp
—
Deed Of Trust
related
$36,719,373 · Manufacturers & Traders Tr
—
—
Harbor Point Parcel 2 Holdings
—
Loan Modification
related
$146,316,577 · Manufacturers & Traders Tr
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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