New search
Property profile & analytics
FOR SALE
Other commercial real estate
1608 Eastern Ave, Baltimore, MD 21231
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-2242513
For Sale
1 / 45
$375,000
1608 Eastern Ave, Baltimore, MD 21231
View Listing →
Property profile
Verified
Property type
Other commercial real estate
Use group
OFFICE BUILDING
Year built
1920
Construction
BRICK
Total area
1,803 SF
Lot
0.02 ac (895 SF)
Zoning code
C-1
APN
03-08-1435 -022
UPID
US40-2242513
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
-
Veritas Partners Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The 5th Element Companies LLC · 7 yrs held
The 5th Element Companies LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,033
Tax year 2023
Assessed value
$298,000
Assessed 2023
Previous assessed
$273,833
+8.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$50,000
Assessed improvement
$248,000
Land market value
$50,000
Improvement market value
$248,000
Total market value
$298,000
Applied tax rate
3.0000
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
Other commercial real estate
Use group
OFFICE BUILDING
Status
For Sale
Year built
1920
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
1
Total area
1,803 SF
Lot
0.02 ac (895 SF)
Zoning code
C-1
APN
03-08-1435 -022
UPID
US40-2242513
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MD
Zoning C-1 · permitted uses
C-1 · 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
1920
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
The 5th Element Companies LLC
Entity
Mailing address
16511 YORK RD, MONKTON, MD 21111-1014
Ownership since
2018
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
Dec 13, 2018
$330,000
The 5th Element Companies LLC
Scott Scarfone
Deed
$247,500 · Revere Bank
Jan 14, 2005
$250,000
Scott Scarfone
Pierside Properties LLC
Grant Deed
—
Mar 15, 2004
$165,000
Pierside Properties LLC
Powers,richard D
Grant Deed
$200,350 · Severn Savings Bank Fsb
Jun 24, 1999
$85,000
Richard D Powers
Thomson,craig
Grant Deed
$80,750 · Homewood Fsb
—
—
Scott C Scarfone
—
Deed Of Trust
related
$192,898 · Pnc Bank
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?”
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.
