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Financial
Distress signals
Property profile

1240 Pratt St Baltimore, MD 21223

OFF-MARKET
Distribution properties
Property ID
US40-0078869
528 SF 0.15 ac lot Built 1940
Last sale Dec 2017 · $335,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Baltimore, MD investment property presents a compelling opportunity for savvy investors or owner-occupants. Located at 1240 W Pratt St, this mixed-use building boasts 4,500-5,000 square feet across two parcels (1234 & 1236 W Pratt St) on an 11,629 sq ft lot, offering a strong cash flow with a 9.05% cap rate and a current NOI of $63,378. The property features three tenants: a tire shop (leased for 2.5 years), a newly renovated convenience store, and a vacant three-bay garage previously…

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.

Debts

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?
$1k
Tax billed · 2023
Assessed value$58k
Assessed land$52k
Assessed improvement$6k
Effective rate2.36%

Value estimate

· Oct 2026
$200k
$180k – $220k
AI approach$255k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
Submarket average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$58 – $467

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
The C-2 Community Commercial Zoning District is intended for areas of small to medium-scale commercial use, typically located along urban...
General categoryCOMMERCIAL
JurisdictionBALTIMORE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner11.3
Law Firm10.5
Bakery10.3

Location

1240 Pratt St Baltimore, MD 21223-2649
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2014 Frederick, Baltimore, MD 21223 $18,000 Jun 2023 2,960 SF
320 Stinson, Baltimore, MD 21223 $10,000 Nov 2022 5,800 SF
1416 Baltimore, Baltimore, MD 21223 $645,000 Sep 2022 2,227 SF
1228 Hollins, Baltimore, MD 21223-2633 $200,000 Jan 2022 700 SF
412 Vincent, Baltimore, MD 21223 $141,000 Jan 2020 1,444 SF
14 Stockton, Baltimore, MD 21223 $16,500 Nov 2018 2,025 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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