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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Grocery and convenience stores
1101 Pennsylvania Ave Baltimore, MD 21201-2005
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1086861
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Total area
23,964 SF
Lot
1.25 ac (54,319 SF)
Zoning code
C-1
APN
17-13-0433 -003
UPID
US40-1086861
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
-
Save A Lot Grocery & Convenience Store Food Market
-
Amazon Hub Locker - Iceberg Postal Service Courier Service
-
GetCoins Bitcoin ATM Atm
-
Innovus Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.44M
Owner & transaction history
Jsm Baltimore LLC · 4 yrs held
Jsm Baltimore LLC
since 2022
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.6M
+136.1%
Medical building
$3.5M
+125.5%
Apartment house (5+ units)
$3.1M
+100.6%
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
$2,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,545,000
Current use
WAREHOUSE, STORAGE
$3,645,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$3,480,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,100,000
Change: +101% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,890,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.50M (Mar 24 2022)
Last sale anchor
$2.50M
Mar 24 2022
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
$102 / 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
$43,210
Tax year 2023
Assessed value
$1,830,933
Assessed 2023
Previous assessed
$1,529,100
+19.7% YoY
Effective rate
2.36%
On assessed value
Land market value
$325,900
Improvement market value
$2,108,700
Total market value
$2,434,600
Applied tax rate
17.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
23,964 SF
Lot
1.25 ac (54,319 SF)
Zoning code
C-1
APN
17-13-0433 -003
UPID
US40-1086861
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MD
Zoning C-1 · permitted uses
C-1 · 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
RETAIL STORES Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1981
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Jsm Baltimore LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1201 7TH LCKS RD STE #360, POTOMAC, MD 20854-6901
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
$2,500,000
Jsm Baltimore LLC
Red Leaf Pennsylvania Ave LLC
Special Warranty Deed
—
—
—
Red Leaf Pennsylvania Ave LLC
—
Deed Of Trust
$1,680,000 · Rosedale Federal S & L Assn
—
—
Upton Youth Ents INC
—
Deed Of Trust
related
$763,520 · Bank Of America
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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