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Property profile & analytics
OFF-MARKET
Estimated value
$11,270,000
Apartment buildings
1005 Joppa Rd Baltimore, MD 21204-3732
Individually Owned
27-yr Hold
Property ID
US40-0943683
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Construction
BRICK
Total area
62,355 SF
Lot
38.91 ac (1,694,920 SF)
Zoning code
DR2
APN
09-2200006803
UPID
US40-0943683
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.30M
Blend (final)
Blend
$11.27M
Owner & transaction history
Chestnut Real Estate Ptshp · 27 yrs held
Chestnut Real Estate Ptshp
since 1999
2 recorded transactions
Zoning & alternative use
DR2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.4M
+78.5%
Restaurant
$14.2M
+75.9%
Office building
$13.3M
+65.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,060,000
Current use
AUTO REPAIR, GARAGE
$14,385,000
Change: +79% · Conversion: Difficult
RESTAURANT
$14,180,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$13,330,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,420,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,485,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$9,060,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$11.27M
Range $10.14M – $12.40M · ±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
$181 / 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
$877,531
Tax year 2023
Assessed value
$68,327,533
Assessed 2023
Previous assessed
$68,327,533
+0.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$10,387,400
Improvement market value
$58,351,200
Total market value
$68,738,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
7
Stories
2
Units
7
Total area
62,355 SF
Lot
38.91 ac (1,694,920 SF)
Zoning code
DR2
APN
09-2200006803
UPID
US40-0943683
Jurisdiction
BALTIMORE
Zoning & alternative use
DR2 · Baltimore, MDZoning DR2 · permitted uses
DR2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$14.4M
RESTAURANT
Est. value
$14.2M
OFFICE BUILDING
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
7
Units
7
Lot
38.91 ac
Current owner
From public records · entity-resolved
Chestnut Real Estate Ptshp
Individual
Mailing address
1055 W JOPPA RD, TOWSON, MD 21204-3741
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Jan 28, 1999
—
Chestnut Real Estate Ptshp
—
Grant Deed
related
$12,500,000 · Lasalle National Bank
—
—
Chestnut Real Estate Ptshp
—
Deed Of Trust
related
$17,100,000 · Tcf National Bank
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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