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Property profile & analytics
OFF-MARKET
Estimated value
$5,420,000
Office buildings
111 Allegheny Ave Towson, MD 21204-4015
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-0901621
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
BRICK
Total area
20,100 SF
Lot
0.75 ac (32,539 SF)
Zoning code
BM-CT
APN
09-1600001670
UPID
US40-0901621
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
$4.59M
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$5.42M
Owner & transaction history
111 Allegheny Avenue LLC · 14 yrs held
111 Allegheny Avenue LLC
since 2011
5 recorded transactions
Zoning & alternative use
BM-CT · Towson, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+100.1%
Auto repair, garage
$4.6M
+7.9%
Restaurant
$4.6M
+6.4%
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 Towson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Towson 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%
$4,970,000
6.5%
$4,585,000
7%
$4,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,295,000
Current use
COMMERCIAL (GENERAL)
$8,600,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,640,000
Change: +8% · Conversion: Difficult
RESTAURANT
$4,570,000
Change: +6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,680,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±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
$270 / 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
$30,501
Tax year 2023
Assessed value
$4,884,900
Assessed 2023
Previous assessed
$4,886,500
0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$2,440,400
Assessed improvement
$2,444,500
Land market value
$2,440,400
Improvement market value
$2,444,500
Total market value
$4,884,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
BRICK
Heating
NONE
Cooling
AC.PACKAGE
Stories
7
Units
2
Total area
20,100 SF
Lot
0.75 ac (32,539 SF)
Zoning code
BM-CT
APN
09-1600001670
UPID
US40-0901621
Jurisdiction
BALTIMORE
Zoning & alternative use
BM-CT · Towson, MDZoning BM-CT · permitted uses
BM-CT · Towson, 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
OFFICE BUILDING Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RESTAURANT
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
7
Units
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
111 Allegheny Avenue LLC
Entity
Mailing address
100 W PENNSYLVANIA AVE STE #200, TOWSON, MD 21204-4541
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
Allegheny Avenue LLC
—
Deed
related
$5,850,000 · Standard Insurance Co
Jun 22, 2016
—
102 West Pennsylvania Avenue L
—
Deed
related
$15,500,000 · Miscellaneous Ins Co
Oct 11, 2011
$5,550,000
111 Allegheny Avenue LLC
Allegheny Parking Busn Trust
Grant Deed
—
Oct 16, 2006
—
Allegheny Parking Business
Nottingham Properties INC
Grant Deed
—
—
—
102 West Pennsylvania Avenue L
—
Deed Of Trust
related
$15,500,000 · 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.
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