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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Grocery and convenience stores
1601 Belmont Ave Baltimore, MD 21244-2521
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1492894
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
BRICK
Total area
1,431 SF
Lot
0.97 ac (42,396 SF)
Zoning code
BM
APN
01-1800005214
UPID
US40-1492894
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
-
Exxon Gas Station
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Realty Income Properties 7 LLC · 1 yrs held
Realty Income Properties 7 LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
BM · 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
$2,655,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.66M (Nov 8 2024)
Last sale anchor
$2.66M
Nov 8 2024
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
$1,855 / 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
$6,417
Tax year 2023
Assessed value
$921,900
Assessed 2023
Previous assessed
$903,567
+2.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$582,300
Assessed improvement
$339,600
Land market value
$582,300
Improvement market value
$339,600
Total market value
$921,900
Applied tax rate
1.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,431 SF
Lot
0.97 ac (42,396 SF)
Zoning code
BM
APN
01-1800005214
UPID
US40-1492894
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Baltimore, MD
Zoning BM · permitted uses
BM · 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.
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Realty Income Properties 7 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
$2,655,631
Realty Income Properties 7 LLC
A I Glenview LLC
Special Warranty Deed
—
Nov 20, 2018
—
Ai Glenview LLC
—
Deed
related
$15,800,000 · Wells Fargo Bk
Nov 5, 2013
$2,392,144
A I Glenview LLC
27733 Baltimore LLC
Special Warranty Deed
—
Apr 19, 2013
$2,225,177
27733 Baltimore LLC
Southside Oil LLC
Special Warranty Deed
—
Jun 23, 2010
$38,328,295
Southside Oil LLC
Exxon Mobil Corp
Grant Deed
$185,948,988 · Suntrust Bank NA
—
—
Ai Glenview LLC
—
Loan Modification
related
$15,800,000 · Wells Fargo Bk
—
—
Southside Oil LLC
—
Deed Of Trust
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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