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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Retail space
1201 Eastern Blvd Essex, MD 21221-3451
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0541096
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
BRICK
Total area
2,416 SF
Lot
0.83 ac (36,154 SF)
Zoning code
BR
APN
15-1510250480
UPID
US40-0541096
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
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Akfali Properties LLC · 5 yrs held
Akfali Properties LLC
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
BR · Essex, 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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$1,310,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (May 7 2021)
Last sale anchor
$1.10M
May 7 2021
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
$455 / 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
$5,469
Tax year 2023
Assessed value
$857,800
Assessed 2023
Previous assessed
$841,367
+2.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$464,600
Assessed improvement
$393,200
Land market value
$464,600
Improvement market value
$393,200
Total market value
$857,800
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Total area
2,416 SF
Lot
0.83 ac (36,154 SF)
Zoning code
BR
APN
15-1510250480
UPID
US40-0541096
Jurisdiction
BALTIMORE
Zoning & alternative use
BR · Essex, MD
Zoning BR · permitted uses
BR · Essex, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Akfali Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5211 E JOPPA RD, PERRY HALL, MD 21128-9319
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Akfali Properties LLC
—
Deed
related
$684,500 · Harbor Bank/md
May 7, 2021
$1,100,000
Akfali Properties LLC
Wtwm LLC
Deed
—
Sep 7, 2010
$775,000
Wtwm LLC
Smith,arthur L & Arlene
Grant Deed
$775,000 · Arthur L & Arlene Smith
Jul 15, 1997
$427,000
Arthur L Smith
Color Title INC
Grant Deed
$275,000 · Vigilant Fed'l S&l Assn
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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