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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
1825 Eastern Blvd Essex, MD 21221-1303
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0031308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
2,100 SF
Lot
0.14 ac (6,098 SF)
Zoning code
BL
APN
15-1511000671
UPID
US40-0031308
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
$695k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$560k
Owner & transaction history
Angel Ears LLC · 5 yrs held
Angel Ears LLC
since 2020
Last sale
$570,000
2 recorded transactions
Zoning & alternative use
BL · Essex, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$485,000
+12.4%
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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$705,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$430,000
Current use
AUTO REPAIR, GARAGE
$485,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$400,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$395,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$385,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $570k (Dec 16 2020)
Last sale anchor
$570k
Dec 16 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
$267 / 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
$2,344
Tax year 2023
Assessed value
$278,300
Assessed 2023
Previous assessed
$266,867
+4.3% YoY
Effective rate
0.84%
On assessed value
Assessed land
$121,900
Assessed improvement
$156,400
Land market value
$121,900
Improvement market value
$156,400
Total market value
$278,300
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
2
Total area
2,100 SF
Lot
0.14 ac (6,098 SF)
Zoning code
BL
APN
15-1511000671
UPID
US40-0031308
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Essex, MDZoning BL · permitted uses
BL · Essex, 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
OFFICE BUILDING Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RETAIL STORES
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$385,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Angel Ears LLC
Entity
Mailing address
1758 EASTERN BLVD, ESSEX, MD 21221-2105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$570,000
Angel Ears LLC
18206 Gmc LLC
Grant Deed
$475,000 · 1829 Gmc LLC
Nov 14, 2017
$165,000
1829 Gmc LLC
1825 Eastern Boulevard LLC
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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