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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Manufacturing properties
1318 Monroe St Baltimore, MD 21217
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0677967
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
BRICK
Total area
3,680 SF
Lot
2 ac (87,076 SF)
Zoning code
I-1
APN
15-38-0024 -002
UPID
US40-0677967
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$540k
Owner & transaction history
Flanigan Holding Co LLC · 11 yrs held
Flanigan Holding Co LLC
since 2015
1 recorded transaction
Zoning & alternative use
I-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$850,000
+110.9%
Office building
$755,000
+87.7%
Neighborhood: shopping center
$675,000
+67.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$405,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +111% · Conversion: Easy
OFFICE BUILDING
$755,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$535,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$147 / 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
$9,861
Tax year 2023
Assessed value
$417,833
Assessed 2023
Previous assessed
$416,100
+0.4% YoY
Effective rate
2.36%
On assessed value
Land market value
$174,100
Improvement market value
$247,200
Total market value
$421,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,680 SF
Lot
2 ac (87,076 SF)
Zoning code
I-1
APN
15-38-0024 -002
UPID
US40-0677967
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-1 · Baltimore, MD
Zoning I-1 · permitted uses
I-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$850,000
OFFICE BUILDING
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$560,000
MEDICAL BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$515,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1920
Construction
BRICK
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2 ac
Current owner
From public records · entity-resolved
Flanigan Holding Co LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2444 LOCH RAVEN RD, BALTIMORE, MD 21218-5430
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2015
—
Flanigan Holding Co LLC
P Flanigan & Sons INC
Quit Claim Deed
—
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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