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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Warehouses
1546 Eastern Blvd Baltimore, MD 21221-3438
Trust Owned
18-yr Hold
Free & Clear
Property ID
US40-0727256
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Construction
BRICK
Total area
6,400 SF
Lot
0.33 ac (14,183 SF)
Zoning code
BRCS1
APN
15-1501890056
UPID
US40-0727256
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
-
Elite Family Karate Sports School
-
Zulauf Donna Social Service Agency Charitable Organization
-
Donna H. Zulauf, LCSW Foster Care Service Social Service Agency
-
Shaddock Mixed Martial Arts Fitness Essex Gym & Fitness Center
-
AutumnLeavesBeauty Beauty & Spa Services Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$695k
Owner & transaction history
Zulauf Lou A Trust · 18 yrs held
Zulauf Lou A Trust
since 2008
1 recorded transaction
Zoning & alternative use
BRCS1 · 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%
$705,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$975,000
Current use
MEDICAL BUILDING
$930,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$109 / 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
$4,318
Tax year 2023
Assessed value
$658,200
Assessed 2023
Previous assessed
$644,500
+2.1% YoY
Effective rate
0.66%
On assessed value
Assessed land
$255,200
Assessed improvement
$403,000
Land market value
$255,200
Improvement market value
$403,000
Total market value
$658,200
Applied tax rate
15.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Construction
BRICK
Heating
SPACE
Stories
2
Units
3
Total area
6,400 SF
Lot
0.33 ac (14,183 SF)
Zoning code
BRCS1
APN
15-1501890056
UPID
US40-0727256
Jurisdiction
BALTIMORE
Zoning & alternative use
BRCS1 · Baltimore, MD
Zoning BRCS1 · permitted uses
BRCS1 · 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
$975,000
MEDICAL BUILDING
Est. value
$930,000
WAREHOUSE, STORAGE Current
MEDICAL 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
Construction
BRICK
Heating
SPACE
Stories
2
Units
3
Lot
0.33 ac
Current owner
From public records · entity-resolved
Zulauf Lou A Trust
Trust
Free & Clear · 18 yrs held
Mailing address
225 VIRGINIA AVE, BALTIMORE, MD 21221-6911
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2008
—
Zulauf Lou A Trust
Zulauf,charles E JR & Lou A
Quit Claim 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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