Property profile

1215 Desoto Rd Baltimore, MD 21223

OFF-MARKET
Distribution centers
Property ID
US40-1435584
59,628 SF 3.8 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Construction BRICK
Total area 59,628 SF
Lot 3.8 ac (165,528 SF)
Zoning code I-1
APN 25-02-7772 -048V
UPID US40-1435584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1215 Desoto Rd Baltimore, MD 21223
Baltimore metro Census 250206 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.57M
Blend (final) Blend
$3.16M

Owner & transaction history

since 2021
Last sale
$2.5M
7 recorded transactions
2021
Price N/A
2021
$2.5M
2020
Price N/A
2018
Price N/A
1998
$1.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Baltimore, MD
Zoning description

The I-1 Light Industrial Zoning District is intended to provide for a wide variety of light manufacturing, fabricating, processing, wholesale distributing, and warehousing uses.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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