Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,785,000
Grocery and convenience stores
16 Ctr Pl Dundalk, MD 21222-4306
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-2393326
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1949
Construction
BRICK
Total area
10,200 SF
Lot
0.83 ac (36,000 SF)
Zoning code
BM
APN
12-1204075785
UPID
US40-2393326
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.79M
Owner & transaction history
16 Center Pl LLC · 1 yrs held
16 Center Pl LLC
since 2025
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
BM · Dundalk, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+65.7%
Restaurant
$2.3M
+63.3%
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 Dundalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dundalk 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
$4,585,000
ML approach
$4,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,355,000
Change: +66% · Conversion: Difficult
RESTAURANT
$2,320,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$3.79M
Range $3.41M – $4.16M · ±10% · vs last sale $3.70M (Dec 10 2020)
Last sale anchor
$3.70M
Dec 10 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
$371 / 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
$3,234
Tax year 2023
Assessed value
$364,300
Assessed 2023
Previous assessed
$364,300
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$249,000
Assessed improvement
$115,300
Land market value
$249,000
Improvement market value
$115,300
Total market value
$364,300
Applied tax rate
12.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1949
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,200 SF
Lot
0.83 ac (36,000 SF)
Zoning code
BM
APN
12-1204075785
UPID
US40-2393326
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Dundalk, MDZoning BM · permitted uses
BM · Dundalk, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
RESTAURANT
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
1949
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
16 Center Pl LLC
Entity
Mailing address
11620 RED RUN BLVD, REISTERSTOWN, MD 21136-6232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
May 21, 2025
$567,500
16 Center Pl LLC
Dundalk Village Market LLC
Warranty Deed
$192,000 · Worthington Alternative Capital LLC
Dec 10, 2020
—
Dundalk Village Market LLC
Jmj Dundalk Propetties LLC
Quit Claim Deed
$360,000 · Jmj Dundalk Properties LLC
Apr 2, 2014
—
Jmj Dundalk Properties LLC
—
Trustees Deed
related
$100,000 · Dundalk Village Properties LLC
Mar 1, 2005
$3,700,000
Jmj Dundalk Properties LLC
Dunleer Co
Grant Deed
$1,600,000 · Susquehanna Bank
—
—
Jmj Dundalk Properties LLC
—
Deed Of Trust
related
$1,500,000 · Baltimore County (md)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16 Ctr Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
