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Property profile & analytics
OFF-MARKET
Estimated value
$11,605,000
Distribution centers
1205 Pulaski Hwy, Baltimore, MD 21237
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1779726
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1955
Construction
BRICK
Total area
74,628 SF
Lot
17.68 ac (770,141 SF)
APN
15-1503231750
UPID
US40-1779726
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
$10.78M
CAP Approach
CAP
$7.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.61M
Owner & transaction history
Ag Trep 68th Street Property Owner · 3 yrs held
Ag Trep 68th Street Property Owner
since 2023
Last sale
$14.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.2M
+51.7%
Restaurant
$17.0M
+49.5%
Commercial (general)
$16.4M
+44.5%
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
$15,985,000
ML approach
$10,780,000
CAP Approach
CAP Return
Estimation
6%
$8,190,000
6.5%
$7,560,000
7%
$7,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,350,000
Current use
AUTO REPAIR, GARAGE
$17,220,000
Change: +52% · Conversion: Easy
RESTAURANT
$16,970,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,410,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$14,540,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,665,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$10,845,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$10,395,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$11.61M
Range $10.44M – $12.77M · ±10% · vs last sale $14.80M (Feb 3 2023)
Last sale anchor
$14.80M
Feb 3 2023
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
$156 / 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
$23,954
Tax year 2023
Assessed value
$3,155,600
Assessed 2023
Previous assessed
$3,006,133
+5.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$2,007,600
Assessed improvement
$1,148,000
Land market value
$2,007,600
Improvement market value
$1,148,000
Total market value
$3,155,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
74,628 SF
Lot
17.68 ac (770,141 SF)
APN
15-1503231750
UPID
US40-1779726
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$17.2M
RESTAURANT
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$16.4M
OFFICE BUILDING
Est. value
$14.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$10.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
17.68 ac
Current owner
From public records · entity-resolved
Ag Trep 68th Street Property Owner
Entity
Mailing address
3657 BRIARPARK DR STE #300, HOUSTON, TX 77042-5266
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
Mar 6, 2023
—
Ag Trep 68 Street Property Owner Ll
—
Deed
related
$9,620,000 · Canadian Imperial Bank Of Commerce
Feb 3, 2023
$14,800,000
Ag Trep 68th Street Property Owner
Grp 1205 68th Klc
Deed
—
Jul 5, 2022
—
Shore United Bank National Associat
Grp 1205 68th LLC
Assignment Of Lease (leasehold Sale)
related
—
Jan 6, 2022
$5,500,000
Grp 1205 68th LLC
68th Street LLC
Special Warranty Deed
$1,648,062 · Djna Holdings LLC
Aug 31, 2016
—
68th Street LLC
—
Deed
related
$258,000 · M & T Bank
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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