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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Retail space
1901 Joppa Rd, Parkville, MD 21234
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1328734
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
BRICK
Total area
21,198 SF
Lot
2 ac (87,120 SF)
Zoning code
BLCS2
APN
09-0902206385
UPID
US40-1328734
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
$4.62M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.65M
Owner & transaction history
American Tower Asset Sub II LLC · 1 yrs held
American Tower Asset Sub II LLC
since 2025
3 recorded transactions
Zoning & alternative use
BLCS2 · Parkville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+44.7%
Auto repair, garage
$4.9M
+37.0%
Restaurant
$4.8M
+35.0%
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 Parkville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parkville 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
$4,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,000,000
6.5%
$4,615,000
7%
$4,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,570,000
Current use
OFFICE BUILDING
$5,165,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,890,000
Change: +37% · Conversion: Difficult
RESTAURANT
$4,820,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,880,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,495,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,225,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$3,080,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±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
$172 / 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
$15,879
Tax year 2023
Assessed value
$2,439,767
Assessed 2023
Previous assessed
$1,604,000
+52.1% YoY
Effective rate
0.65%
On assessed value
Land market value
$1,345,800
Improvement market value
$2,765,500
Total market value
$4,111,300
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
21,198 SF
Lot
2 ac (87,120 SF)
Zoning code
BLCS2
APN
09-0902206385
UPID
US40-1328734
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCS2 · Parkville, MD
Zoning BLCS2 · permitted uses
BLCS2 · Parkville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parkville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL 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
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
American Tower Asset Sub II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1340 SMITH AVE STE #300, BALTIMORE, MD 21209-3797
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
1901 East Joppa LLC
—
Deed
related
$2,915,000 · Standard Insurance Co
Feb 27, 2025
—
American Tower Asset Sub II LLC
York Exchange LLC
Deed
—
Jan 18, 2023
$4,500,000
1901 East Joppa LLC
Besche Realty INC
Deed
$1,000,000 · Besche Realty INC
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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