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Property profile & analytics
OFF-MARKET
Estimated value
$7,560,000
Warehouses
1701 Whitehead Rd, Baltimore, MD 21207-4004
Entity Owned
28-yr Hold
Free & Clear
Property ID
US40-1085067
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
BRICK
Total area
60,000 SF
Lot
3.44 ac (149,846 SF)
Zoning code
BM
APN
01-1600003198
UPID
US40-1085067
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
-
Public Storage Storage Facility
-
T R C Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.08M
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$7.56M
Owner & transaction history
Psaf Development Partners LP · 28 yrs held
Psaf Development Partners LP
since 1997
1 recorded transaction
Zoning & alternative use
BM · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.3M
+35.0%
Neighborhood: shopping center
$11.0M
+20.4%
Commercial (general)
$9.9M
+8.4%
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%
$6,585,000
6.5%
$6,080,000
7%
$5,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,125,000
Current use
OFFICE BUILDING
$12,320,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,990,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,895,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$8,720,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$8,355,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$7.56M
Range $6.80M – $8.32M · ±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
$126 / 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
$132,987
Tax year 2023
Assessed value
$10,854,000
Assessed 2023
Previous assessed
$10,185,567
+6.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,376,800
Assessed improvement
$9,477,200
Land market value
$1,376,800
Improvement market value
$9,477,200
Total market value
$10,854,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
8
Stories
2
Units
8
Total area
60,000 SF
Lot
3.44 ac (149,846 SF)
Zoning code
BM
APN
01-1600003198
UPID
US40-1085067
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.1M
OFFICE BUILDING
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.7M
RETAIL STORES
Est. value
$8.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1971
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
8
Units
8
Lot
3.44 ac
Current owner
From public records · entity-resolved
Psaf Development Partners LP
Entity
Free & Clear · 28 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
1997
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
Oct 29, 1997
$1,200,000
Psaf Development Partners LP
Billwhite Invest
Grant Deed
—
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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