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Financial
Distress signals
Property profile

145 Baltimore St Cumberland, MD 21502

FOR SALE
Other warehouses
Property ID
US40-2053815
9,560 SF 0.12 ac lot Built 1910
Last sale Oct 2018 · $10,772
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The historic Peskins Building is a five-story commercial property containing approximately 19,480 square feet. It is located on Baltimore Street in downtown Cumberland, Maryland, across from the Rosenbaum and Gateway Center, with the building positioned along the Downtown Mall promenade area. The interior layout includes two floors that were previously configured for retail use and multiple upper levels that can be repositioned for alternative uses. The building is configured to support…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$874
Tax billed · 2023
Assessed value$94k
Assessed land$36k
Assessed improvement$58k
Effective rate0.93%

Value estimate

· Oct 2026
$290k
$261k – $319k
AI approach$215k
NOI build-up
Gross scheduled income$295k
Vacancy & credit loss−$12k
Operating expenses−$85k
NOI · 77.16% cap applied$198k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$30 – $101

Cap rate analysis

How does the asset earn?
77.16%
$198k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-CBD
B-CBD All permitted nonresidential uses 2,000 -- 20 -- -- -- -- -- 100 Single-family attached, detached, and two-family -- 1,600 16 -- --...
General categoryCIVIC_INSTITUTIONAL
JurisdictionALLEGANY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.9
Dry Cleaner9.0
Catering Service8.7

Location

145 Baltimore St Cumberland, MD 21502
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
730 Mechanic, Cumberland, MD 21502-2115 $53,000 Dec 2025 3,540 SF
123 Baltimore, Cumberland, MD 21502-2301 $130,000 Apr 2024 4,080 SF
317 Beall, Cumberland, MD 21502-3361 $475,000 Nov 2023 5,945 SF
300 Industrial, Cumberland, MD 21502-4156 $150,000 Sep 2023 22,888 SF
203 Independence, Cumberland, MD 21502 $30,000 Sep 2023 9,944 SF
1313 Lexington, Cumberland, MD 21502-4624 $1,000,000 Aug 2023 14,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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