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Property profile & analytics
OFF-MARKET
Estimated value
$17,095,000
Warehouses
1400 Eastern Ave, Baltimore, MD 21231-2219
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-2334817
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
104,184 SF
Lot
0.6 ac (25,961 SF)
Zoning code
IMU-1
APN
03-08-1433 -021
UPID
US40-2334817
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
-
SP+ Parking Parking Lot & Garage
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.78M
Comparable Approach
Comparable
$21.16M
Blend (final)
Blend
$17.10M
Owner & transaction history
Extra Space Of Eastern Ave LLC · 22 yrs held
Extra Space Of Eastern Ave LLC
since 2004
4 recorded transactions
Zoning & alternative use
IMU-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.0M
+51.7%
Restaurant
$23.7M
+49.5%
Office building
$21.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,920,000
6.5%
$13,775,000
7%
$12,790,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,850,000
Current use
AUTO REPAIR, GARAGE
$24,040,000
Change: +52% · Conversion: Easy
RESTAURANT
$23,690,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$21,395,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,080,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,195,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$15,140,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$14,510,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$17.10M
Range $15.39M – $18.80M · ±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
$164 / 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
$160,407
Tax year 2023
Assessed value
$6,796,900
Assessed 2023
Previous assessed
$6,627,667
+2.6% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,298,000
Assessed improvement
$5,498,900
Land market value
$1,298,000
Improvement market value
$5,498,900
Total market value
$6,796,900
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
104,184 SF
Lot
0.6 ac (25,961 SF)
Zoning code
IMU-1
APN
03-08-1433 -021
UPID
US40-2334817
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
IMU-1 · Baltimore, MD
Zoning IMU-1 · permitted uses
IMU-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
WAREHOUSE, STORAGE Current
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$24.0M
RESTAURANT
Est. value
$23.7M
OFFICE BUILDING
Est. value
$21.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.1M
COMMERCIAL (GENERAL)
Est. value
$17.2M
MEDICAL BUILDING
Est. value
$15.1M
RETAIL STORES
Est. value
$14.5M
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Extra Space Of Eastern Ave LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2004
$1,300,000
Extra Space Of Eastern Ave LLC
Fells Point North LLC
Grant Deed
—
Sep 26, 2000
$1,000,000
Fells Point North LLC
Porzillo,patrick & Maureen
Grant Deed
$780,000 · First Mariner Bank
—
—
Extra Space Of Eastern Avenue LLC
—
Deed Of Trust
related
$33,487,424 · Bank Of Az
—
—
Extra Space Of Eastern Avenue LLC
—
Deed Of Trust
related
$5,800,000 · Wachovia Bank NA
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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