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Property profile & analytics
FOR LEASE
Office buildings
145 Ostend St, Baltimore, MD 21230
Entity Owned
11-yr Hold
Property ID
US40-0230757
For Lease
1 / 14
$129-$20,657/Mo
145 Ostend St, Baltimore, MD 21230
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
STEEL FRAME
Total area
75,000 SF
Lot
0.89 ac (38,681 SF)
Zoning code
TOD-4
APN
23-07-0975 -020
UPID
US40-0230757
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
-
Mozell Films Film Production
-
Morgan & Morgan Law Firm
-
EVHC Insurance Agency
-
Spaces - Baltimore - Stadium Square Real Estate Agency
-
Levy Konigsberg Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$10.07M
Owner & transaction history
Stadium Square III LLC · 11 yrs held
Stadium Square III LLC
since 2014
4 recorded transactions
Zoning & alternative use
TOD-4 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,735,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,250,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$10.07M
Range $9.06M – $11.07M · ±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
$134 / 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
$272,448
Tax year 2023
Assessed value
$11,544,400
Assessed 2023
Previous assessed
$11,544,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,934,000
Assessed improvement
$9,610,400
Land market value
$1,934,000
Improvement market value
$9,610,400
Total market value
$11,544,400
Applied tax rate
23.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
6
Units
1
Total area
75,000 SF
Lot
0.89 ac (38,681 SF)
Zoning code
TOD-4
APN
23-07-0975 -020
UPID
US40-0230757
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
TOD-4 · Baltimore, MD
Zoning TOD-4 · permitted uses
TOD-4 · 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
OFFICE BUILDING Current
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$13.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2017
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
6
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Stadium Square III LLC
Entity
Mailing address
1 OLYMPIC PL STE #1210, BALTIMORE, MD 21204-4106
Ownership since
2014
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
Apr 3, 2024
—
Stadium Square III LLC
—
Deed
related
$14,700,000 · Standard Insurance Co
Apr 28, 2017
—
Stadium Square III LLC
—
Deed
related
$14,700,000 · Harbor Community Fund Xi LLC
Apr 12, 2017
—
Stadium Square III LLC
—
Loan Modification
related
$2,617,500 · First Nat'l Bk/pa
Oct 15, 2014
$1,500,000
Stadium Square III LLC
Ostend Real Estate LLC
Grant Deed
$1,093,164 · Stadium Square Holdings LLC
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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