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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Strip malls
1401 Cold Spg Ln, Baltimore, MD 21239-3913
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1485928
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Construction
BRICK
Total area
12,848 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-2
APN
27-39-3971A-056
UPID
US40-1485928
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
-
Pharmacy Pharmacy
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.20M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.58M
Owner & transaction history
611 Kennedy LLC · 5 yrs held
611 Kennedy LLC
since 2020
Last sale
$3.7M
2 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+26.0%
Restaurant
$2.9M
+24.2%
Office building
$2.6M
+12.1%
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
$4,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,460,000
6.5%
$3,195,000
7%
$2,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,355,000
Current use
AUTO REPAIR, GARAGE
$2,965,000
Change: +26% · Conversion: Difficult
RESTAURANT
$2,920,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,640,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10% · vs last sale $3.69M (Nov 9 2020)
Last sale anchor
$3.69M
Nov 9 2020
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
$278 / 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
$73,884
Tax year 2023
Assessed value
$3,130,667
Assessed 2023
Previous assessed
$2,703,633
+15.8% YoY
Effective rate
2.36%
On assessed value
Land market value
$260,000
Improvement market value
$3,297,700
Total market value
$3,557,700
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
12,848 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-2
APN
27-39-3971A-056
UPID
US40-1485928
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1950
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
611 Kennedy LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1345 14TH ST NW, WASHINGTON, DC 20005-3610
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
$3,686,667
611 Kennedy LLC
Cold Spring Shopping Center LLC
Deed
—
Jan 6, 2010
—
900-918 W North Ave LLC
Schwaber,cecelia
Grant Deed
related
—
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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