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Property profile & analytics
OFF-MARKET
Estimated value
$18,070,000
Community centers
1340 Eastern Blvd A, Baltimore, MD 21221-3423
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1513807
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Construction
BRICK
Total area
147,071 SF
Lot
28.28 ac (1,231,877 SF)
APN
15-1800007066
UPID
US40-1513807
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
-
Joseph M. Wright, RPH Pharmacy
-
higi Physician
-
Five Below (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Western Union Bank Credit Union
-
Faiza Elshafie Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.07M
Owner & transaction history
Middlesex Associates · 28 yrs held
Middlesex Associates
since 1997
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$28.0M
+3.8%
Commercial (general)
$27.6M
+2.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$26,935,000
Current use
RETAIL STORES
$27,950,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$27,575,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$22,370,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$18.07M
Range $16.26M – $19.88M · ±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
$123 / 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
$275,634
Tax year 2023
Assessed value
$18,800,000
Assessed 2023
Previous assessed
$19,937,667
-5.7% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,359,700
Assessed improvement
$14,440,300
Land market value
$4,359,700
Improvement market value
$14,440,300
Total market value
$18,800,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
5
Total area
147,071 SF
Lot
28.28 ac (1,231,877 SF)
APN
15-1800007066
UPID
US40-1513807
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$26.9M
RETAIL STORES
Est. value
$28.0M
COMMERCIAL (GENERAL)
Est. value
$27.6M
WAREHOUSE, STORAGE
Est. value
$22.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1955
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
28.28 ac
Current owner
From public records · entity-resolved
Middlesex Associates
Entity
Mailing address
2800 QUARRY LK DR STE #340, BALTIMORE, MD 21209-3764
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Dec 18, 1997
—
Middlesex Associates
—
Deed Of Trust
related
$10,500,000 · Nomura Asset Capital Corp
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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