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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Specialty properties
1005 Dundalk Ave Baltimore, MD 21224-3018
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0726341
Property summary
AI-generated overview
This exceptional 9,626 sq ft, three-story Class B office building in Baltimore, MD, is available for sale at $1,100,000 ($114.27/sq ft). Located at 1005 Dundalk Avenue, this vacant, freestanding property boasts excellent retail visibility and ample parking (36 spaces) with convenient access from Dundalk Ave, O'Donnell Street, and Bushy Street. The 0.52-acre lot is zoned C-2, offering flexibility for various uses including retail, office, or medical. Built in 1972, the building features two units and benefits from a high-traffic location near major routes like I-695, I-95, and I-895, providing easy access for employees and customers. The property's strategic location ensures high visibility and accessibility, making it an ideal investment opportunity for those seeking immediate occupancy. This value-add investment presents a chance to capitalize on a prime location in a thriving area of Baltimore. Net lease terms are available.
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1972
Construction
BRICK
Total area
9,626 SF
Lot
0.52 ac (22,520 SF)
Zoning code
C-2
APN
26-01-6727 -029
UPID
US40-0726341
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
-
Dabrowski-Chojnacki Funeral Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$498k
Blend (final)
Blend
$820k
Owner & transaction history
Dundalk Investments LLC · 1 yrs held
Dundalk Investments LLC
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+82.6%
Office building
$1.3M
+77.8%
Restaurant
$1.2M
+72.7%
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
$730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$710,000
Current use
COMMERCIAL (GENERAL)
$1,295,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: +78% · Conversion: Difficult
RESTAURANT
$1,225,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$945,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$875,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $1.03M (Feb 14 2025)
Last sale anchor
$1.03M
Feb 14 2025
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
$85 / 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
$17,492
Tax year 2023
Assessed value
$741,167
Assessed 2023
Previous assessed
$740,200
+0.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$225,200
Improvement market value
$517,900
Total market value
$743,100
Applied tax rate
26.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
9,626 SF
Lot
0.52 ac (22,520 SF)
Zoning code
C-2
APN
26-01-6727 -029
UPID
US40-0726341
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-2 · 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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$945,000
INDUSTRIAL (GENERAL)
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Dundalk Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
25 OFFSPRING CT PERRY HALL, PERRY-HALL
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$1,030,000
Dundalk Investments LLC
1005 Dundalk Avenue LLC
Deed
—
Apr 3, 2025
—
1005 Dundalk Avenue LLC
—
Deed
related
$175,000 · Trius Lendinng Partner Reit 1 LLC
Feb 5, 2025
—
1005 Dundalk Avenue LLC
Mark A Chojnacki
Deed
related
—
Aug 24, 2023
$675,000
1005 Dundalk Avenue LLC
Mark A Chojnacki
Special Warranty Deed
$540,000 · Amy Mazer
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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