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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Assisted living facilities
1320 Windlass Dr Baltimore, MD 21220-4100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2316183
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
BRICK
Total area
43,747 SF
Lot
3.59 ac (156,380 SF)
APN
15-2300004004
UPID
US40-2316183
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
-
Inspirations Bayside Assisted Living & Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.86M
Owner & transaction history
Real Estate Dev Tr Midatlantic LLC · 3 yrs held
Real Estate Dev Tr Midatlantic LLC
since 2023
Last sale
$7.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+348.9%
Auto repair, garage
$7.2M
+245.3%
Restaurant
$5.4M
+155.9%
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
$8,130,000
ML approach
$8,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,390,000
Change: +349% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,220,000
Change: +245% · Conversion: Difficult
RESTAURANT
$5,350,000
Change: +156% · Conversion: Difficult
RETAIL STORES
$5,205,000
Change: +149% · Conversion: Difficult
OFFICE BUILDING
$5,050,000
Change: +141% · Conversion: Difficult
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±10% · vs last sale $7.52M (Jul 6 2023)
Last sale anchor
$7.52M
Jul 6 2023
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
$180 / 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
$46,747
Tax year 2023
Assessed value
$6,203,200
Assessed 2023
Previous assessed
$6,094,033
+1.8% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,077,000
Assessed improvement
$5,126,200
Land market value
$1,077,000
Improvement market value
$5,126,200
Total market value
$6,203,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
43,747 SF
Lot
3.59 ac (156,380 SF)
APN
15-2300004004
UPID
US40-2316183
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$7.2M
RESTAURANT
Est. value
$5.4M
RETAIL STORES
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2000
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
3.59 ac
Current owner
From public records · entity-resolved
Real Estate Dev Tr Midatlantic LLC
Entity
Mailing address
360 CUMBERLAND PKWY MECHANICSBURG
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$7,524,720
Real Estate Dev Tr Midatlantic LLC
Nhi Reit Of Maryland LLC
Special Warranty Deed
$5,047,500 · Farmers & Merchants Trust Co
Nov 1, 2013
$8,676,000
Nhi-reit Of Maryland LLC
Woodlands Land Dev LLC
Grant Deed
—
Jun 27, 2008
$4,888,000
Woodlands Land Dev LLC
Health Care Reit INC
Deed Of Trust
$6,500,000 · K Bank
Apr 7, 2003
$4,700,000
Health Care Reit INC
Alfred Land Development LP
Grant Deed
—
Jul 22, 1998
$270,274
Alfred Land Development LP
1300 Windglass Corp
Grant Deed
$5,708,100 · Wmf/hintoon Paige Assoc Ltd
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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