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Property profile & analytics
FOR LEASE
Distribution centers
1301 Chesapeake Ave, Baltimore, MD 21226
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0641313
For Lease
$32,980,000
1301 Chesapeake Ave, Baltimore, MD 21226
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
190,650 SF
Lot
20.8 ac (906,048 SF)
Zoning code
I-2
APN
25-07-7335E-008
UPID
US40-0641313
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
Current use
Occupant on record · Public records
-
Madison Warehouse Warehouse & Storage
-
Lineage Logistics Logistics Company Freight Service
-
Carson & Sons Roof Architecture Co Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.10M
Blend (final)
Blend
$32.98M
Owner & transaction history
Chesapeake Logistics Property Owner · 4 yrs held
Chesapeake Logistics Property Owner
since 2022
Last sale
$33.5M
7 recorded transactions
Zoning & alternative use
I-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$44.0M
+51.7%
Restaurant
$43.4M
+49.5%
Office building
$39.2M
+35.0%
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
$32,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$29,000,000
Current use
AUTO REPAIR, GARAGE
$43,990,000
Change: +52% · Conversion: Easy
RESTAURANT
$43,355,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$39,150,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$34,915,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$27,705,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$26,555,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$32.98M
Range $29.68M – $36.28M · ±10% · vs last sale $33.50M (Jul 1 2022)
Last sale anchor
$33.50M
Jul 1 2022
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
$173 / 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
$344,810
Tax year 2023
Assessed value
$14,610,600
Assessed 2023
Previous assessed
$13,167,067
+11.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$5,824,000
Assessed improvement
$8,786,600
Land market value
$5,824,000
Improvement market value
$8,786,600
Total market value
$14,610,600
Applied tax rate
25.0000
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
For Lease
Year built
2004
Heating
NONE
Stories
1
Units
1
Total area
190,650 SF
Lot
20.8 ac (906,048 SF)
Zoning code
I-2
APN
25-07-7335E-008
UPID
US40-0641313
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-2 · Baltimore, MD
Zoning I-2 · permitted uses
I-2 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$29.0M
AUTO REPAIR, GARAGE
Est. value
$44.0M
RESTAURANT
Est. value
$43.4M
OFFICE BUILDING
Est. value
$39.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.9M
MEDICAL BUILDING
Est. value
$27.7M
RETAIL STORES
Est. value
$26.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2004
Heating
NONE
Stories
1
Units
1
Lot
20.8 ac
Current owner
From public records · entity-resolved
Chesapeake Logistics Property Owner
Entity
Mailing address
1301 CHESAPEAKE AVE, BALTIMORE, MD 21226-1007
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$33,500,000
Chesapeake Logistics Property Owner
Dg Industrial Portfolio I Prop Owne
Special Warranty Deed
—
Apr 1, 2020
$15,150,000
Dg Indl Portfolio I Propert O
P8/dalfen Chesapeake Logistics
Grant Deed
$322,475,000 · Bank Of America
Apr 16, 2018
—
P8/dalfen Chesapeake Logisti
—
Deed
related
$29,735,020 · Jp Morgan Chase Bk
Aug 3, 2017
—
P8/dalfen Chesapeake Logistics
—
Deed
related
$25,341,578 · Jp Morgan Chase Bk
Jul 20, 2017
$12,197,500
P8/dalfen Chesapeake Logistics
Lineage Cc Md Re LLC
Grant Deed
$9,527,106 · P8/dalfen Holdings LP
Apr 9, 2010
—
Fairfield Warehouse LLC
—
Deed Of Trust
related
$497,100,000 · Wells Fargo Bank
Jun 17, 2003
$600,000
Fairfield Warehouse LLC
Baltimore City (md)
Grant Deed
—
Jun 17, 2003
—
Fairfield Warehouse LLC
Baltimore City (md)
Grant Deed
related
—
Mar 13, 2003
—
Baltimore City (md)
Housing Authority
Grant Deed
related
—
—
—
Lineage Cc Md Re LLC
—
Deed Of Trust
$100,000,000 · Metropolitan Life Insurance
—
—
Fairfield Warehouse LLC
—
Deed Of Trust
related
—
—
—
Fairfield Warehouse LLC
—
Deed Of Trust
related
$375,000 · Wells Fargo Bank
—
—
Fairfield Warehouse LLC
—
Deed Of Trust
related
—
—
—
P8/dalfen Chesapeake Logistics
—
Deed Of Trust
related
$25,341,578 · Jp Morgan Chase Bk
—
—
P8/dalfen Chesapeake Logisti
—
Loan Modification
related
$29,735,020 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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