Financial
Distress signals
Property profile

1224 Chesaco Ave Baltimore, MD 21237

FOR SALE
Other commercial real estate
Property ID
US40-1427123
1,374 SF 0.26 ac lot Built 1950
Last sale Dec 1999 · $107,000
Individually Owned Owner of record is an individual. 26-yr Hold Held for 26 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

1224 Chesaco Ave is a medical/professional office property built in 1950, configured with three exam rooms, three private offices, two bathrooms, and a kitchen area on the main level. The building includes additional upstairs space to support expanded operations and a full basement that provides storage capacity. Accessibility is improved by an ADA-compliant ramp. The property is served by a large parking lot with 15 dedicated spaces intended for clients and staff.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$265k
Assessed land$151k
Assessed improvement$114k
Effective rate0.69%

Value estimate

· Sep 2026
$290k
$261k – $319k
AI approach$290k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$10k
Operating expenses−$13k
NOI · 1,317.41% cap applied$38k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$220/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$154 – $320
Qualifying comparables10

Cap rate analysis

How does the asset earn?
1,317.41%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BL
JurisdictionBALTIMORE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.3
Parking Facility11.0
Law Firm10.9

Location

1224 Chesaco Ave Baltimore, MD 21237
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1232 Race Rd, Rosedale, MD 21237-2376 $120,000 Aug 2025 1,330 SF
6815 Golden Ring, Baltimore, MD 21237-2104 $290,000 Apr 2025 1,550 SF
6830 Hospital Dr, Baltimore, MD 21237-4375 $260,000 Jul 2022 1,544 SF
1232 Race Rd, Rosedale, MD 21237-2382 $76,500 May 2022 1,320 SF
1232 Race, Rosedale, MD 21237-2351 $90,000 Oct 2019 1,350 SF
8300 Philadelphia, Baltimore, MD 21237-2928 $255,000 Aug 2019 1,260 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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