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Property profile & analytics
OFF-MARKET
Estimated value
$48,965,000
Warehouses
16615 Deshler Rd North Baltimore, OH 45872-8701
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-5575978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
417,750 SF
Lot
62.42 ac (2,719,015 SF)
APN
F22-310-3300-00-007.500
UPID
US66-5575978
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
by Request
CAP Approach
CAP
$47.49M
Comparable Approach
Comparable
$55.42M
Blend (final)
Blend
$48.97M
Owner & transaction history
Np North Baltimore Ohio Land LLC · 1 yrs held
Np North Baltimore Ohio Land LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$52.8M
+62.6%
Auto repair, garage
$49.0M
+51.0%
Industrial (general)
$43.1M
+32.6%
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 North Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$51,445,000
6.5%
$47,490,000
7%
$44,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,475,000
Current use
COMMERCIAL (GENERAL)
$52,795,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$49,030,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$43,060,000
Change: +33% · Conversion: Easy
RETAIL STORES
$41,785,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$36,540,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$48.97M
Range $44.07M – $53.86M · ±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
$117 / 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
$95,625
Tax year 2023
Assessed value
$12,723,730
Assessed 2023
Previous assessed
$12,723,730
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$861,840
Assessed improvement
$11,861,890
Land market value
$2,462,400
Improvement market value
$33,891,100
Total market value
$36,353,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Year built
2020
Heating
NONE
Buildings
4
Stories
1
Total area
417,750 SF
Lot
62.42 ac (2,719,015 SF)
APN
F22-310-3300-00-007.500
UPID
US66-5575978
Jurisdiction
WOOD
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$32.5M
COMMERCIAL (GENERAL)
Est. value
$52.8M
AUTO REPAIR, GARAGE
Est. value
$49.0M
INDUSTRIAL (GENERAL)
Est. value
$43.1M
RETAIL STORES
Est. value
$41.8M
OFFICE BUILDING
Est. value
$36.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE 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
Year built
2020
Heating
NONE
Stories
1
Buildings
4
Lot
62.42 ac
Current owner
From public records · entity-resolved
Np North Baltimore Ohio Land LLC
Entity
Free & Clear · 1 yrs held
Mailing address
55 GLENLAKE PKWY, ATLANTA, GA 30328-3474
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
Mar 21, 2025
—
Np North Baltimore Ohio Land LLC
Np North Baltimore Industrial LLC
Deed
—
Jul 8, 2022
$59,117,800
Bt Oh LLC
Np Noth Baltimore Industrial LLC
Limited Warranty Deed
—
Mar 7, 2022
—
State Of Ohio
Np North Baltimore Industrial LLC
Quit Claim Deed
related
—
Dec 10, 2021
—
Np North Baltimore Industiral LLC
Np North Baltimroe Industrial LLC
Limited Warranty Deed
—
Nov 30, 2021
—
State Of Ohio
Np North Baltimore Industrial LLC
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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