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Property profile & analytics
OFF-MARKET
Investment properties
115 Melrose Ave, Baltimore, MD 21228-4527
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1363412
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1976
Total area
1,040 SF
Lot
0.19 ac (8,250 SF)
Zoning code
BLCCC
APN
01-0113553510
UPID
US40-1363412
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
-
Walther Sara Medical Clinic
-
Ann Gulyas Physician
-
Zara Eden Physician
-
Taryn Adams-Harlee Physician
-
Autumn Lake Healthcare at Long Green Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lauren N Nordeck · 3 yrs held
Lauren N Nordeck
since 2023
Last sale
$298,000
5 recorded transactions
Zoning & alternative use
BLCCC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,024
Tax year 2023
Assessed value
$206,700
Assessed 2023
Previous assessed
$206,700
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$93,200
Assessed improvement
$113,500
Land market value
$93,200
Improvement market value
$113,500
Total market value
$206,700
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Total area
1,040 SF
Lot
0.19 ac (8,250 SF)
Zoning code
BLCCC
APN
01-0113553510
UPID
US40-1363412
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Baltimore, MD
Zoning BLCCC · permitted uses
BLCCC · 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.
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Lauren N Nordeck
Individual
Mailing address
115 MELROSE AVE, BALTIMORE, MD 21228-4527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 15, 2023
$298,000
Lauren N Nordeck
Nesha C Greene Meka
Deed
$283,100 · Guaranteed Rate Affinity LLC
Aug 20, 2020
$4,000
N C Greene Meka
Hattie M Greene
Grant Deed
related
—
—
—
Frederick G Greene
—
Deed Of Trust
related
$1 · Hud
—
—
Frederick G Greene
—
Deed Of Trust
related
$370,500 · Financial Freedom Senior Fundi
—
—
Frederick G Greene
—
Deed Of Trust
related
$15,000 · Royal Financial Services INC
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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