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Property profile & analytics
FOR LEASE
Warehouses
1041 Swan Creek Dr, Baltimore, MD 21226
Individually Owned
10-yr Hold
Free & Clear
Property ID
US40-1215922
For Lease
$20,305,000
1041 Swan Creek Dr, Baltimore, MD 21226
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
203,190 SF
Lot
16.76 ac (730,240 SF)
Zoning code
W3
APN
03-536-90215836
UPID
US40-1215922
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
$20.59M
Comparable Approach
Comparable
$28.20M
Blend (final)
Blend
$20.31M
Owner & transaction history
Prologis Targeted Us Logistics · 10 yrs held
Prologis Targeted Us Logistics
since 2015
2 recorded transactions
Zoning & alternative use
W3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$22,305,000
6.5%
$20,590,000
7%
$19,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,910,000
Current use
MEDICAL BUILDING
$29,525,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$28,300,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$20.31M
Range $18.27M – $22.34M · ±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
$100 / 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
$140,149
Tax year 2023
Assessed value
$12,834,200
Assessed 2023
Previous assessed
$12,834,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,654,000
Assessed improvement
$8,180,200
Land market value
$4,654,000
Improvement market value
$8,180,200
Total market value
$12,834,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2003
Heating
SPACE
Stories
1
Units
1
Total area
203,190 SF
Lot
16.76 ac (730,240 SF)
Zoning code
W3
APN
03-536-90215836
UPID
US40-1215922
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W3 · Baltimore, MD
Zoning W3 · permitted uses
W3 · 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
WAREHOUSE, STORAGE Current
Est. value
$30.9M
MEDICAL BUILDING
Est. value
$29.5M
RETAIL STORES
Est. value
$28.3M
WAREHOUSE, STORAGE Current
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
2003
Heating
SPACE
Stories
1
Units
1
Lot
16.76 ac
Current owner
From public records · entity-resolved
Prologis Targeted Us Logistics
Individual
Free & Clear · 10 yrs held
Mailing address
18001 WAZEE ST, DENVER, CO 80202
Ownership since
2015
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
Sep 9, 2015
—
Prologis Targeted Us Logistics
Autonation Trust 1996-1
Quit Claim Deed
related
—
Dec 14, 2010
—
Amb Us Logistics Fund LP
—
Deed Of Trust
related
$14,499,692 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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