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Property profile & analytics
FOR LEASE
Distribution centers
1420 Joh Ave, Baltimore, MD 21227
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0841768
For Lease
1 / 2
$8 SF/Yr
1420 Joh Ave, Baltimore, MD 21227
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
BRICK
Total area
36,450 SF
Lot
3.01 ac (131,116 SF)
Zoning code
ML
APN
13-1800005551
UPID
US40-0841768
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
-
Phalanx Secure Solutions, Inc. IT Consulting Firm Tech Support Center
-
Cyber Protection Services LLC IT Consulting Firm Tech Support Center
-
DashMart Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$4.92M
Owner & transaction history
Joh Avenue Investors LLC · 5 yrs held
Joh Avenue Investors LLC
since 2021
Last sale
$5.8M
5 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.5M
+35.0%
Neighborhood: shopping center
$6.7M
+20.4%
Commercial (general)
$5.8M
+4.3%
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%
$4,000,000
6.5%
$3,695,000
7%
$3,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,545,000
Current use
OFFICE BUILDING
$7,485,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,675,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,780,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,295,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$5,075,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.92M
Range $4.43M – $5.41M · ±10% · vs last sale $5.79M (Jun 25 2021)
Last sale anchor
$5.79M
Jun 25 2021
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
$135 / 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
$14,810
Tax year 2023
Assessed value
$2,443,867
Assessed 2023
Previous assessed
$1,811,800
+34.9% YoY
Effective rate
0.61%
On assessed value
Land market value
$903,000
Improvement market value
$2,805,000
Total market value
$3,708,000
Applied tax rate
13.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1985
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
36,450 SF
Lot
3.01 ac (131,116 SF)
Zoning code
ML
APN
13-1800005551
UPID
US40-0841768
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · 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
$5.5M
OFFICE BUILDING
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE Current
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
1985
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Joh Avenue Investors LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8555 16TH ST STE #400, SILVER SPRING, MD 20910-2802
Ownership since
2021
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 21, 2021
—
Joh Avenue Investors LLC
—
Deed
related
$3,760,000 · Capital Bank NA
Jun 25, 2021
$5,787
Joh Avenue Investors LLC
1420 Joh Avenue LLC
Special Warranty Deed
—
Jun 3, 2021
$5,787,000
Joh Avenue Investors LLC
1420 Joh Avenue LLC
Special Warranty Deed
—
—
—
1420 Joh Avenue LLC
—
Deed Of Trust
related
$1,907,000 · R Andrew JR Larkin
—
—
1420 Joh Avenue LP Lllp
—
Deed Of Trust
related
$2,500,000 · Jefferson Pilot Financial Ins
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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