New search
Property profile & analytics
FOR LEASE
Warehouses
1400 Aliceanna St, Baltimore, MD 21231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1517384
For Lease
1 / 4
$4,945,000
1400 Aliceanna St, Baltimore, MD 21231
View Listing →
Property summary
AI-generated overview
This distressed property, The Anne on Aliceanna, presents a unique investment opportunity. Located in Baltimore, MD, at 1400 Aliceanna St, zip code 21231, this five-story apartment building boasts approximately 113,000 square feet of net rentable area. The 0.48-acre lot houses 100 apartment units and an additional 16,125 square feet of street-level retail space, strategically positioned between Harbor East and Fells Point. Currently under construction, this multifamily property is being offered in a foreclosure auction scheduled for Friday, March 14, 2025, at 11:00 AM at the Clarence M. Mitchell Courthouse (Calvert Street entrance), 100 North Calvert Street, Baltimore, MD 21202. The building is currently vacant. This is a prime opportunity to acquire a substantial multifamily asset in a desirable Baltimore location. The auction presents a chance to acquire this property at a distressed sale price. Serious investors are encouraged to investigate this unique opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
BRICK
Total area
33,632 SF
Lot
0.47 ac (20,404 SF)
Zoning code
C-5DE
APN
03-07-1806 -005
UPID
US40-1517384
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
-
VacancyFillers.com Property Management Company Real Estate Consultant
-
Harstan Enterprises (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
BeVirtuallyThere3D.com Photography Service (Bike/Boat/Book/etc) Store
-
Xchange Interactive Group Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Bart Garry Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$4.95M
Owner & transaction history
Cc 1400 Aliceanna Street LLC · 4 yrs held
Cc 1400 Aliceanna Street LLC
since 2022
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
C-5DE · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.8M
+51.7%
Restaurant
$7.7M
+49.5%
Office building
$6.9M
+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
$4,900,000
ML approach
$4,875,000
CAP Approach
CAP Return
Estimation
6%
$3,690,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,115,000
Current use
AUTO REPAIR, GARAGE
$7,760,000
Change: +52% · Conversion: Easy
RESTAURANT
$7,650,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$6,905,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,160,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,550,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$4,885,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,685,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±10% · vs last sale $5.00M (Apr 13 2022)
Last sale anchor
$5.00M
Apr 13 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
$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
$22,661
Tax year 2023
Assessed value
$960,200
Assessed 2023
Previous assessed
$955,933
+0.4% YoY
Effective rate
2.36%
On assessed value
Assessed land
$306,000
Assessed improvement
$654,200
Land market value
$306,000
Improvement market value
$654,200
Total market value
$960,200
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1920
Construction
BRICK
Heating
SPACE
Stories
2
Units
1
Total area
33,632 SF
Lot
0.47 ac (20,404 SF)
Zoning code
C-5DE
APN
03-07-1806 -005
UPID
US40-1517384
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DE · Baltimore, MD
Zoning C-5DE · permitted uses
C-5DE · 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
$5.1M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RESTAURANT
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
SPACE
Stories
2
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Cc 1400 Aliceanna Street LLC
Entity
Mailing address
12 W MONTGOMERY ST, BALTIMORE, MD 21230-4489
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$5,000,000
Cc 1400 Aliceanna Street LLC
Yogel Investments LLC
Deed
$31,250,000 · First National Bank Of Pennsylvania
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
