Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$16,740,000
Distribution centers
1915 Annapolis Rd Baltimore, MD 21230-3154
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2374927
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1964
Construction
BRICK
Total area
160,886 SF
Lot
6.18 ac (269,201 SF)
Zoning code
I-2
APN
25-05-7612 -013
UPID
US40-2374927
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
-
Corporate Service Group Furniture & Home Goods
-
Extra Mile Logistics Warehouse & Storage
-
Howard Uniform Company (Bike/Boat/Book/etc) Store
-
New Idea Custom Tailoring (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.74M
Owner & transaction history
Obl Md 1915 Annapolis LLC · 4 yrs held
Obl Md 1915 Annapolis LLC
since 2022
Last sale
$17.0M
7 recorded transactions
Zoning & alternative use
I-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.4M
+11.5%
Retail stores
$22.4M
+6.9%
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
$16,655,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,660,000
6.5%
$16,300,000
7%
$15,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,960,000
Current use
MEDICAL BUILDING
$23,380,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$22,410,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$16.74M
Range $15.07M – $18.41M · ±10% · vs last sale $17.00M (Jan 25 2022)
Last sale anchor
$17.00M
Jan 25 2022
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
$104 / 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
$200,600
Tax year 2023
Assessed value
$8,500,000
Assessed 2023
Previous assessed
$6,649,867
+27.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$772,600
Assessed improvement
$7,727,400
Land market value
$772,600
Improvement market value
$7,727,400
Total market value
$8,500,000
Applied tax rate
25.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
160,886 SF
Lot
6.18 ac (269,201 SF)
Zoning code
I-2
APN
25-05-7612 -013
UPID
US40-2374927
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-2 · Baltimore, MD
Zoning I-2 · permitted uses
I-2 · 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
$21.0M
MEDICAL BUILDING
Est. value
$23.4M
RETAIL STORES
Est. value
$22.4M
WAREHOUSE, STORAGE Current
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
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
6.18 ac
Current owner
From public records · entity-resolved
Obl Md 1915 Annapolis LLC
Entity
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
$17,000,000
Obl Md 1915 Annapolis LLC
Lrf1 Dc Logistice 2 LLC
Special Warranty Deed
—
Oct 28, 2019
—
Lrf1 Dc Logistics 2 LLC
—
Loan Modification
related
$34,400,000 · Suntrust Bk
Mar 12, 2019
—
Lrf1 Dc Logistics 2 LLC
—
Grant Deed
related
$34,400,000 · Suntrust Bk
Dec 26, 2018
$8,500,000
Lrf1 Dc Logistics 2 LLC
Colfin 2017-8 Indl Owner LLC
Grant Deed
—
Jul 31, 2017
$6,750,000
Colfin 2017-8 Indl Owner LLC
Realty Associates Fund Viii LP
Grant Deed
—
Nov 16, 2012
—
Realty Associates Fund Viii LP
—
Deed Of Trust
related
$395,000,000 · Wells Fargo Bank
Oct 24, 2007
$7,800,000
Realty Associates Fund Vii
1915-1921 Annapolis Road LLC
Grant Deed
related
—
Feb 25, 1998
$2,270,000
1915-1921 Annapolis Road LLC
Annapolis Road Partnership
Grant Deed
related
$1,925,000 · Nationsbanc Mortgage Corp
—
—
Realty Assocs Advisors Trust
—
Deed Of Trust
related
$50,000,000 · State Farm Bank Fsb
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?”
You own 1915 Annapolis Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
